Ann: Appointment of National Acquisitions Manager, page-2

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...