Villa World Ltd slumps on updated guidance for FY 19

  • Jul 26, 2018 AEST
  • Team Kalkine
Villa World Ltd slumps on updated guidance for FY 19
Guidance Update for FY19: Villa World Ltd (ASX: VLW) stock has fallen over 6% on July 26, 2018 after the company for FY 19 expects statutory profit after tax of approximately $40 million. This is based on assumption that revenue from certain stages of the Victorian projects Lilium (Clyde North) and Sienna Rise (Plumpton) projects will shift from FY19 to FY20, due to delays with planning authorities in Victoria. VLW had achieved 1678 sales for FY18 and planned to carry forward significant pre-sales into FY19 and FY20. However, there is a possibility that revenue from these projects may be delivered sooner than projected in FY19. Further, the group said that timing of revenue from the conditional sale of the Donnybrook site (VLW 51%, CVC 49%) to two separate purchasers, expected to be recognised in FY20, will not be expected. VLW stock has fallen 7.29% in three months as on July 25, 2018 but is trading at a P/E of 7.98x. Dividend Stocks To Buy The Income available from dividends remains attractive for many investors. We take a look at the best yields on the market and assess what they say about a company’s prospect. One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.” ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio. Click here to get your free report.
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