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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1 | 10612 | $4.57 |
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3 | 4241 | 4.550 |
1 | 2668 | 4.480 |
1 | 113 | 4.450 |
1 | 2200 | 4.430 |
Price($) | Vol. | No. |
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4.650 | 700 | 1 |
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