MET issued $100m bonds in 2019 and we saw an almost immediate significant run up in their price.
OCA issued $125m bonds in late 2020 and we saw an almost immediate significant run up in their price.
Now its ARV's turn and i expect it is highly likely we will see a significant run up in their price.
I can't explain this phenomenon but it seems when the spotlight of a bond issue goes on a company I have heard is a common thing that the shares do well.
Quite aside from that I think its now clear the whole sector is going to do very well for the foreseeable future and Forbar have a FY22 forecast PE of 14 for ARV which i think is very cheap for this sector with strong tailwinds.
I bought some last week and am on the bid for more @ $1.78
Last edited by Beagle; 01-02-2021 at 10:37 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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