Aspen Group Limited

1.32
CHANGE
+0.005 (0.38%)
20 minute delayed prices during trading hours
VOLUME
41.0K
DAY'S HIGH
1.32
DAY'S LOW
1.315
Aspen Group Limited (Aspen Group) is engaged in investment in commercial, industrial and accommodation property and funds management activities in the property sector. Its segments include core and non-core. Core segment includes net rental income and associated interest expense and other expenditure from all investment properties held by Aspen Group throughout Australia. It also includes Aspen Group’s share of net rental income and expenditure from properties held ... continued
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Aspen Group Limited
Aspen Group Limited (Aspen Group) is engaged in investment in commercial, industrial and accommodation property and funds management activities in the property sector. Its segments include core and non-core. Core segment includes net rental income and associated interest expense and other expenditure from all investment properties held by Aspen Group throughout Australia. It also includes Aspen Group’s share of net rental income and expenditure from properties held by 12-26 Franklin Street Property Trust (FSPT) and management fees, equity profits and associated expenditure from Aspen Parks Property Fund (APPF). Non-Core segment includes all assets that Aspen Group has deemed as held for sale and has commenced divestment strategies on. It includes interest from related parties and dividends from investments. In March 2014, the Company announced that its Core Plus Office Fund has purchased a 50 %interest in the Franklin Street Property Trust from Aspen Group Limit ed.

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Latest APZ news

Start your search for bargains with these 5 stocks
MAR 27, 2014
Aspen Group Limited (ASX: APZ) has faced a number of write-downs to the carrying value of its assets but management is obviously working hard to restore value to shareholders including in the form of a substantial buyback. Major shareholder Allan Gray appears to like what it sees, with the fund manager upping its stake in the property developer from 18% to 19.5%.
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GSK sells thrombosis brands, French plant
OCT 01, 2013
British drugs firm GlaxoSmithKline (GSK) says it has sold two thrombosis brands and a French plant to South African peer Aspen for STG700 million ($A1.22 billion).
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AUG 14, 2013
3)     Aspen Group (ASX: APZ) updated the market in July, announcing that an audit of carry value of assets would lead to a write-down of 1.3 cps at 30 June 2013. This should see the NTA decrease from the current published 26c to 24.7 cents. With its share price near a 52-week low of 16.5 cents, this implies the stock is trading at a discount to NTA of 33%.
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