Originally Posted by
trader_jackson
I have been busy lately, but I must disclose I actually sold about 3/4ths of my ARV holding at $1.71 early in October... I noticed it then went virtually straight up (by another 10%) over the next month, but I notice it is now trading a bit below $1.71.
As many of you will know, like my other 'favorite' share starting with an A, I have held ARV shares since IPO (topping up occasionally). Having provided me an average return of 16% in the almost exact 6 years since I started holding, it has done "not good, not bad" (having produced a return about the same as the NZX 50). At $1.71, I thought this was a fair value, and decided to take some off the table for ARV (and a few other companies, like my recent sell down in my other 'favorite' share starting with an A).
I continue to be a happy holder simply because I believe their business model is robust and based around a solid product offering, backed by a company I genuinely think is doing their best not only for shareholders, but for residents and staff.