Seems like there are headwinds confirmed. Dropping property values, longer settlement times and increased staff costs. (along with concerns about there levels of clinical care). Lets hope there commitment to the environment doesn't prove to be a costly distraction.
Just what they expect to achieve by being "carbon Neutral" who knows? It certainly will make zero difference to CO2 concentrations and wont save a single polar bear.
Besides the warm fuzzy stuff about doing mystery shopping the really bad bit was confirming that over time ‘development margins to moderate in the 20%-25% range.’
Jeez 20% is a lot less than 32%
I reckon that means one year soon we will see a decline in underlying earnings
Hope the post meeting catchup some are having hasn’t turned into a wake.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Besides the warm fuzzy stuff about doing mystery shopping the really bad bit was confirming that over time ‘development margins to moderate in the 20%-25% range.’
Jeez 20% is a lot less than 32%
I reckon that means one year soon we will see a decline in underlying earnings
Hope the post meeting catchup some are having hasn’t turned into a wake.
Thought you and the whole bowling club would have been there.
Nice cup of tea and a scone.
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