Regeritated presentation as usual.Numbers are weak. - Net Profit...

Regeritated presentation as usual.

Numbers are weak.
- Net Profit down (even thought gross revenue is up); this shows a lower profit margin, and will continue to weaken given higher construction costs
- Earnings per share continuing to drop
- 3.7% dividend is very weak especially given where cash rate is. Company will need to increase yield fast or share price will plumet again
- As the company continues to harp on about... pre-sales mean nothing!!! its all about net profit!!!!! Pre-sales of $xxx million means nothing if profit is soo slim!!!
- I would love to know more about the JV with QIC.... what is the percentage, what is the capital required, how much profit to CWP???? So many unknowns
- Still only 80% in staff satisfaction ratings.... 1 in 5 are not satisfied at CWP... well below average!!!


I wonder if CWP have revalued their book value... given the massive increases in construction costs - i think a few projects would be struggling to achieve a return... i.e. Wooloowin which has had 2 failed launches and is new suing the environmental consultant on the project!!!


Overall lack luster again