Originally Posted by
Daytr
The result is probably better than I expected.
Definitely mixed and sales, resales & revaluation saved the day.
Increase in NTA up 6.7%.
Operating losses increased by 20M which ain't good. Refer P49 top right
The double dipping strategy on DMF for Villas & Care suites should bear fruit over time as long as the Government review on the sector doesn't call it out as double dipping
I see the value of in development has dropped substantially as they have completed units, but it also suggests they are cutting spending on development of new units which could impact the next year's result. It's probably the right thing to do, otherwise debt would have increased substantially.
Pretty muted reaction from the stock market that's for sure.
Has anyone seen anything on margin on sales?