duckduckgo7
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I'm in for organizing.
If you take the 8000 acres and multiply by the current average prices for agri land it comes to around 7K per acre.(Not exact)
That's 56 million, very similar to the total shareholder funds. This may indicate(perhaps) that what they have done is sell the land and just average it out against all funds which is totally wrong as the 21 year old funds land would have appreciated significantly. But by the return It seem that it has not appreciated at all. Remember each fund is its own entity they should not be mixing assets. (I'm only speculating).
But that's neither here nor there at this stage, as they have done the deal clearly not in everyone's preference.
I've requested a breakdown of the original land prices against what they were sold for, also the current stock figure. We deserve to know the details regarding this, we are the ones that put the money down and waited over two decades.(I doubt i'll receive a reply).
This whole deal is very suspicious.
Also check out the article that Fearghal O'Connor made in the independent on the 26th may. Delloitte were the ones that "introduced" Tony Dalwood to "this opportunity" almost a year ago........Deloitte were also the ones that conducted the audit. In today's independent article again by Mr. O'Connor the fees the auditors received were almost a million..... Anyone see issues here?....
www.independent.ie
@Lar Sheeran when are you gonna put the ad out? Actually best keep that part between the group.
If you take the 8000 acres and multiply by the current average prices for agri land it comes to around 7K per acre.(Not exact)
That's 56 million, very similar to the total shareholder funds. This may indicate(perhaps) that what they have done is sell the land and just average it out against all funds which is totally wrong as the 21 year old funds land would have appreciated significantly. But by the return It seem that it has not appreciated at all. Remember each fund is its own entity they should not be mixing assets. (I'm only speculating).
But that's neither here nor there at this stage, as they have done the deal clearly not in everyone's preference.
I've requested a breakdown of the original land prices against what they were sold for, also the current stock figure. We deserve to know the details regarding this, we are the ones that put the money down and waited over two decades.(I doubt i'll receive a reply).
This whole deal is very suspicious.
Also check out the article that Fearghal O'Connor made in the independent on the 26th may. Delloitte were the ones that "introduced" Tony Dalwood to "this opportunity" almost a year ago........Deloitte were also the ones that conducted the audit. In today's independent article again by Mr. O'Connor the fees the auditors received were almost a million..... Anyone see issues here?....
UK asset manager plans to build on Irish forestry deal - Independent.ie
London based specialist alternative asset manager Gresham House Asset Management (GHAM) is planning new forestry and renewable projects after taking over management of 10,000 acres of I
@Lar Sheeran when are you gonna put the ad out? Actually best keep that part between the group.
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