ADDWEALTH ACHIEVER FUND (ARSN 097 580 955)
Primary replaced the previous responsible entity in 2012 on a vote at a meeting of unit holders. A number of investments were held through sub-trusts The Entertainment Fund and Richmond Equity Fund. Primary also took over these sub-trusts. Since then, Primary has conducted a work out, selling investments that were liquid and stabilising others. Primary has also brought a number of legal claims.
Low Volume Market
Unit holders wishing to sell and anyone wishing to buy units may do so via our Low Volume Market.
Important Note
For the Fund, at the end of June 2020, Primary Securities Ltd agreed with the co-owners and manager of the Cottesloe Beach Hotel (CBH) not to obtain a formal valuation for CBH as an accurate valuation would be difficult to obtain due to the ongoing impact of COVID-19, and also to save the costs of a valuation. Owing to a lack of alternative means of determining the fair value of CBH under these circumstances, it is not possible to determine whether any adjustments are required to the carrying value of the Fund’s investment in REF.
Current Valuation
The unit value as at 31 October 2021 was $0.0716
Unit holders should note that this unit value is our best estimate of one half of the total value of the Cottesloe Beach Hotel plus cash held. It is not necessarily the value of Richmond Equity Fund’s one half interest in the partnership which owns and runs the Cottesloe Beach Hotel, the subject of a detrimental management agreement in favour of the other partner. This agreement, because of its detrimental character, will reduce the value of the unit price.
Historical Unit Prices
30 September 2021 was $0.0717
31 August 2021 was $0.0718
31 July 2021 was $0.0719
30 June 2021 was $0.0697
31 May 2021 was $0.0685
30 April 2021 was $0.0686
31 March 2021 was $0.0687
28 February 2021 was $0.0678
31 January 2021 was $0.0664
31 December 2020 $0.0639
30 November 2020 $0.0633
31 October 2020 $0.0634
30 September 2020 $0.0633
31 August 2020 $0.0686 (Refer to Important Note above)
31 July 2020 $0.0688
30 June 2020 $0.0690
30 June 2019 was $0.0803
30 June 2018 $0.0856
30 June 2017 $0.01805
30 June 2016 $0.2898
Financial Report
Financial report for the year ended 30 June 2021
Financial report for the year ended 30 June 2020
Financial report for the half year ended 31 December 2019
Financial report for the year ended 30 June 2019
Financial report for the half year ended 31 December 2018
Financial report for the year ended 30 June 2018
Registry
For all registry matters including change of address and transfers of units, please contact Primary Securities on (08) 9430 5262 or email: registry@primarysecurities.com.au.
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