| IPO Company Profile |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Woodhaven Homes, Inc. |
| 2501 Oaklawn, Suite 550, Dallas, TX 75219 * (214) 599-1999 |
| The Company designs, builds and sells single-family homes in the Dallas/Fort Worth metropolitan area, with a focus on the "entry level" and relocation market segments. |
| Manager | Tier | Phone |
| Tejas Securities Group | Lead Manager |
| AMEX: | WHO | Construction: | SIC 1521 | |
| Type of Shares: | Common Shares | Filing Date: | 8/28/98 | |
| U.S. Shares: | 800,000 | Offer Date: | 1/20/99 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 800,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.80 | |
| Offering Amount: | $8,000,000 | Selling: | ||
| Expenses: | $500,000 | Reallowance: | ||
| Post-IPO Shares: | 3,000,000 | |||
| Employees: | 56 |
| Issuer's Law Firm: | Garza & Staples, P.C. |
| Bank's Law Firm: | Maurice J. Bates, L.L.C. |
| Registrar/Transfer Agent: | Securities Transfer Corporation |
| Auditor: | Turner Stone & Company LLP |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $32.98 | $21.39 | $13.85 | Assets: | $17.66 |
| Net Income: | $1.42 | $1.31 | $0.45 | Curr Assets: | $17.20 |
| EPS: | $0.71 | $0.66 | $0.23 | Liabilities: | $14.71 |
| Prior EPS: | $0.26 | Curr Liab: | $14.63 | ||
| Cash Flow/Oper: | -$3.60 | -$0.54 | -$1.26 | Equity: | $2.95 |
| Cash Flow/Fin: | $4.19 | $0.06 | $1.65 | Cash: | $0.21 |
| Cash Flow/Inv: | -$0.18 | $0.05 | $0.14 | Working Cap: | $2.57 |
| Competition |
| Builders of new homes compete not only for home buyers, but also for desirable properties, financing, raw materials and skilled labor. The Company competes with other local, regional and national homebuilders, occasionally within larger subdivisions designed, planned and developed by such homebuilders. Some of the Company's competitors have greater financial, marketing and sales resources than the Company. The Company believes that a competitive challenge facing it in all of its present markets is locating and acquiring undeveloped land suitable for the types of communities that it can profitably develop. Although the Company has been successful in the past in locating and developing such tracts within its present markets, there can be no assurance that this success will continue. If the Company expands the geographic scope of its business to new markets, there can be no assurance that the Company will be successful in acquiring suitable land for development in such markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness and for acquisitions and lot development. |
| Additional Underwriter Compensation |
| Warrant to purchase 100,000 shares/units at a nominal price. |
| # of Units: | 1,000,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | WHNZ | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |