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May 22, 2008

MAp's high fees, low transparency

Michael West

Far from its registered office at 35 Crow Lane East Broadway Paget, Hamilton, Bermuda, Macquarie Airports had its AGM in Sydney yesterday.

The usual bewilderment was professed from the executive and from the chair as to why MAp was so cheap; cheap that is in light of its net asset backing of $5 per unit. The stock closed at $3.15.

Full Story...

Posted by boyang at May 22, 2008 3:57 PM