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...
- Forums
- ASX - By Stock
- Ann: Appointment of National Acquisitions Manager
It appears like management are s#*ting themselves... depleting...
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CWP (ASX) to my watchlist
|
|||||
Last
$4.95 |
Change
-0.040(0.80%) |
Mkt cap ! $411.2M |
Open | High | Low | Value | Volume |
$4.95 | $4.99 | $4.91 | $34.69K | 7.012K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1983 | $4.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.95 | 18075 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1983 | 4.920 |
1 | 916 | 4.910 |
1 | 58 | 4.890 |
1 | 2061 | 4.850 |
1 | 281 | 4.840 |
Price($) | Vol. | No. |
---|---|---|
4.950 | 18075 | 4 |
4.990 | 9558 | 1 |
5.000 | 18287 | 7 |
5.010 | 101 | 1 |
5.030 | 103 | 1 |
Last trade - 11.43am 15/08/2024 (20 minute delay) ? |
Featured News
CWP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online