Yes, when all other property companies are reporting falling...

Yes, when all other property companies are reporting falling sales in FY19, VLW are holding to their FY19 outlook after four months of FY19 sales. I like their Balance Sheet and their smart use of cash. They have stated no major acquisitions in FY19, so much of the sales settled can go towards debt reduction. By my rough calculations they can reduce debt by between $30m and $50m in FY19. In any event they have carefully structrured their debt so there isn't any near termed debt roll-over to worry about.

The only (small) matter I would say about the AGM announcements was the absolute "love-in", feel-good statement by the Chairman. He must have rushed straight from a hippy retreat to give his speech. Utter BS...Mark, concentrate on "Show Me The Money"