PXA continues to be a lossmaker, but this is understandable given the nascent nature of the UK subsidiaries and the 'challenging' year for Optima Legal in the UK given real dwelling investment growth there fell 7.5 per cent. Australia wasn't positive either with that metric coming inb at minus 1.9 per cent.
It's pleasing that the loss after tax reduced by 17.43 per cent.
Most forecast metrics were exceeded or met.
Page 15 shows some good indicators.
Page 18 shows how of the Australian states, Victoria is dragging the chain. Victoria has had a dysfunctional state Labor government since 2014 whose masters and mistresses (including Premier Jacinta Allan and woeful, whinging Treasurer Tim Pallas) believe that bashing property investors with 120 new regulations and massively increased land taxes is the way to go. That long term residents and businesses are fleeing Victoria suggests Labor is on the wrong track, but it is too arrogant to change its ways.
Page 22 shows a poor picture for the UK.
PXA continues to be a lossmaker, but this is understandable...
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$14.16 |
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Mkt cap ! $2.512B | |||
| Open | High | Low | Value | Volume |
| $14.20 | $14.28 | $14.10 | $2.151M | 151.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2349 | $14.16 |
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| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 1009 | 1 |
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