Hey t_j the share price is falling
Mr Market must have decided to read the interim report a bit (more) closer....and started having doubts
Printable View
Hey t_j the share price is falling
Mr Market must have decided to read the interim report a bit (more) closer....and started having doubts
Friday last week the share price wasn't over $1.20 - now we are well into the 20's and friday is still to come, hard to believe that a couple weeks $1.20 looked like a distant struggle - today we are at $1.24 - probably just a few people taking advantage of the strong run, good on them.
Might be your chance to get in while it is still over 40c below where forsyth reckon it will be in 11 ish months.
Appears "momentum builds" for the share price, nice to see a slow and steady rise on good volume lately.
The ARV chart at the moment is a beautiful thing....
As always though, DYOR.
Attachment 9426
Still a tad ( I mean a tad ). in the red with this one ..
Tomorrow .. Tomorrow.. :-)))
Arvida — the unsung hero of the NZX
It’s full potential will be recognised one day
ARV share price still about the same as it was when they announced the acquisition of 3 villages last September
Market thinking that not positive long term for ARV or something
That Village on the Park in Wellington needs to improve — haven’t heard a good word about it for a long time. Expanding though as they doing a lot of earthworks at the moment.
Do Arvida have a dividend reinvestment scheme? thanks
https://www.nzx.com/announcements/315395
Pretty nice to see, I thought the share price weakening in recent times was possibly because people weren't sure if they could deliver on a big 2nd half - today's announcement shows they are going to deliver a massive uplift in the 2nd half. I note in the half year presentation they mentioned "Expected new sale settlements of 70 units in 2H18", that language has now changed to "Arvida is on track to settle at least 70 new unit sales during the second half", maybe the market missed it because their share price actually went down slightly (then again, could be the juicy dividend, being paid in just over a week I suppose).
I suppose the proof will be in the pudding (aka when half year results are released in late May)
You'd think that if sum others can miss their building guidance (or arguably, barely meet it), yet still have a share price jump after results are released, then others who look like they will exceed it, should have a share price skyrocket.
Sentiment can be a funny thing - Arvida are developing a record of delivering on what management say which I think ultimately will see the share price perform better. It's always worth remembering it is business performance that drives the share price long term and not the other way around. I've been long for 2 years and have collected 8-9 cents of dividends in that time and await a stronger share price that reflects their execution of business development but we will see I guess.