Wednesday 21 March 2018 by FIIG Research ripples_on_water Company research

WA Stockwell 1H18 results

We have provided a research report for WA Stockwell's half year results, and reiterate our recommendation on its 7.25% notes due 2021

Key points:
- During the quarter ending December 2017, WA Stockwell (Stockwell) began the settlement at Boggo Road stage two, and continued at Muse. Stockwell advises some pre-sale settlements did not complete due to offshore buyers being unable to secure finance
- Practical completion of Boggo Road was reached at the end of September 2017 and settlements commenced from mid-October. To date, 59 units have settled out of 79
- At Muse, practical completion was achieved in August 2017 and 107 units have settled out of 132

The complete update is available to clients on the FIIG website. Read the WA Stockwell research compendium report*

*Please note this content requires a FIIG wholesale login.