Homes business is down 97 site starts on an annualised basis (1,224 for 1H FY17 vs. 2,545 for FY16).
Each site is worth approx. $32k to the bottom line, so that's a $3m hit to profit if the business doesn't deteriorate further over the next 6 months. That's in a supposedly booming market. Number of display homes has also fallen, and displays are the main driver of sales.
BAA is really struggling - graduate numbers (important indicator, as this is when BAA actually gets paid) are down 24% on an annualised basis.
Interesting to note the sustained high level of debt ($23m) which has not reduced over the past few months.
Very negative on this business...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.38M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69999 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 40000 | 1 |
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| Last trade - 16.12pm 17/06/2025 (20 minute delay) ? |
| SIO (ASX) Chart |
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