ARV - Arvida Retirement Villages
What's the sentiments?
It's been a while since I reviewed/paid attention to the retirement village listings - felt all the positivity has been well priced in - and had to laugh when I saw this potential IPO. Fantastic idea perfect time to sell a piece of your pie, not only are people paying good money for new equities but everyone loves this growth industry. Why not piggy back of Rymans & Co's good work?
Will have a gaze over the prospectus. but don't expect it to be cheap, will be interesting to see who steps up to be CEO.
Cheers
TG
http://www.nzherald.co.nz/business/n...ectid=11325559
So is there some magic going on here
Unless they are going to pull a rabbit out of a hat* then I can see no justification for a share price as high as $0.95.
Best Wishes
Paper Tiger
Disc: Reserve the right to use the 'Well, they pulled a rabbit out of the hat' defense at a later date.