look , page-7

re: look out- trading halt read this from yesterdays ann


�� WWM have identified a number of acquisition opportunities, both rent roll businesses and
property management rights and is confident that these acquisitions will occur and
contribute to earnings in the current half.
“The Group will continue its acquisition strategy,” according to WWM Executive Director, Mr.
Kingsley Lamont. “To date, we have invested $10 million in the acquisition of real estate rent rolls
(residential property management)and $25 million in the acquisition of management rights. We
have clearly determined the numbers we need to drive economies of scale and increase
profitability from our rent roll and management rights businesses and continue toward our goals.
We are excited by the continuing opportunities that are in the management rights industry and will
invest a greater share of our acquisition dollar in this sector. Our aim across both the rent roll and
management rights businesses is to maximise income and manage expenditure to increase
profitability and shareholder returns.” he said.
Further information may be obtained by contacting, Craig Harris (Company Secretary) at
[email protected] or telephoning 03 98488504.