Edition:
United States

Villa World Ltd (VLW.AX)

VLW.AX on Australia Stock Exchange

2.26AUD
22 Jun 2017
Change (% chg)

$0.02 (+0.89%)
Prev Close
$2.24
Open
$2.25
Day's High
$2.26
Day's Low
$2.23
Volume
399,640
Avg. Vol
254,978
52-wk High
$2.55
52-wk Low
$2.07

Latest Key Developments (Source: Significant Developments)

Villa World says agreed to purchase of two sites at Plumpton​
Monday, 12 Jun 2017 09:20pm EDT 

June 13 (Reuters) - Villa World Ltd ::‍Has agreed to unconditional purchase of two sites at Plumpton​.Total purchase price is $44million​.Projects are expected to commence contributing to company's profit in FY19.  Full Article

Villa World Ltd says Paulene Henderson resigns as CFO
Monday, 5 Jun 2017 01:08am EDT 

June 5 (Reuters) - Villa World Ltd :Company advises that it has accepted resignation of Paulene Henderson as chief financial officer.  Full Article

Villa World announces capital management initiatives
Tuesday, 21 Mar 2017 06:29pm EDT 

Villa World Ltd : Villa World announces capital management initiatives . $20 million underwritten institutional placement of new ordinary shares at $2.25 per share . Announces launch of an equity offer and a debt offer . Villa World expects to maintain FY18 EPS at FY17 level . Proceeds of equity offer and bond offer will give Villa World additional financial capacity to replenish and increase land stocks . Co's shares are expected to remain in trading halt until 10.00am (Sydney time), 23 March 2017 while placement is conducted .Is seeking to raise about $50 million under bond offer, by issuing 500,000 new unsecured debt securities with a face value of $100 per bond.  Full Article

Villa World says purchase of a 42 hectare site at clyde
Monday, 6 Mar 2017 06:53pm EST 

Villa World Ltd : Asx alert-acquisition - clyde victoria-vlw.ax . Agreed to unconditional purchase of a 42 hectare site at clyde . Purchase price is $33million .Project is expected to commence contributing to company's profit in fy19.  Full Article

Villa World targets H1 2017 NPAT of $19.5 mln to $21.4 mln
Monday, 5 Dec 2016 11:00pm EST 

Villa World Ltd " : Company anticipates fy17 net profit after tax growth of at least 5% ($35.4 million) . "it is intention of board to continue payment of dividends in accordance with stated payout policy of 50 - 75% of npat, paid semi-annually" . company is targeting net profit after tax (unaudited) for 1h17 of approximately $19.5 - $21.4 million .Villa world ltd - 1h17 guidance-vlw.ax.  Full Article

Villa World says Silverstone litigation resolved
Wednesday, 31 Aug 2016 07:54pm EDT 

Villa World Ltd : Silverstone litigation resolved . Agreement in principle has now been reached between all parties for the resolution of the proceedings . Contribution to proposed settlement expected to be within and not different from provisions made in co's financial statements .  Full Article

Villa World updates on silverstone litigation
Thursday, 11 Aug 2016 10:58pm EDT 

Villa World Ltd : Silverstone litigation . Says "the company rejects assertions in the aca story that it has taken no previous action in this matter" . Says "co does not consider it appropriate to comment in any detail on the complex matters which are in dispute before the court" . Has not caused any delays in the proceedings being brought to trial for final determination" . Litigation concerns issues at a residential building known as silverstone, tweed heads, NSW" .  Full Article

Villa World updates on acquisition Logan reserve
Sunday, 7 Feb 2016 05:28pm EST 

Villa World:Says Acquisition Logan reserve.Says agreed to the unconditional purchase of a site at Logan reserve, south of Brisbane, comprising seven adjoining parcels.Total purchase price is approximately $32 million with progressive settlements scheduled to occur during the second half of FY 2016.Says this will be funded from existing debt facilities and working capital.Says this development is expected to commence contributing to revenue during FY 2017.Says this acquisition forms part of our FY 2016 acquisition spend, which is forecast to be $145 million to $160 million.  Full Article

Villa World announces joint venture with Ausin Group
Monday, 19 Oct 2015 01:32am EDT 

Villa World:Entered into a joint venture for the land component of the development, with Ausin Rochedale Pty Ltd ATF Ausin Rochedale Trust.Says proceeds from the joint venture are expected to commence contributing to the company's revenue in FY 2016.  Full Article

Villa World Ltd announces sale of Eynesbury project
Tuesday, 13 Oct 2015 12:38am EDT 

Villa World Ltd:Entered into unconditional contracts for the sale of the Eynesbury project (in which the company holds a 50 pct interest).Settlement of the first $30million tranche (comprising part of the land and the golf course business) was completed on 27 June 2014.Settlement of the second $30million tranche, originally scheduled for 2 March 2015, was extended to 28 September 2015 and the price was increased to $33million.Payments totaling $15million have previously been made by the purchaser for the second tranche, and released to the Eynesbury joint venture.  Full Article

More From Around the Web

BRIEF-Villa World announces capital management initiatives

* $20 million underwritten institutional placement of new ordinary shares at $2.25 per share