Cedar Woods, page-8

Theres obviously a reason why you 'used to' own this stock. Obviously you found its better to cash out or better investments in the market.

Multi-city = over 60% of their pipeline is in WA. Multi-city is a big stretch given this statistic. Also coupled with circa 3 years supply of residential in VIC and SA to most of their projects.

Multi-price point = price points are dictated by location. Net profit/returns are generally the same. a company of this size will always have a 'range of price points'. CWP could be selling $1m+ lots at 1,000 lots a year. Impossible. All public listed development companies have a range in price point. It is consistent with business in the industry.

Dwelling type = its all residential. so if residential s#*ts itself.. the entire portfolio will be affected. If interest rates rise, the entire portfolio will be affected. If construction costs rise, the entire portfolio will be affected. If price reduce, the entire portfolio will be reduced. If sales rates slow, the entire portfolio will be reduce.

The company is full of smoke and mirrors and nice slogan / catch phrases which the average person not in property would not see through.

All the best to the shareholders, but this is a leaky ship and tide is about to get rough for the next 2 years as a minimum.

AIMO
Newbie