Oh dear, via the ASX:
Seems to me that the wrong folks are getting boned. But if your name is above the door then I guess it ain’t easy to get rid of you.
More widely, the phrase “half year earnings have been adversely affected by underperformance in the Company owned sales division, including Project Marketing” is making me wonder just how fast the property development market is falling apart.
Given the number of screaming developers and project marketers to Chinese investors recently, and the collapse in HIA apartment sales, I wonder if the Dastayari Affair has not suddenly intensified the draw down in Chinese interest.
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