Ann: Finbar Completes $164.7 Million Subi Strand Project, page-9

On one hand you have a company with a good track record of profitably building & selling developments. On the other you have the WA property market widely considered to be in the toilet on the back of a weakening mining sector. Macro vs micro analysis.

That Finbar have been buying new sites suggests they don't think the market is dead, and the buyback suggests cashflow is not a problem. Possibly a point on the downside is that they've been very tight-lipped about guidance, and the half-year report felt a bit heavy on work previously completed rather than things to come.

EOFY results will have the potential to move the price significantly, but I have no idea in which direction ;(