Aspen secures $35m for working capital
The ATO Building in Adelade, which Aspen says is on-time and on-budget.
Property developer and funds manager Aspen Group has borrowed $35 million from joint venture partner Telstra Super, in order to “undertake the realisation of value” from its interest in the under-construction ATO Building in Adelaide.
Aspen announced today that its Franklin Street Property trust, the holding vehicle for the ATO Building, had entered a $35 million convertible note facility with Telstra Super, repayable within three years at 10.5 per cent per annum.
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Aspen Group (APZ)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 144th | Aspen Group | -4% | -23% |
| 225th | Empired | -21% | 0% |
| 451st | Homeloans | -3% | 16% |
| 553rd | Merchant House International | -22% | -2% |
| 580th | ThinkSmart | -70% | -34% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Frank Zipfinger | 211,012 |
Number of shares
Revenue
| 54th |  | Merchant House International | $74.6m |
| 55th |  | Homeloans | $64.7m |
| 56th | | Aspen Group | $62.5m |
| 57th |  | Empired | $44.7m |
| 58th | | ThinkSmart | $39.7m |
166 WA listed industrial companies ranked by revenue
Remuneration from Aspen Group
| 1966th | Frank Zipfinger | $34k |
| 2140th | Hugh Martin | $16k |
| 2141st | Clive Appleton | $16k |
Ranked by total remuneration from all listed WA companies
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