Ann: AVJennings Reports Financial Results for 1H25, page-2

Simply put management are delusional:
- they do a hasty, massively diluted capital raising due to its funding issues
- they make $3.6m (down on prior year) while they settle 325 lots (20% higher than last year)
- they are making effectively $11k per lot sold, which based on average sales of $400k per lot, that equates to 2.7% net margin
- they talk about discipled capital management

and then they are still "considering" a 1H25 dividend (not declared yet at least).

GUYS...POINT BLANK......ANY DIVIDEND SHOULD BE OFF THE TABLE. NO FURTHER DISCUSSION.