ASX Announcements
Market Sensitive
AGM 2024-Chairman and Managing Director Addresses
Chairman's Address to Shareholders
- Nov 28, 2024
- 6 pages
Market Sensitive
All Cash Proposal from AVID to Acquire AVJennings
Scheme of Arrangement, Indicative Non-Binding Proposal, Takeover - Timer Applied
- Nov 28, 2024
- 5 pages
November 2024
AVJennings to go private after mega private equity bid
The takeover offer from Proprium, which is backed by the company’s board, values the major home builder at $374 million, double its market capitalisation.
- Michael Bleby
August 2024
Home building goes backwards as infrastructure booms
Developers and economists say conditions might improve soon for detached homes, but there’s no sign of any change that would get apartments going up again.
- Michael Bleby
November 2023
Melbourne Cup rate rise ‘killed’ buyer confidence, AV Jennings says
The head of one of the country’s oldest developers is blunt about the effect of rate rises – and the RBA governor’s latest comments – on consumers.
- Michael Bleby
February 2023
AV Jennings says rate rises slashing demand
Even as it said the longer-term demand for housing was strong, the builder called for more government support for homebuyers.
- Michael Bleby
February 2021
AVJennings revenue falls but forecasts better second half
Sales were up but revenue was down for home builder AV Jennings which is expecting a positive end to the financial year.
- Martin Kelly
August 2020
Underlying demand for housing still strong: AVJennings
AVJennings had its biggest sales week in two years at the end of February before the pandemic hit. But underlying demand is still there, says chief executive Peter Summers.
- Larry Schlesinger
May 2020
ASX closes higher; Fortescue hits record; $A storms above US67¢
Australian stocks started the new month with a 1.1 per cent rally on Monday. Iron ore miners shine, as banks bounce off lows. Fortescue now bigger than Woolworths.
- Robert Guy, Vesna Poljak, William McInnes, Sarah Turner and Tom Richardson
May 2020
AV Jennings scraps forecast of a stronger 2020
Veteran home builder says sales and inquiry levels continue, but are lower than anticipated.
- Michael Bleby
February 2020
AV Jennings says housing in a 'shallow' recovery
Developer boosts gross profit margin as settlement revenue jumps.
- Michael Bleby
August 2019
Townhouses to drive AVJennings profit growth
"It's hard enough to get sites, so why not maximise the returns on our land bank by going further down the built form path," says AVJennings managing director.
- Larry Schlesinger
February 2019
AVJennings profit plunges 90pc as settlements stall
AVJennings profit plunged 90 per cent and managing director Peter Summers blamed "consumer confidence" amid "extreme" media coverage of the property downturn.
- Updated
- Larry Schlesinger
August 2018
Delays on housing projects hit earnings at AVJennings
Residential developer AVJennings has taken a 7 per cent hit on revenue after delays and complications on some projects.
- Updated
- Nick Lenaghan
AVJennings reports revenue hit following 'complicated' NSW project
Residential developer AVJennings has taken a near 7 per cent hit on its revenue after complications at a NSW projects at Cobbitty In New Wales.
- Updated
- Nick Lenaghan
February 2018
AVJennings slows pre-sales for rising margins
Developer AVJennings will slow pre-sales at a Melbourne housing estate in order to capture better margins in the future.
- Updated
- Nick Lenaghan
August 2017
Profit slides at AVJennings as business mix shifts
Profits at residential developer AVJennings slipped as it swings its effort towards building away from creating land lots.
- Updated
- Nick Lenaghan
February 2017
AVJennings profit dips as business mix changes
Interim earnings at residential developer AVJennings drops as it shifts toward building housing from selling land lots.
- Updated
- Nick Lenaghan
August 2016
AVJennings romps home in traditional market
Residential developer AVJennings is riding the housing boom with a 9 per cent lift in profit.
- Updated
- Nick Lenaghan
January 2016
Pointcorp switches focus to house and land packages over inner-city apartments
Developers who tripled their money selling a $24 million property are sceptical about Brisbane's apartment boom and will diversify into houses and land.
- Updated
- Matthew Cranston
November 2015
Unhappy first birthday on the bourse for Simonds as housing is shunned
Homebuilder Simonds is about to mark its first year of trading as a publicly listed company with a share price that has shed value and a chief executive who is on the way out.
- Updated
- Michael Bleby