Simonds Group Ltd. ( (AU:SIO) ) has provided an update.
Simonds Group Limited has completed its acquisition of Dennis Family Homes, a move that significantly expands its resources and capabilities in key market segments. This acquisition is expected to enhance Simonds’ market positioning and operational capacity, providing a broader range of offerings to its customer base and potentially strengthening its foothold in the homebuilding industry.
More about Simonds Group Ltd.
Simonds Group Limited, established in 1949 and listed on the ASX in 2014, is a leading homebuilder operating across Victoria, Queensland, New South Wales, and South Australia. The company offers a diverse range of products, including single and double-storey detached homes, dual occupancy projects, medium-density developments, and ready-built homes, catering to a wide range of customers from first home buyers to knockdown rebuilders, with a strong focus on families in metropolitan areas and large regional cities.
YTD Price Performance: 39.29%
Average Trading Volume: 31,657
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$70.18M
See more data about SIO stock on TipRanks’ Stock Analysis page.