ApexHi maintains high trading volumes

Posted On Thursday, 03 June 2004 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

ApexHi Properties Limited has continued to maintain high trading volumes, with more than 50% its units in issue trading in the nine months ended 31 March 2004.

Gerald LeissnerThe volumes of both A’s and B’s traded at similar levels, demonstrating the high level of tradability of units. 71 560 441 ApexHi A units were traded, while 72 041107 B units traded in the nine months.

“Liquidity is particularly important for ApexHi as it gives our vendors comfort when we purchase properties for a combination of cash and ApexHi units,” says ApexHi CEO Gerald Leissner.

“In addition, because of ApexHi’s unique structure and tradability, our shareholders may trade between units from time to time as market conditions and personal circumstances change,” he says.

ApexHi’s substantial growth since being launched has contributed towards the increase in liquidity. The portfolio has grown from R257 million when originally listed, to its current R2,8 billion.

Last modified on Tuesday, 13 May 2014 11:29

Most Popular

SA property visionary John Rabie announces new global property joint venture

Mar 15, 2021
LX_LIVING_Lisbon_Portugal
Capital, the Geneva based property investment, development and asset management-business,…

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Court finds against EAAB in battle for FFCs

Mar 16, 2021
Tony C
In a scathing judgement handed down from the High Court on 15 March, the failure of the…

KZN residential property market poised for upswing

Mar 15, 2021
Sershin_Moodley_TUHF
Over the past three years, the KwaZulu Natal (KZN) property market has enjoyed…

SARB to hold but is a rate hike around the corner?

Mar 16, 2021
SARB_to hold_rate_hike
The South African Reserve Bank (SARB) is set to hold the repo rate at the 23-25 March…

Please publish modules in offcanvas position.