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  • Top five and bottom five include developers
  • Victory Offices appears in top five
  • Proptech Group also in top five

Whether you call it the December quarter, Q2 FY22, or the quarter ending 31 December, the reports have been rolling in, and we’ve compiled the details so far.

Two developers featured in the top five for the December quarter cash balances, the remainder, one each in tech, a fund, and offices.

Two developers are also featured in the bottom five.

Please note the following information was correct at the time of writing, but may and likely will have changed by the time you read this.

Top 5

Category Company ASX Code Date published Cash and cash equivalents at end of quarter
Developer Ultima United UUL 31-Jan-22  $15,845,000.00
Tech Proptech Group PTG 28-Jan-22  $14,778,000.00
Fund Auctus Group* AVC 18-Jan-22  $13,477,000.00
Developer Axiom AXI 28-Jan-22  $12,732,000.00
Office Victory Offices VOL 28-Jan-22  $9,502,000.00

Bottom five

Category Company ASX Code Date published Cash and cash equivalents at end of quarter
Agency ** GPS Alliance GPS 28-Jan-22  $29,170.00
Multiple International Equities IEQ 31-Jan-22  $110,000.00
Developer Hudson Investment Group HGL 31-Jan-22  $301,000.00
International CAQ Holdings CAQ 31-Jan-22  $541,000.00
Developer Land and Homes Group LHM 28-Jan-22  $583,000.00

It will be interesting to see how each company and subsector fares over the next few months as the impact of the Omicron variant becomes more apparent on company books.

By some reports for the office market, the Omicron variant of Covid has only mildly nuanced the moderate recovery expected for the sector. Along with the positive news for white-collar employment in Australia and other positive business indicators, things are looking up for the offices in general.

Residential will likely continue to pay dividends to those with an interest in the sector, with more coverage and focus to come on how those companies fare. It may be a mixed bag, however, depending on how companies deal with the extended labour and materials shortages, as well as significantly increased prices.

The full list

Category Company ASX Code Date published Cash and cash equivalents at end of quarter
Developer Ultima United UUL 31-Jan-22  $15,845,000.00
Tech Proptech Group PTG 28-Jan-22  $14,778,000.00
Fund Auctus Group AVC 18-Jan-22  $13,477,000.00
Developer Axiom AXI 28-Jan-22  $12,732,000.00
Office Victory Offices VOL 28-Jan-22  $9,502,000.00
Agency The Agency AU1 28-Jan-22  $6,904,000.00
Valuations Acumentis ACU 27-Jan-22  $3,604,000.00
Developer Raptis Group RPG 28-Jan-22  $2,901,325.00
Agency Auckland Real Estate AKL 28-Jan-22  $1,828,000.00
Tech Rent.com.au RNT 31-Jan-22  $1,557,000.00
Developer Mustera MPX 27-Jan-22  $780,000.00
Developer Land and Homes Group LHM 28-Jan-22  $583,000.00
International CAQ Holdings CAQ 31-Jan-22  $541,000.00
Developer Hudson Investment Group HGL 31-Jan-22  $301,000.00
Multiple International Equities IEQ 31-Jan-22  $110,000.00
Agency ** GPS Alliance GPS 28-Jan-22  $29,170.00

* Auctus was included in this list because of the yet to be listed US Student Housing REIT.

** Converted from SGD to AUD.



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