ASX Announcements
SIO - Completion of Dennis Family Homes Acquisition
Asset Acquisition
Market Sensitive
Half Yearly Report and Accounts
Half Yearly Report, Half Year Audit Review, Half Year Directors' Statement, Half Year Accounts, Half Year Directors' Report
February
Home builders consolidate ahead of next bull run in housing demand
Big builders want to expand to shore up their position and boutique players will cater to wealthy buyers in a sector reeling after pandemic-era disruptions.
November 2024
ASX-listed builder slammed over ‘no divvy’ in clash with rival
Simonds’ biggest external shareholder, NEX, lodged a protest vote at the group’s AGM, setting the scene for the rivals to compete head-to-head.
March 2024
Home builders keep buyers in the dark about financials
Without clarity about builders’ financial positions, consumers could again unwittingly pay deposits to builders about to go under.
February 2024
Inside the bizarre plot to bring down home builder Simonds
Being publicly listed probably saved Simonds from potential ruin, after a social media post subjected the company to a savage and bizarre smear campaign.
Simonds defies falling new-home market with swing to profit
The turnaround in Australia’s home-building market is under way but in the short run, builders will increasingly compete for a smaller pool of new work.
December 2023
Home builders will compete for business in 2024
Profit margins are already weakening for many of Australia’s home builders and greater competition will make that worse.
October 2023
Simonds turns a quarterly profit after two years of losses
The ASX-listed builder says it is diversifying into other areas to make up for weakness in the traditional consumer-focused house-and-land market.
September 2023
New housing starts plunge 23pc as biggest builders struggle
The worst has passed for Australia’s home builders, but it’s not clear whether the demand is there to get the sector moving again.
August 2023
Home builder Simonds says consumer confidence is returning
The ASX-listed volume builder said housing starts fell 18 per cent in the year to June, but sales are now picking up.
June 2023
Simonds and Metricon pick up Porter Davis jobs worth $350m
The home-building company failed owing 1455 unsecured creditors a total of $71.5m. They are unlikely to receive any repayment, say liquidators Grant Thornton.
April 2023
Home builder Simonds cuts 10pc of staff
As construction industry insolvencies surge, the ASX-listed builder said it was cutting jobs, but was ‘very different’ to companies like Porter Davis.
February 2023
Soaring costs offset higher selling prices for home builder Simonds
The ASX-listed builder set a cautious tone, saying it was unclear how long higher borrowing costs would weaken affordability and consumer sentiment.
NXT Building Group moves into Victoria with Arden buy
The largest home builder in NSW has expanded south, but is doing so separately from ASX-listed Simonds Group in which it holds a major stake.
January 2023
Simonds family finds $12m buyer for Toorak new build
The sale came after the family had to dip into its own pocket to underwrite a capital raise for ASX-listed home builder Simonds Group.
November 2022
Home builder Simonds asks shareholders for $25.5m
The troubled builder’s second-largest shareholder, Newcastle-based NXT Building Group, has already said it won’t stump up more cash.
Home builder Simonds seeks capital boost as conditions worsen
Recent flooding in Victoria, along with rising borrowing costs and inflation will dampen sales over the next six to 12 months, the ASX-listed home builder says.
September 2022
Top home builders’ volume drops 15pc
Shortages are curbing the sector’s ability to produce new homes and meet the record demand stimulated by record-low borrowing costs and government stimulus.
Home builders are already cutting jobs. They face more losses
Supply constraints have already forced one of the country’s largest home builders to cut workers. A looming drop in new sales points to more headcount reductions.
August 2022
Cash flow a looming risk for builders as insolvencies rise
As the tax office steps up action on unpaid debts, the importance of timely payment in keeping subcontractors afloat is greater than ever.
March 2022
Builders renegotiate higher home prices as contracts stall
Delays in the completion of contracts for reasons such as slow land development are giving home builders a chance to pass on rising costs.