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Axiom Properties Ltd ( (AU:AXI) ) has shared an announcement.
Axiom Properties Ltd reported an increase in cash reserves for the December 2024 quarter, facilitated by successful negotiations to extend debt facilities, enhancing their operational flexibility. Significant progress was made with the integration and expansion of the ListSure business, resulting in strong financial performance and diversification into property management technology. The company settled two pad sites in Western Australia and advanced its Mount Barker project, leading to substantial proceeds, while also securing a deal to divest development land, expected to yield further revenue. These strategic moves are part of Axiom’s ongoing efforts to build a sustainable recurring income stream and centralize operations to optimize financial balance.
More about Axiom Properties Ltd
Axiom Properties Ltd is a property development and investment business focused on developing and delivering quality property and technology solutions. The company’s principal objective is to create long-term value for shareholders by establishing a well-respected property development and technology investment company that consistently delivers above industry returns on capital.
YTD Price Performance: -20.0%
Average Trading Volume: 213,920
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$13.85M
See more data about AXI stock on TipRanks’ Stock Analysis page.
