Aspen Group Limited · ASX:APZ
Aspen — Shareholder Meeting (November 2018)
7 slides from Aspen's shareholder meeting presentation, Nov 30, 2018
Slide 1: Clive Appleton (Chairman)
Clive Appleton (Chairman) Good afternoon ladies and gentlemen. My name is Clive Appleton - I am Chairman of Aspen Group Limited and it is my pleasure to welcome you to the 2018 Annual General Meeting. It is now 2:00pm, the time appointed for the meeting, and as we have a quorum, I declare the meetin
Slide 2: Transition process, guidance and Responsible Entity change
The transition process has seen Aspen sell its industrial property at Spearwood South in Perth, a development site in Queensland and most recently in August this year another development site in Perth. These disposals conclude the divestment of non-core assets. Development of our retirement assets h
Slide 3: Joel Cann (CEO)
Joel Cann (CEO) Thanks Clive and good afternoon everyone. FY18 saw Aspen Group make continuing efforts towards achieving its business plan and improving security holder returns. The business has managed to double its investment portfolio of core assets and divest all non-core assets over the past 24
Slide 4: Acquisitions
Acquisitions • During the 2018 financial year, Aspen completed the acquisition of 2 properties, namely Koala Shores near Newcastle NSW and Darwin FreeSpirit Resort in Darwin. Since our FY18 results were announced, Highway 1 in Adelaide has been added to the portfolio. • We have 2 existing tourism as
Slide 5: Development pipeline
Development pipeline • Development activity at 4 Lanterns is well underway with the 28-site expansion due for completion June 2019. Currently, we can report that 3 homes have obtained holding deposits and 3 homes have received full deposits ahead of settlement. • We recently commenced works at Tomag
Slide 6: Outlook
Outlook We expect growth in 1H FY19 earnings in-line with the acquisitions program which has contributed positively to the group result and helped to offset the loss of earnings from Spearwood South during the prior year. Current projections indicate distributable earnings in a range of 2.3 to 2.5 c
Slide 7: Disclaimer
Disclaimer This presentation has been prepared by Aspen Group (“Aspen”) and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anything in it shall form t