Not a healthy sign:
Tamawood customer enquiry slumps 80pc
12:17, Friday, 31 October 2008
Sydney - Friday - October 31: (RWE Australian Business News) -
Home builder Tamawood Ltd (ASX:TWD) today said the level of customer
enquiry and the payment of site investigation fees by prospective home
buyers had "slumped by an unprecedented 80pc" in the four months to
October, compared with the same period last year.
If sustained beyond March 2009, the decline in customer enquiry
will adversely affect Tamawood's 2010 financial year result.
However, the company has confirmed its previous guidance that
the 2009 year result is likely to be in line with the record $10.1m net
profit outcome achieved in 2008.
Tamawood said its strong balance sheet had allowed it to exploit
the current weak residential land market, where it had recently arranged
to acquire 30 residential lots "at very attractive prices on favourable
settlement terms".
customer enquiry slumps 80pc
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Last
$2.98 |
Change
0.060(2.05%) |
Mkt cap ! $112.3M | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.98 | $2.89 | $31.32K | 10.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3600 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 1341 | 2 |
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