DGX 0.00% 0.6¢ diploma group limited

I like the last sentence "Diploma will look to return to a full...

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  1. 3,400 Posts.
    I like the last sentence "Diploma will look to return to a full year dividend in FY15"
    HIGHLIGHTS from AGM

    Revenue and earnings outlook is positive with:
     A stable WA economy with low unemployment and positive net migration into WA
     WA has the strongest population growth in the country with population expected to double to 4.2M over next 30 years
     Low interest rates driving investment in affordable property market
     An underlying shortage of affordable accommodation in WA due to lack of commencement of medium density apartment projects over past three years Diploma is a well recognised brand in the market and:
     Has a core group of repeat clients which have secured extensive future pipeline projects over next 24 to 36 months
     Has been developing apartments in WA for 15 years and has the competitive advantage of an in house construction division
     Is trading in its core market which is on the cusp of following the east coast apartment surge Looking forward:
     Diploma will focus on delivery of its two Quest Hotel projects, both now under construction, and recycle capital of $20M+ into the Group
     Secure additional development opportunities to build pipeline in FY17 and FY18 in its core market of medium to high density apartments
     Diploma will look to return to a full year dividend in FY15
 
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