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 ......