Why I like ARV is chart below
Share price still languished around 2 bucks .....cheap as
Market hasn't woken up to future earnings ( Forbar seems to have done so)
No real guess in the forecast F22 and F23 numbers - only what ARV have been saying
Printable View
Why I like ARV is chart below
Share price still languished around 2 bucks .....cheap as
Market hasn't woken up to future earnings ( Forbar seems to have done so)
No real guess in the forecast F22 and F23 numbers - only what ARV have been saying
I sold out of ARV, just concerned with delta and seeing what it is doing around the world.
Will relook in a years time. Happy to pay more once the situation is a bit more clear. IMo there are other companies one can invest in that will perform satisfactory and with less covid delta associated risk in this new, 'living with covid' world we are entering
Also rising rates, lower or flat housing market headwinds
Seems market still not too impressed with Arvida’s acquisition and recent performance
Suppose I’ll need to face up to ARV being like OCA ….full of promise and all that ****e but will remain a sort of a pariah of the market …like gunna going to be re-rated soon but never happens.
Lots of patience required here...not as much as the extraordinary level of patience that will be required with OCA. There's more than $900 million in embedded value here that will start showing up in the underlying profit in the big way in the years ahead.
When Forbar says this I take it as a convoluted way of saying ‘no worries, all honky dory’
We believe the stable and cash generative nature of the acquired villages complements ARV's newer and less cash generative portfolio well.
We estimate that cash from ongoing operations will almost double as the acquisition is incorporated which, in combination with strong cash recovery of capex, should result in largely self-funded growth, inclusive of paying a dividend going forward.
No worries whatsoever mate.
Might look to buy back in this time next year. Probably be the same price 😐
Some provincial divestments announced. Any view on the buyer?
Read into this what you want, especially the first paragraph
ASSETS HELD FOR SALE
The Group classifies assets held for sale if their carrying amounts will be recovered through a sale transaction rather than through continuing use.
Assets held for sale are measured at the lower of their carrying amount or fair value less costs to sell. Costs to sell are the costs directly attributable to the disposal of an asset, except for the portion that relates to investment property which is carried at fair value.
The criteria for held for sale classification is met only when the sale is highly probable and the asset is available for immediate sale in its present
condition
At March Assets held for Sale were in books at $8m odd ....that had gone up to $11m ihalf year. No idea how many assets there are .... might be more than this Bainswood ones.
Market doesn't seem too concerned about the staff member at Aria Park in Epsom who has Covid-19, oh hang on, it's Saturday and the market isn't open. Is this the first market test for a listed RV that has a Covid case?
They seemed to have dodged a bullet when a relative of a resident tested positive a few weeks ago
This may be a little different
http://nzx-prod-s7fsd7f98s.s3-websit...383/360034.pdf
9 December 2021 - Arvida Group Limited (NZX: ARV) (Arvida) has today confirmed the sale of its threeRangiora located retirement villages has settled.The sale of Bainlea House, Bainswood House and Bainswood on Victoria reduces Arvida’s portfolio by 4villas, 14 serviced apartments and 109 care beds.
This is a deliberated corporate strategy change. There are four large retirement developments in Kaiapoi and Rangiora area. This is a good sale to lock the market price and aviod price competition in this area. Free some cash from old units.