Land holdings going forward are a little low and certainly struggling on the aqusition side , which is getting quite difficult . On a positive note profits flowing though from current sales I think will be above projections , density projects ( medium density ) in outter Melbourne have been scrapped and just the land will be sold , this will also drive profits .
The gradual turnaround in the Melbourne Appartment business , should bring forward some projects and certainly some scope there ..Looking pretty good IMHO ..would like to see some movement on the aquasition front for future results . A very good company however .
In property I think MFT has quite a bit of scope and a lot coming up ..good management , quite progessive .
Currently in property I hold MFT and SDG . ALZ looking good for holders , best in a while I think.
ALZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
