Sell orders are fast disappearing. Expect some pressure around 4pm & tomorrow... especially with the rest of the market consolidating today - strap in for tomorrow.
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Hi Winner69, I price ARV above $7 per share. The half year profit is 8% down, Q3 is 17% higher and Q4 prob 25% higher than 2020. For the long term perspectives, ARV is one of the most exciting companies in the sector. Relative Small market cap with fast growth rate, it will become RYM and SUM size within 5-7 years.
The industry average PE is 28.20 now. If ARV backs to industry average PE, SP should be placed at $2.05/$2.06. If ARV backs to industry average PB, SP should be placed at $2.85.
time to worry? "Some contracts risk breaching consumer law says chief executive."
https://www.nzherald.co.nz/business/...VT7KFMUFHYU6Q/
Changes and regulation review in the industry are good. Let those operators to pay for the maintenance and repairs. They could simply pass those expenses to the occupants, top up with a 7-10% management fee by lifting their weekly service fee. Some money from the this pool could be saved and improve operating cash flow. Less disputes betw operators and occupants.
Bond issue presentation http://nzx-prod-s7fsd7f98s.s3-websit...818/339444.pdf