Another positive announcement today...
https://www.nzx.com/companies/ARV/announcements/267420
Despite the share price being close to, and sometimes below the offer price (during the SPP), somehow the $5m SPP was still oversubscribed, shows the confidence investors have in ARV... not surprising giving it has a 6.1% gross dividend, and capital growth (that will most likely come with an unusually low PE of 14.9 - and fittingly with these metrics one broker has a price target of $1.09 on it)
Regardless of if the rest of the retirement sector is more focused on greenfield development and sales associated with that (as percy explains above - lets hope the housing market doesn't go sour...) these valuation metrics are promising for any company (I would think?) I see the directors and institutional investors (eg ANZ) have caught onto this "future winner", I wonder when the rest of the market will...
What is the differences for brownfeild development (what ARV does) vs greenfeild development (what eg SUM does)?