Hopefully the reduction and potential future in interest rates is giving sales a boost.
I guess in the near term we will get an update and it will be interesting to see how they have utilised the extra cash to maximise shareholder returns.
At least the directors are still buying hopefully they look after all shareholders as mentioned below.
"The Board of Directors has elected not to declare an interim dividend at this time, instead focusing on strategically managing cash flow from the continued selldown of completed stock and investment property assets. This cash position enhances Finbar’s financial flexibility, reinforcing its ability to pursue value-creating initiatives.The Board remains committed to maximising shareholder value and will carefully assess the optimal deployment of these funds. This will include the resumption of dividend payments later in the financial year, reinvestment into new growth opportunities, and other capital management strategies. Finbar will maintain a disciplined and proactive approach to capital allocation, ensuring the Company is well-positioned to seize emerging opportunities while delivering sustainable shareholder returns."
CWP is performing well hopefully FRI is doing the same.
FRI Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
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