Just be patient, waiting for its new bond issue announcement.
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Just be patient, waiting for its new bond issue announcement.
Good sales numbers from Arvida
And bond issue details coming soon
https://www.nzx.com/announcements/366806
Milford with a SSH showing back over 5%. Wonder if it’ll be for longer than a week this time.
MET issued $100m bonds in 2019 and we saw an almost immediate significant run up in their price.
OCA issued $125m bonds in late 2020 and we saw an almost immediate significant run up in their price.
Now its ARV's turn and i expect it is highly likely we will see a significant run up in their price.
I can't explain this phenomenon but it seems when the spotlight of a bond issue goes on a company I have heard is a common thing that the shares do well.
Quite aside from that I think its now clear the whole sector is going to do very well for the foreseeable future and Forbar have a FY22 forecast PE of 14 for ARV which i think is very cheap for this sector with strong tailwinds.
I bought some last week and am on the bid for more @ $1.78
Attachment 12265
ARV
PE = 24.59
PB= 1.356
DIV YIELD = 3.017%
CAGR = 25%-30%
Undervalued.
it looks very much as if the 30 ma will cross the 100 which could be one of those slingshots!!