Customer Concerns Still Loom Over Aveo. FVE Unchanged at AUD 3.10
Customer enquiry volumes are down following highly critical press coverage in late June, but perhaps not as much as Aveo's share price would indicate. However, it has only been six weeks since the accusations of inequitable treatment of residents were raised, which means the fallout could worsen. There isn’t sufficient information at this point to ascertain the full extent of customer behavioural changes, a key reason why we’ve retained our recently revised forecasts for moderating sales and pri...Aveo Group is engaged in the development for resale of land and residential, retail, commercial and industrial property, the investment in, and management of, income producing retail, commercial and industrial Property, commercial, industrial and residential building and construction for the Group, and funds and asset management. As of June 30, 2016, Co. operated in two segments: Retirement, which develops and operates retirement villages and aged care facilities to produce rental and other income; and Non-retirement, which develops residential, commercial and retail property.
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