is now pbd- amazing growth

PBD


Had a look on the weekend at some local seaside property about 1hr 20mins from Perth, a most amazing residential and canal development ,
Some properties right on the water under $400.000

The most annoying thing about it was our friend wrongway alerted us all to this development way back in Nov 02 when it was trading near the 8c mark

Follow the links and check this one out for yourself



http://www.menziescourt.com.au/pblsite/home.html


http://www.landstore.com.au/system/cgi-bin/public/puestvie.pl?EstateId=54


http://www.landstore.com.au/system/cgi-bin/public/puestvie_info.pl?EstateId=54





Port Bouvard lifts dividend to 6c on higher sales
11:11, Friday, 16 May 2003

Sydney - Friday - May 16: (RWE) - Port Bouvard Ltd today
announced it would pay a fully franked dividend of 6c a share.
This compares with its previous announcement on February 28 in
which directors mentioned the possibility of a 5c dividend.
The dividend is payable on June 30 with a record date of June
Port Bouvard said the increase in dividend is a result of the
higher sales achieved in each of its three precincts, which should
result in increased earnings.
Conditional and unconditional contracts as at April 30 exceeded
$65 million.
The company owns the Port Bouvard Project at Mandurah, about 75
kilometres south of Perth in WA.
The estate has been divided into three parts being Northport,
Southport and Eastport.
Shares in Port Bouvard were up 3c to 77c this morning.


Company Update

PORT BOUVARD LIMITED 2003-01-30 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
The Company is now assessing various plans for its hotel site at
Southport which did not settle as planned after being sold to a
Western Australian developer. The contract with the Western Australia
developer has now come to an end as settlement did not take place.

Now with the development of Southport gaining pace the value of the
hotel site has in the opinion of directors increased and therefore
alternative use and development of the hotel site is being
considered. This should result in considerable increased revenue and
profit to the Company when the plans have been completed, these plans
include resort style apartments and hotel.

At the same time the Company wishes to advise that work has now
progressed on Phase 2 of its Princeton Private Estate development.
This work is being carried out together with the Companys joint
venture partner. However, the Company is still negotiating for
selling its 50% share of the Princeton Private Estate development.


N J Kroyer
COMPANY SECRETARY







Change of Effective Date for New ASX Code

MENZIES COURT HOLDINGS LIMITED 2002-11-21 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Please be advised that the effective date for the Company's new ASX
Code of PBD will now be the 5th December 2002, being the date after
completion of all the requirements in connection with the
consolidation of capital.

N J Kroyer
COMPANY SECRETARY
Change of name
--------------------------------------------------------------------------------
wrongway
Another perth spec buy menzies court is a property developer in mandurah wa and it looks like it is finaly back on track .
After checking out the development recently and looking at how the sales are going mct looks like hitting around 28 to 32 million in sales and around and a profit of 8 to 10 million it has a asset backing of .18 a share and looks to me to be undervalued a .065 cents am looking for this one to move to .12 .15 cents a share in the next few months.wrongway




MCT - menzies court --Posted 08/10/02--Member wrongway


--------------------------------------------------------------------------------
i visited port bouvard last weekend and they are well ahead of budget according to the sales manager in fact they have exceeded their 6 month target in the first three months .mct directors have stated that they are going to pay either a dividend or a capital return this year .wrongway
--------------------------------------------------------------------------------
Subject MCT -Posted 08/10/02 -Member eddievanhalen


Hi Wrongway,
I hold a large position in MCT and find the companies reporting very poor. If they would tell the market what they tell you then the shares may get some interest.
Their full year report came across as pretty poor and that's how the market reacted but when you check out what happened in the second half (read between the lines a bit) and how things are looking now,this stock is an absolute bargain. NTa is around 12c and full sale value more like 18c..........and the stock's at 8c. This half should be a ripper as you said..........just wish they'd do a better job of telling people how well they're going. With many years left in the project yet you'd have to expect 20c longer term but looks like we'll have to wait til Feb/Mar for them to tell the market what's going on!
Someone who understands what's going on has an order for 500k at 8c so this should support the next leg up hopefully.

Ed.


MCT -- 08/10/02 -Member wrongway

i think they will make an announcement on a dividend later this month when the satterly group excersise their option for the second stage of the stirling lakes project which is a near certainty with the way the land at stirling lakes is walking out the door.
wrongway
__


MENZIES COURT HOLDINGS LIMITED
- ORDINARY Last: 6.3

52-Week Range: 4-7.5

Current Bid: 6.4
Current Ask: 6.9
Total Class Issue: 315,558,098
CHESS Eligibility: CHESS eligible
Net Tangible Assets ($/share): $0.11
Code: MCT Div. Payable Date: 27-Mar-2002
Open: - Ex. Div. Date: -
Day High: - Franked Pct: 0%
Day Low: - Status: Normal
Trades: 0 Earnings/Share: -0.35
Volume: 0 Div. Rate/Share: 0
Value: $0 P/E: -
Market Cap (Undiluted): 19,880,160
Industry Sector: Developers & Contractors

Industry Group: Property Development Manager

Agreement gives green light to Stirling Lakes Project

MENZIES COURT HOLDINGS LIMITED 2002-04-22 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Enclosed please find a Media Release which the Company has today
released. This Media Release covers further details on the agreement
with the Satterley Syndicate regarding Stirling Lakes. Further the
Media Release also covers the advice that the Company will only focus
on Port Bouvard with the surplus cash returned to shareholders as
dividends and/or capital return over the next five to seven years.


N J Kroyer
COMPANY SECRETARY


MEDIA RELEASE

Menzies Court Holdings Ltd is likely to relinquish its interest in
the Stirling Lakes residential property development project in
October after settling an agreement last week with the Satterley
Syndicate.

The Satterley Syndicate secured an interest in the Stirling Lakes
development after injecting $24 million into the project.

Under the agreement, Satterley can exercise its option to acquire
Menzies Court's equity in the project before October 19.

The settlement relieves Menzies Court of a number of liabilities
associated with the Stirling Lakes development and if, as expected,
Satterley exercises its option, Menzies Court would receive proceeds
totalling some $12 million by the end of the project.

The funding enables the commencement of Phase 1 at Stirling Lakes,
comprising 226 lots. The first lots are expected to be completed and
have titles available within three months.

The seven-year project will see the development of some 700
residential lots ranging in size from about 440 sqm to 600 sqm. The
estate includes a landscaped lakes system that provides substantial
access to high quality, landscaped public open space surrounding the
lake system, whilst still providing many lots with a "dress circle"
view of the lakes and landscaping. The northern most lake provides
some lots with full lakeside frontage.

The market price of the lots reflects the estate's close proximity
and easy access to the Perth CBD, together with the overall standard,
facilities offered, finish of the estate, and the relative pricing of
other adjacent developments.

Menzies Court Managing Director, Mr Ross Neumann, said the agreement
secured the final funding necessary to bring the first phase of the
Stirling Lakes project to life.

"It also sets up an excellent opportunity for the syndicate members
to access the second phase of the estate within a reasonably short
period of time," he said.

"The deal is a big plus for Menzies Court because it will assist in
releasing some cash flow to support our major continuing developments
at Port Bouvard in Mandurah, while underpinning the value of the
Stirling Lakes asset for the Company."

Nigel Satterley, Executive Chairman of the Satterley Property Group
said the Stirling Lakes project was very well located and would
become one of Perth's premier residential estate in its category.

"The project will deliver well-priced but very high quality
residential lots within a beautifully landscaped estate and still be
so close to the CBD with fantastic access to the freeway. The
Satterley Property Group are delighted to be associated with the
project in such a major way," he said.

PORT BOUVARD

Mr Neumann said the settlement with the Satterley Syndicate enabled
Menzies Court to only focus its activities on its successful Port
Bouvard project, where over one-third of the 2,200 available lots had
already been sold.

As a result of better-than-forecast sales, the Company had brought
forward commencement of the next stage of its Eastport estate,
comprising another island canal development.

The Company had also finalised financing for the start of Southport,
with completion of the first stage of the estate, comprising 88
single resident a lots, due in September.

Mr Neumann said that about $10 million had been received from the
sale of residential lots and for the five-star resort hotel site
planned at Southport. These funds would of fully cover construction
costs for the first phase of Southport, comprising infrastructure and
underground servicing for the residential lots, and for construction
of the first nine holes of the integrated golf course, which was
expected to open in November next year.

The Marriott Hotel group had agreed to manage the 180-room
international-standard hotel to be built at Southport, with the site
sold recently to a West Australian developer. The hotel is expected
to be fully operational by late 2004. Mr Neumann said the hotel is a
big coup for Port Bouvard and will be a huge boost locally in
Mandurah by creating many needed jobs.

Menzies Court expects to sell all the remaining lots in Port Bouvard
over the next five to seven years with the surplus cash returned to
shareholders as dividends and/or capital return.

FINANCE

Mr Neumann said the Company was expected to have a land bank value of
about $70 million by the end of the current financial year.

Currently, the net tangible asset backing of the Company calculated
on book value was 12 cents per share. However, land at value
represent net asset of 18 cents per share after tax.

Mr Neumann said: "One of the areas of fundamental profitability of
the Port Bouvard estate is that the original acquisition price of the
undeveloped estate was low. Further, the project is enjoying some
escalation in sales prices as new stages are developed, supported by
a general growth in demand for good properties in the Mandurah
region."

For further information please contact
Ross Neumann (08) 9368 6200





Agreement gives green light to Stirling Lakes Project

MENZIES COURT HOLDINGS LIMITED 2002-04-22 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Enclosed please find a Media Release which the Company has today
released. This Media Release covers further details on the agreement
with the Satterley Syndicate regarding Stirling Lakes. Further the
Media Release also covers the advice that the Company will only focus
on Port Bouvard with the surplus cash returned to shareholders as
dividends and/or capital return over the next five to seven years.


N J Kroyer
COMPANY SECRETARY


MEDIA RELEASE

Menzies Court Holdings Ltd is likely to relinquish its interest in
the Stirling Lakes residential property development project in
October after settling an agreement last week with the Satterley
Syndicate.

The Satterley Syndicate secured an interest in the Stirling Lakes
development after injecting $24 million into the project.

Under the agreement, Satterley can exercise its option to acquire
Menzies Court's equity in the project before October 19.

The settlement relieves Menzies Court of a number of liabilities
associated with the Stirling Lakes development and if, as expected,
Satterley exercises its option, Menzies Court would receive proceeds
totalling some $12 million by the end of the project.

The funding enables the commencement of Phase 1 at Stirling Lakes,
comprising 226 lots. The first lots are expected to be completed and
have titles available within three months.

The seven-year project will see the development of some 700
residential lots ranging in size from about 440 sqm to 600 sqm. The
estate includes a landscaped lakes system that provides substantial
access to high quality, landscaped public open space surrounding the
lake system, whilst still providing many lots with a "dress circle"
view of the lakes and landscaping. The northern most lake provides
some lots with full lakeside frontage.

The market price of the lots reflects the estate's close proximity
and easy access to the Perth CBD, together with the overall standard,
facilities offered, finish of the estate, and the relative pricing of
other adjacent developments.

Menzies Court Managing Director, Mr Ross Neumann, said the agreement
secured the final funding necessary to bring the first phase of the
Stirling Lakes project to life.

"It also sets up an excellent opportunity for the syndicate members
to access the second phase of the estate within a reasonably short
period of time," he said.

"The deal is a big plus for Menzies Court because it will assist in
releasing some cash flow to support our major continuing developments
at Port Bouvard in Mandurah, while underpinning the value of the
Stirling Lakes asset for the Company."

Nigel Satterley, Executive Chairman of the Satterley Property Group
said the Stirling Lakes project was very well located and would
become one of Perth's premier residential estate in its category.

"The project will deliver well-priced but very high quality
residential lots within a beautifully landscaped estate and still be
so close to the CBD with fantastic access to the freeway. The
Satterley Property Group are delighted to be associated with the
project in such a major way," he said.

PORT BOUVARD

Mr Neumann said the settlement with the Satterley Syndicate enabled
Menzies Court to only focus its activities on its successful Port
Bouvard project, where over one-third of the 2,200 available lots had
already been sold.

As a result of better-than-forecast sales, the Company had brought
forward commencement of the next stage of its Eastport estate,
comprising another island canal development.

The Company had also finalised financing for the start of Southport,
with completion of the first stage of the estate, comprising 88
single resident a lots, due in September.

Mr Neumann said that about $10 million had been received from the
sale of residential lots and for the five-star resort hotel site
planned at Southport. These funds would of fully cover construction
costs for the first phase of Southport, comprising infrastructure and
underground servicing for the residential lots, and for construction
of the first nine holes of the integrated golf course, which was
expected to open in November next year.

The Marriott Hotel group had agreed to manage the 180-room
international-standard hotel to be built at Southport, with the site
sold recently to a West Australian developer. The hotel is expected
to be fully operational by late 2004. Mr Neumann said the hotel is a
big coup for Port Bouvard and will be a huge boost locally in
Mandurah by creating many needed jobs.

Menzies Court expects to sell all the remaining lots in Port Bouvard
over the next five to seven years with the surplus cash returned to
shareholders as dividends and/or capital return.

FINANCE

Mr Neumann said the Company was expected to have a land bank value of
about $70 million by the end of the current financial year.

Currently, the net tangible asset backing of the Company calculated
on book value was 12 cents per share. However, land at value
represent net asset of 18 cents per share after tax.

Mr Neumann said: "One of the areas of fundamental profitability of
the Port Bouvard estate is that the original acquisition price of the
undeveloped estate was low. Further, the project is enjoying some
escalation in sales prices as new stages are developed, supported by
a general growth in demand for good properties in the Mandurah
region."

For further information please contact
Ross Neumann (08) 9368 6200




_______________________________________________

Half Yearly Report & ASIC Half Yearly Accounts

MENZIES COURT HOLDINGS LIMITED 2002-03-15 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
ANNEXURE A

The Company is in the process of finalising the transaction
documentation for the funding arrangement between the JV and a
syndicate (the "Syndicate") headed up by Satterley Property Group
("Satterley").

The funding to be provided by the Syndicate will allow phase 1 of
Stirling Lakes to be completed. Phase 1 will consist of 226 lots in
the northern and northwestern parts of Stirling Lakes. Satterley will
be contracted to do the marketing and project management of the
phase.

On settlement of the finance for phase 1, the Syndicate will have an
option, exercisable within 6 months, to acquire the Company's share
in the balance of the development. Therefore, the Company will
continue to hold an investment in phase 1, receiving its share of the
net profits from that stage.

As part of the option agreement, the Company expects to recover its
loan to the JV from the balance of the development over which the
Syndicate has exercised its option. Therefore, if the option is
exercised, the Company expects to recover its full investment and
loan receivable over the life of the project. As the life of the
project is expected to be approximately 6 years, the Company has
determined that the recoverable value of the loan receivable is the
net present value of the future cash flows. The discount rate used to
determine the present value of the cash flows was the current
weighted average borrowing cost of the Company, of 7.8%. This has
resulted in the Company providing $2.5 million against the loan
receivable balance as at 31 December 2001.

If the Syndicate do not exercise the option, the Company will have to
consider the feasibility of continuing in the JV under the current
arrangement or whether to sell the balance of the project at that
stage to another interested party. While the Company has had some
interest from other parties, the Company is unable at this stage to
assess the likely outcome.

MORE TO FOLLOW
_______________________________________________

Stirling Lakes Project

MENZIES COURT HOLDINGS LIMITED 2001-12-07 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
The Company's has re-structured its arrangements with regard to its
investment in the Stirling Lakes Project at Karrinyup Road, Stirling
("the Project"). The Company has increased its investment in the
Project to 50% and has taken legal control of the associated
companies which own the land.

A syndicate led by the Satterley Group including other prominent
Perth businessmen have agreed to provide finance to acquire the land
associated with Phase 1 of the development. Funding will be provided
by the Satterley syndicate to carry out the earthworks and civil
works and contribute to finance costs for the Project as a whole. The
Satterley syndicate will take on responsibility for marketing and
project management of the site and will use their extensive marketing
skills to promote and sell the developed lots.

Phase 1 will comprise approximately 226 lots, two large public open
spaces and two lakes.

Within 6 months of signing the agreement the Satterley syndicate have
an option to acquire the Company's 50% stake in the remaining land
consisting of approximately 490 lots.

In the event of the Satterley syndicate not exercising their option
Menzies Court have a two way option arrangement where the Company can
either buy out its joint venture partners interest in the land, or be
bought out by its joint venture partner. In the event of either party
being unwilling to purchase the land, the land will be sold
undeveloped, but with the earthworks and civil works of Phase 1
complete which should enhance the value of the undeveloped land.

During the 6 months the Satterley syndicate will commence the
Project, MCHL will continue to provide governance and assistance to
the project management team provided by Satterley.

The purchase of Phase 1 land by the Satterley syndicate releases MCHL
from joint and several guarantees, and also repays loans previously
supported by MCHL in respect of those parcels of lard covered by
Phase 1.

This transaction when completed will free up cash flows that can be
applied to the Company's flagship project at Port Bouvard.

The Company anticipates finalising all necessary documentation during
December 2001 and expects to settle the funding package by the end of
January 2002.

N J Kroyer
COMPANY SECRETARY

_______________________________________________

Questions raised at AGM

MENZIES COURT HOLDINGS LIMITED 2001-11-30 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
At today's Annual General Meeting questions were raised regarding the
future direction of the Company, particularly in relation to its
involvement wth Stirling Lakes. Mr Parrott, Chairman of the
Directors, advised that the investment in Stirling Lakes had been a
disappointment for the Company. The Company and its Directors have
been working on finding a solution to the Company's ongoing
investment in Stirling Lakes. The Company expects to announce a
resolution to the Company's involvement with the Stirling Lakes
Project within the next couple of weeks.

Further the Company advised in reply to a question, that it estimates
that its net tangible asset backing at valuation is approximately
17cents per share depending on the valuation method used.

N Kroyer
COMPANY SECRETARY


_______________________________________________


Response to AFR article re Port Bouvard and Stirling Lakes

MENZIES COURT HOLDINGS LIMITED 2001-12-05 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
We refer to yesterday's newspaper article in the Australian Financial
Review where the Company was incorrectly quoted and from where it
could be inferred that the Company's prime project at Port Bouvard
had put financial constraints on the Company. We wish to reiterate
that Port Bouvard is highly successful and very profitable to the
Company. The Company had experienced difficulties with its Stirling
Lakes joint venture project which had held back developments at Port
Bouvard. Sales for the 5 months ending 30th November 2001 at Port
Bouvard amounted to approximately $16 million.

As reported in our announcement of 30th November 2001 the Company is
working on resolution to the Company's investment in Stirling Lakes.
The Company has a couple of offers on hand which it is now
investigating and negotiating. We expect to make an announcement in
this respect within the next couple of weeks.


N J Kroyer
COMPANY SECRETARY



Annual Report & Top 20

MENZIES COURT HOLDINGS LIMITED 2001-10-29 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
DISTRIBUTION OF EQUITY SECURITIES AS AT 21/08/2001


RANGE OF HOLDINGS ORDINARY
SHARES

1 - 1,000 22
1,001 - 5,000 97
5,001 - 10,000 133
10,001 - 100,000 540
100,001 and over 238

TOTAL 1,030


TOP TWENTY LARGEST SHAREHOLDERS AS AT 21/08/2001


NAME NUMBER %

Tower Trust Limited 37,028,324 11.73
Sierra Bay Pty Ltd 32,401,758 10.27
Riverman Holdings Pty Ltd 21,244,526 6.73
Kim-Siew Loo 20,000,000 6.34
Promtek (Australia) Pty Ltd 17,463,156 5.53
Redbrook Nominees Pty Ltd 16,390,786 5.19
Troika Securities Limited 14,039,984 4.45
Bridgeway Enterprises Pty Ltd 7,470,986 2.37
Silverkey Corporation Pty Ltd 7,142,858 2.26
Greystoke Holdings Pty Ltd 5,000,000 1.58
Newport Securities 4,500,000 1.43
Perpetual Trustee Company Ltd 4,152,500 1.32
Cotswold Investments Pty Ltd 4,000,000 1.27
Westessa Holdings Pty Ltd 3,219,828 1.02
Luke Saraceni & Maree Ann Saraceni 2,700,000 0.86
Ross James Neumann 2,628,222 0.83
Nefco Nominees Pty Ltd 2,516,000 0.80
Topsfield Pty Ltd 2,387,766 0.76
Kailis Consolidated Pty Ltd 2,313,682 0.73
The Sports Cafe Australia 2,307,694 0.73

TOTAL 208,908,070 66.20


A full copy of the Annual Report is available for purchase from ASX
Customer Service on 1 300 300 279. Charges apply.