Hey ill let you know how they treat their residents, hopefully in a month or so, have to say they have been pretty fair with the way they have treated us so far. But i guess there is the possibilty no one else wanted it.
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Hey ill let you know how they treat their residents, hopefully in a month or so, have to say they have been pretty fair with the way they have treated us so far. But i guess there is the possibilty no one else wanted it.
Hope you guys getting in fast ....share price on fire already today’s
Maybe $1.50 by end of week a tad pessimistic
Boomer of a result tomorrow
Don’t miss out
The way this has been going one wonders if this isn't a leaky ship in terms of insider buying ?
I think this ship has sailed as far as I am concerned. Would have been good buying under $1.20 with the benefit of hindsight.
Rather large wall at 1.29 just appeared
Arvida seem to be rather obtuse with financial guidance ...seem more content on build rates etc
All I can make out is when they made those acquisitions last year. They said they were happy with analyst ( 2 of them) forecasts of $28m underlying profit for f18 and the acquisitions would bring in $9m in F18....and mentioned further upside etc etc
So bare minimum tomorrow is $37m. Completion rates and sales appear to be higher and then there’s the margins which must be pretty high seeing what’s happened to property prices since last valuation. That’s where the $45m to $50m word on street comes from
Doubling underlying earnings is pretty good eh. Better than sum other companies
Let’s say $45m ....that’s eps 11 cents ....say 14 cents in F19 and heck even $1.70 at a forward PE of 12 looks cheap as
https://www.stuff.co.nz/nelson-mail/...st-near-nelson
good article on stuff today for those interested....
Great result, news of the (extra) special dividend must have leaked yesterday... underlying cps growth of 16% - that is better than ryman, but who cares ARV must still be a dog.
Maybe I should not have been so bullish and excited the last few days ....word on the street wasn’t as reliable as usual
But $1.50 share price still on cards by end of June
A VERY long way short of the $45 - $50m underlying profit doubling from last year. Development margin only 19%. Can't be that good at doing their SUM's can they !
Outlook comments about costs weighing on the sector...didn't sound all that optimistic did it !
Yeah... NAH...better off sticking to SUM other company with a much longer track and well proven record of strong growth.
Underlying profit up 43% odd but I'll leave others to work out the lower rate that applies to underlying EPS growth due to the significant share issue during the year.
I, and clearly Mr Market, didn't realize they indicated 37m, in fact the actual consensus was around the 30m mark I thought.
$45-50m underlying would have been wonderful, but we'll have to wait another 9-12 months for this.
Lets see how Mr Market treats this dog today.
Shame they had to pay a special dividend just to get it into the 60-80% payout range, and couldn't re-invest more for growth... wouldn't want to drop below it otherwise the residents, many of whom are also shareholders, would be dumping