Shares & Derivatives
Accordia Golf Trust DPU plunged 32.7%.
By A Singaporean Stockmarket Investor (ASSI)  •  November 14, 2017
I checked my Facebook account earlier this morning and was greeted by a deluge of messages regarding Accordia Golf Trust. Alamak. How like that? Reader #1: hey AK can i ask you something regarding Accordia's latest results? One thing I didn't understand was, why is the DPU down so much from last year despite the profit and revenue being higher? AK: Due to repayment of membership deposit. Reader #1: hm I see. meaning more of its members are withdrawing their deposits, i.e. revoking their membership. AK: At this moment, I am treating this as a one off event. Management said it is unusual. Reader #1: yeah probably a large number of it hit the due date for withdrawals or something. AK: Probably the case ......
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By A Singaporean Stockmarket Investor (ASSI)
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