Cut the dividend and the loyal elderly village shareholders won't like it to much... tricky stuff
The dividend is almost charity
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I would be quite happy giving them the dividend back if they gave me the option.
Personally, if they cut the dividend, I’d be a seller of my quite substantial holding (if fact if they fail to grow it) - if you want a pure growth play in the sector there are other options, whereas Arvida fills a real need for those looking for income and some growth in sector with a very bright future
Things like this happen all the time .....but some things make a good story
https://www.stuff.co.nz/dominion-pos...medium=twitter
We are moving into an Arvida village shortly, i promise to help evacuate the elderly and infirm if necessary.
Soon Ill be able to give you a perspective from a resident’s view.
The 'original dog' has retained its status by once again become the cheapest in the sector (on both FY19 and FY20 metrics - PE, EV/EBITDA, EV/EBIT, cash dividend yield - every metric in the book basically, including the book value if you pardon the pun).
You'd think with a development pipeline increasing by over 240% in the coming 3 years (from 97 units in 2018 to 235 in FY21) Mr Market would begin to get a bit excited - but no, Mr Market couldn't care less by the looks of it.
Yes, it is cheaper than Oceania
On another note, At 31 March 2018 ARV had 46% of its care facilities at the maximum four year DHB accreditation (second highest in the sector after RYM at around 50%). Not bad for a dog, probably better than that RYM soon as well (RYM by the way is literally twice as expensive - ie twice as high underlying PE as arvida)
And they say Oceania is better at care? Facts say otherwise I suppose
And on another note, seems a ARV are getting a bit more serious about development, having lowered the payout range at the AGM... now they need to deliver that bigly increase in development. And if they do, maybe Mr Market will begin to reward (instead of ignore) them.
t_j .....maybe for real investors like fund managers / investment advisors the Price / Book ratio is the main one they look after
Other ones lazy way of assessing ‘value’
Hi all
I have just started looking into Arvida. Could someone give me a rough rundown on where it is currently at?
The fundamentals obviously look good. Compared to RYM it appears cheap. Is it undervalued or is the price low for a good reason?
Any insights would be appreciated