Originally Posted by
Daytr
I've been thinking about the sales margins which are a lot higher than the company's own forecast not that long ago.
To be able to still get 31% margin on new builds?
The number doesn't pass the sniff test to me in the current market.
So it begs the question instead of cutting prices as much as OCA predicted, what incentives are they offering & where will these show up in the accounts in future?
A year free of body corporate fees perhaps?
Maybe more?
If this is the case, what impact will it have on the day to day operating cashflow that was negative $40M in the last year?
Also if this is the case as For Bar theorized, I would hope that OCA were transparent about it.
This industry or OCA really needs to clean up their act in regards reporting. It's unnecessarily overly complicated which raises suspicion in itself.