Not convinced..
Disc. Hold.
Printable View
I'd be tempted, too. Except for:
Another same - sector investment would have to go. MET?
Technically, ARV looks a bit weak to my untrained eye. RSI is down and trending further.
Raising capital via offer of 1 to 5 @ $1.15....
Going to see a sell off n moving to OCA ..TJAckson?
That Village on the Park amazing place. Go past it a lot and think of Don Clarke, Alan Hewson, Stu Wilson Bernie Fraser etc and the times of sitting on the Western Bank and atop the Millard Stand in a southerly.
Very well put together village. Should flatten Eden Park and do the same - mix of retirement village and affordable housing would solve a lot of problems
https://nzx.com/files/attachments/265622.pdf
Really quite fantastic - There is nothing bad or concerning in this presentation, in fact there is nothing even ok... it is all good!
This confirms ARV moving towards higher growth and I can't wait to take part in yet another EPS accretive transaction for yet another couple of very high quality villages - well done Arvida, and very nice of you to give everybody else a chance to get in on the action with a record date of September 20.
Nice that you will be able to do the offer acceptance via the interweb thing, but the website: http://www.arvidashareoffer.co.nz/ is rather minimalist.
They should really have got me in to at least put a tiger picture up for them as per http://papertiger.asia/
Best Wishes
Paper Tiger
You know the market isn't 'working' when ARV's share price goes down, despite making an immediately EPS accreditation acquisition on very favorable terms (in my view).
Looks to be a bit of retail panic, clearly they must have missed today announcement.
...or they are selling now what they can buy 'back' at $1.15 in a month.
Best Wishes
Paper Tiger
Perhaps more impressive, Forsyth have a price target of $1.55 per share (back in May, in their review of ARV's annual results), maybe they knew another acquisition was in the pipeline ;)
Then again, they only forecast 26.4m underlying profit for FY18, on slide 16 they seem to indicate they will achieve $28m + an extra 8% per share on top of that (am I reading that right?)
So we could see underlying EPS of 9.0, a nice 16.9% increase on last years - will they beat Ryman's growth rate for the 2nd year running?
(we won't bother comparing PE's as we know Ryman is way higher... not to mention all the other factors, like a nice dividend [not peanuts] and the more conservative debt levels etc etc)
I drunkenly purchased a whole bunch at 127 today, this is generally a pre-cursor to downward movements... you have been warned.