STTCOMP SIO FA LONG Simmons group what do they do - Build houses in Australia for 75 years, Piqued my interest when it shot up on Friday with news it has acquired Dennis family homes. (DFH). 10 million dollar staged buyout that looks a nice deal indeed. DFH same operation have built over 30k homes over 40 years. The DFS bring with it near 300 homes under construction and 500 in the order book so that is expected to bring in 200 million earning for the FY26. Near 40% base growth for the business that has a Mkt cap of 70 million. Right business right time into a boom market with the shortage in Australia. Governments will be chucking big bucks into housing come the election, so timing is everything. Reasearch tells me a bumpy past and a few savage holders but looks about to turn. Recent board changes and sign the profit is starting to turn and are promising but this buyout should really kick this into gear. Unloved untraded and hardly talked about on its thread been a slow burner. Start piling cash in the door things can and will change.
