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| AUSTRALIAN PROPERTY SYSTEMS LIMITED
(ISSUER) |
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Trading Code:
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APO
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ISIN:
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AU000000APO2
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Security Description: |
Australian Property Systems Limited FPO |
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Offer Document: |
apo-im20020826.pdf
The Offer document is made available here for information purposes only.
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| Issue Description: |
01 - Ordinary |
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Security Type: |
Equity |
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| Off Market
Nexus: |
02 - NSW |
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| Certificated: |
0 - Uncertificated |
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| Issuer
Sponsor: |
1 - Issuer Sponsored
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| Deferred
Delivery Indicator: |
0 - Not Deferred |
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| Settlement: |
Chess T+3
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| Security
Status: |
Active |
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| Security
Started Trading on: |
Tuesday, October 01, 2002 |
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| Previous
Security Codes: |
None |
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| Previous
Security Effective Dates: |
None |
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| Shares on
Issue*: |
50,014,000 |
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| Original
Issue Price: |
$0.20 |
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| Earnings
Per Share*: |
0.00 |
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Dividends
Per Share*:
(cents) |
116.00 |
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| Asset
Backing*: |
0.00 |
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| Additional
Information: |
APSL is based in Brisbane and it provides property development management services utilising a proprietary Patented system (�the System�), under license, which substantially reduces the risks associated with property development.
The system comprises a suite of software and other proprietary systems which defines and process managed the various roles of stakeholders in a property development transactions, enabling APSL to act as a Development Manager and earn a monthly development fee and a fee on the settlement of the sale of all strata titles created under the transaction.
Traditionally, strata title properties have been offered to investors through real estate agents. APSL, through its development management role, has developed an additional sales channel, by way of licensed investment advisors.
APSL�s durable competitive edge over traditional property developers is that a traditional developer is focused on bringing strata title properties to market with the objective of maximizing profitability within external funding constraints. In contrast, APSL delivers a defined return to the Land Owner, a defined return to the end purchaser and also delivers a better quality building to the end purchaser. This is achieved by eliminating the development profit that would ordinarily accrue to the developer of the project and the elimination of the incentive to achieve extra profit from cutting corners during construction.
APSL has applied for a waiver from the NSX pertaining to Listing Rule 4.4(2)(i)(a) - Section IIA. This waiver is attached as part of this application.
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* as at Balance Date
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SECURITY
DETAILS 
