city pacific , page-2

A case of guilt by association for poor old WTP. Uneducated investors see they are in the property business, thus any other company that has problems within the broader property sector will unfortunately have a rub off effect on WTP.

WTP have heaps of money in the bank, a massive order book accross several states to solid clients (mostly repeat & long term), an experienced board, and development projects to suppliment income.

This is not a 'house of cards' build on exotic debt structures, it is what you want in this economic climate - a boreing, old fashioned, highly experienced, conservative builder & developer.

The only bright spot about this current shareprice low is that those of us who chose to take our dividend as shares can look to receiving a few more than they might have expected. The price is struck by the VWAP of the shares for the period 29 Feb, 3rd, 4th & 5th March less 5%.