Ann: FY22 Full Year Results Presentation, page-5

Appear you're not as enthused as CWP indicate:

Aug 25 (Reuters) - Cedar Woods Properties (CWP) :

• FY22 NPAT OF A$37.4 MILLION , UP 13.9%
• FULLY FRANKED FINAL DIVIDEND OF 14.5 AU CENTS PER SHARE DECLARED
• GROWTH IN EARNINGS EXPECTED IN FY23
• FY REVENUE AT A$333 MILLION, UP 11.1%
• FY23 EARNINGS ARE EXPECTED TO BE WEIGHTED TO SECOND HALF
• NEW PROJECTS ARE EXPECTED TO CONTRIBUTE TO EARNINGS FROM FY23

indications are that the 1st half might pull back, to be recovered in 2nd half?

They appear to have covered themselves in a rising cost environment & supply shortages - going forward 1st home buyers are accessing more favourable Govt. support, there is also the inter-generational transfer of wealth - I've heard of a number of 1st home buyers gaining finance from parents - these financing supports may assist home buyers throughout the rising interest rate period?

I've topped up on the pullback expecting CWP to be true to their word. If they issue similar div's into 2023, 14.5 cents fully franked, potentially x 3 in 13 months isn't to be scoffed at?