I was thinking that. Lower than what people were mentioning on here
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Right dog of a result. Not sure why they don't just use the funds from sales just to attack share count, far more accretive at a 40% discount to NTA then playing around burning money doing same old same old.
NPAT down $26m or 70% on pcp
Operating Cashflow $21m less or 40% on pcp
It's that cashflow bit that's a bit hmmmm
I don't think Maverick will be too impressed (like me)
hmmmm doesnt look like a good result from what i can tell. sales down, comprehensive income down, op cash flow down.
Some rather impressive figures on page 29 of the presentation.
Average development margin 32.2%
Average resale margin...........22.7%
Average resale gain per unit/care suite $99,613.