With their plans to smooth out earnings in the future laid out in their institutional road show this week, we should see some institutional support, as they are conservatively geared, fixed interest rates on their loans, no refinancing in the near future and already 2/3 of Oceanique development sold-revenue over $100m.
PBD should get support due to their development of quality homes on the WA waterfront, where prices are holding up well due to the resource boom continuing for many years to come.
PBD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
