It appears like management are s#*ting themselves... depleting land supply, no new acquisitions/buying during 'favourable' buying opportunity timing (accordingly to numerous CWP announcements), current highly competitive market with increase in purchase prices (slim margins), rejections/refusal of Development Approvals for their QLD projects.... they definitely have backed themselves in a corner...
Gov stimulus ceased for land lots, sales rates will be slowing as well...
Unfortunately given the industry the company is in with prolonged settlements, etc - the issues wont be apparent for couple years to come whilst management keep collecting their healthy wages and bonuses - as they did during COVID without any reductions....
Kicking the can mentality... until another excuse to drop profits by circa 50% and take years/decades to regain back to $45mil+ net profit.... by then a financial crisis will occur which they can blame it on to justify dropping profits again...
Too little to late? Or will a newly created role/personnel save the titanic - pressure will be on for him to perform...
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$5.61 |
Change
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Mkt cap ! $462.7M |
Open | High | Low | Value | Volume |
$5.51 | $5.64 | $5.51 | $228.8K | 40.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2650 | $5.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.61 | 2954 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2650 | 5.600 |
1 | 4588 | 5.510 |
1 | 91 | 5.500 |
1 | 185 | 5.380 |
1 | 690 | 5.370 |
Price($) | Vol. | No. |
---|---|---|
5.610 | 2954 | 1 |
5.680 | 5000 | 1 |
5.690 | 500 | 1 |
5.750 | 5164 | 1 |
5.800 | 4000 | 1 |
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