Lifestyle Communities Ltd (ASX:LIC)
A$ 11.01 0.14 (1.29%) Market Cap: 1.32 Bil Enterprise Value: 1.82 Bil PE Ratio: 15.12 PB Ratio: 2.16 GF Score: 86/100
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Half Year 2023 Lifestyle Communities Ltd Earnings Call Transcript

Feb 13, 2023 / 04:00AM GMT
Release Date Price: A$17.46 (-1.12%)
Operator

Thank you for standing by, and welcome to the Lifestyle Communities LIC Half Year Results Teleconference. (Operator Instructions)

I would now like to hand the conference over to Mr. James Kelly, Managing Director. Please go ahead.

James Kelly
Lifestyle Communities Limited - Founder, MD & Director

Thank you, and welcome to the Lifestyle results call. You did see next Friday week, actually marks a really significant milestone for the business. 20 years ago to that day, [Davos] and I caught up at Giorgios Cafe in [Melbourne], recognizing a real gap in the market. We see a couple of ways developing a concept for affordable downsized communities for the average Victorian. We also did this with a mandate to ensure that whatever we did, it would be socially, morally and ethically sustainable, and we've never resolved from this. And so Lifestyle Communities was born on the 24th of February 2003, and we have organically grown this business for 2 decades to where we are today. During this time, we maintained an absolute laser-like focus on 3 things: firstly

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