Vicinity has also flicked the switch on a 1.3 MW solar PV rooftop system at the Runaway Bay shopping centre in Queensland. The $6 million Karratha project, comprising more than 6,100 panels, is one of the largest installed across Vicinity Centres’ retail property portfolio and is capable of generating more than 3,900 MWh per year. Have feedback on this article? Concerned about the content? Get in touch with us directly.Vicinity Centres has powered up two new rooftop solar PV systems with a combined 3.6 MW capacity, including a 2.3 MW system atop the Karratha City shopping centre in Western Australia and a 1.3 MW system on Queensland’s Gold Coast. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
This article by Simply Wall St is general in nature.
VICINITY CENTRES FULL
This may not be consistent with full year annual report figures. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated.
VICINITY CENTRES FREE
Luckily, you can check this free report showing analyst forecasts for its future. If you are like me, you may want to think about whether this company will grow or shrink. Case in point: We've spotted 5 warning signs for Vicinity Centres you should be aware of, and 1 of them makes us a bit uncomfortable.
While it is well worth considering the different groups that own a company, there are other factors that are even more important. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. Private companies may be related parties. Our data indicates that Private Companies hold 16%, of the company's shares. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. The general public, with a 41% stake in the company, will not easily be ignored. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
In this case insiders own AU$21m worth of shares. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Our information suggests that Vicinity Centres insiders own under 1% of the company. However, on some occasions too much power is concentrated within this group. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Notably, sometimes top-level managers are on the board, themselves. The company management answer to the board and the latter should represent the interests of shareholders. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance.
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