Arvida share price looking really really sad ...chart looks much worse than a week or so ago
Before the acquisition and capital raises last October Arvida's market cap was $1.140m
Raised $330m and and now it's market cap is only $1,080m
That's some effort ...well done Arvida
Hope EPS after acquisition is more 'accretive' than the increase in company value has been
Down 23% so far this year and we're not even a quarter of the year through... NZX down 10% which isn't too flash either, but with ARV down 23% (which is also more than any other retirement stock - OCA is hot on ARV's heals at 22%), Mr Market is indicating things are well more than twice as bad for ARV than your average NZX 50 company... which one would think would surely warrant an update from ARV...
One worries no news in this case is actually bad news... Mr Market is certainly implying this.
Last edited by trader_jackson; 15-03-2022 at 09:00 PM.
Down 23% so far this year and we're not even a quarter of the year through... NZX down 10% which isn't too flash either, but with ARV down 23% (which is also more than any other retirement stock - OCA is hot on ARV's heals at 22%), Mr Market is indicating things are well more than twice as bad for ARV than your average NZX 50 company... which one would think would surely warrant an update from ARV...
One worries no news in this case is actually bad news... Mr Market is certainly implying this.
Pleasing to see a 10% bounce in the share price since $1.50 Tuesday/Wednesday last week.. Forsyth article helped by sort of saying ARV more like SUM than RYM or OCA... and SUM is well positioned some say.
good news for the sector in a very difficult time for construction?
from the Nags mouth ...
"According to REINZ data, the New Zealand median house price was $885,000 in February 2022. This was up 13.5% year-on-year, but down from November’s peak of $925,000. Auckland’s median residential property price was $1,190,000 - up 8.2% on a year prior, but down from the peak of $1,300,000 recorded in November.Economic commentators broadly point to forward housing market indicators continuing to soften over the next six months. However, while monthly house price inflation has recently been evolving in line with their expectations, uncertainty around the outlook remains high."
It definitely should be price sensitive... but then again I thought, should it be? Given the share price is currently $1.70, yes, but maybe Mr Market has just mispriced ARV so much that actually it shouldn't be price sensitive rather the share price should be $2 easily...
I think this is a good indicator for the sector. ARV have issued vast numbers of new shares over the years so I am not so sure that this is the screaming value others think it is.
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
I liked the bit on "Master planning at the Arena villages is nearing completion. Pleasingly, the prospective yield across sites is more than anticipated, subject to board approvals. Additional information will be provided with our financial results in May. Additional greenfield sites for future broad acre development are being evaluated currently."
The graph on the last page shows ARV winning - nice.
It definitely should be price sensitive... but then again I thought, should it be? Given the share price is currently $1.70, yes, but maybe Mr Market has just mispriced ARV so much that actually it shouldn't be price sensitive rather the share price should be $2 easily...
The NZX is rapidly becoming a joke. That announcement is so price sensitive its not true. Only mentions sales rising, strong margins, gains on resales etc....enough information in the release to feed into expectations of what their FY22 result will look like.
I do think the company should be calling that a market update though rather than investor news...
Originally Posted by winner69
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