You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Devine Limited (DVN) is an Australian residential property developer offering affordable housing products in QLD, VIC and SA. DVN operates in home building, land development, medium and high-density residential developments, as well as office and hotel development. As at June 2011, DVN’s development pipeline included the equivalent of 16,000 allotments and dwellings.
Strategy Analysis: DVN's business strategy is focused on geographic and product diversification through organic and acquisitive activities. There will also be a continued focus on selling developed land to other builders and introduce new housing designs on its residential estates.
Devine reported NPAT of $20.19m for the year ended 30 June 2011. Revenues from ordinary activities were $425.17m, down 25.50% from last year. Basic and Diluted EPS were 3.20 cents compared to 1.80 cents last year. Net operating cash flow was $75.43m compared to $139.13m last year. The final dividend declared was 1.00 cents, taking the full year dividend to 2.00 cents compared with 1.00 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
Already a member? 
