Jeepers creepers ....the gains per sale went from $79k to $114k
That's a whopping 44% more per sale tah what they were getting last year
No wonder they told us about this ---- extraordinary
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Jeepers creepers ....the gains per sale went from $79k to $114k
That's a whopping 44% more per sale tah what they were getting last year
No wonder they told us about this ---- extraordinary
March 31 was the depths of the Covid 19 crisis. Is 3% settlements above a 31 March Covid 19 depths valuation really that extraordinary considering the whole market has recovered nicely since then ? (Auckland medium prices are up 4.3% post covid in June 2020 compared to pre Covid 19 in December 2019. That really is extraordinary and means MET are off to "a flyer" for their FY21 underlying profit result which makes the giveaway at $6 even more bitter. I think ARV with their single digit underlying eps growth are about fair value at the current price.
Nice one, ARV! I've a lot more of them than of MET these days!
:)
From Annual figures: Net implied valuation per share (including valuation of properties at 31 March 2020) was $1.33 down 4% from last year.
ARV SP 31 March 2020 $1.25
ARV SP 31 March 2019 $1.30
ARV SP current $1.48
For current sales values to be above the Balance date valuations is a good result, considering what has happened. I think its current share price reflects that.
I agree MET is being sold down the river at the new arrangement price.
How reliable are these Auckland median house prices? Have they been adjusted to reflect any distortions in type of property actually been sold at that time?
https://www.arvida.co.nz/investors/n...rted-by-arvida
Pretty good update really.
No surprise Forsyth has a price target of $1.82 - well in excess of the current share price
I reckon people must only be reading Tuesday's announcement from ARV today
Okay...you harangued me into a small nursery stake. I have truck loads of OCA already, don't like that SUM can't sell their units, RYM is stupidly overpriced and MET is being stolen by the Swedes. I like the sector and feel a bit snookered that there's less choice now days. Good that the TA looks good. I suppose fundamentally its reasonably okay too. The sheer weight of money coming out of MET should help in the short term.