We now know why the price was heading north The same happened to Infratil......
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Among many other things, great to see ARV allowing current share holders to support the company at a share price ($1.15) that we haven't seen for 2.5 years or so, whilst minimizing the amount of debt having to be taken on.
ARV to become a bigger company (market cap) than OCA as well.
Very reasonable multiple that the villages were acquired on as well.
Well I'm in for the rights issue.....I've been waiting for one for a while now.
Bloody flash villages they will acquire, good to see ARV expanding again through both new builds and quality acquisitions.
what date is the ex date to participate in the rights issue?
Have to admit i sold some yesterday at $1.38 to "freehold" the remainder...not sure if that was a good move or not on the back of the announcement. I guess i can buy back some of the shares I sold at the rights issue price...
Think this is a great move by ARV on the face of it. Happy holder (on a smaller number than yesterday).