ARV - Arvida Retirement Villages

[BlackPeter]

Buy too soon BP on the current Sector Market sentiment, and one could land a pile of red too

The Fundamentals may be good, but that hasn't stopped a slide from 2 bucks or so down
to $1.13 today.

Had some of these when the last Cap raise came through at the top of the range
$1.97 which signalled start of the recent slide. Was that 12-18 months ago ?

The Revaluations may be out the window headed deeply red, dividend flagged, a bit
of balance sheet therapy needed to sure up the show needing a reverse dividend
back from holders pockets, and no sign of relief on the horizon for next 3-5 years ?

Absolutely - and I didn't try to predict the bottom. Not my area of expertise (unless you give me the benefit of hindsight).

Think however that the downside risks from here are much smaller than the upside opportunities ... and given that I am not particularly good in picking absolute bottoms (s. above) do I normally buy when a stock looks (based on fundamentals) attractive.

A good strategy might be to buy in similar sized parcels over the coming months.

[bottomfeeder]

I wonder if something has been leaked. Hit lows of $1.09 but has some legs at $1.15 now. I feel that next week may be a surprise. Better than expectatoons.

[bottomfeeder]

I wonder if something has been leaked. Hit lows of $1.09 but has some legs at $1.15 now. I feel that next week may be a surprise. Better than expectatoons.

$1.20 now, pure speculation or insider knowledge?

[ronaldson]

It's mainly the Government announcement of $200m additional funding support for nurses in these facilities. All listed RV operators up this morning.

[BlackPeter]

$1.20 now, pure speculation or insider knowledge?

I note that all retirement stocks are going up. Are you talking about "insider knowledge" inherent to all retirement stocks ... or is it maybe just a reaction to the governments latest announcement re funding the pay parity of nurse salaries?

[bottomfeeder]

I note that all retirement stocks are going up. Are you talking about "insider knowledge" inherent to all retirement stocks ... or is it maybe just a reaction to the governments latest announcement re funding the pay parity of nurse salaries?

Insider knowledge re interim results coming out tomorrow.

[BlackPeter]

Insider knowledge re interim results coming out tomorrow.

Thought so. However - my point was, why would you assume insider knowledge about ARV results if other retirement stocks went up this morning as well?

Both OCA (who reported already) as well as ARV this morning up 5 ... 6%

[Sideshow Bob]

https://www.nzx.com/announcements/403208

Highlights:
• IFRS Net profit after tax of $89.2 million, up 18%
• Underlying profit[1] of $38.9 million, up 46%
• Gearing ratio of 28%, retained at low end of target 25-35% range
• Operating cash flow of $77.4m, up 12%
• Total sales of $168.2 million, up 31%
• 51 new units delivered, on track to exceed FY23 development guidance
• NTA increased to $1.93 per share
• Interim dividend of 2.5 cents per share

[trader_jackson]

https://www.nzx.com/announcements/403208

Highlights:
• IFRS Net profit after tax of $89.2 million, up 18%
• Underlying profit[1] of $38.9 million, up 46%
• Gearing ratio of 28%, retained at low end of target 25-35% range
• Operating cash flow of $77.4m, up 12%
• Total sales of $168.2 million, up 31%
• 51 new units delivered, on track to exceed FY23 development guidance
• NTA increased to $1.93 per share
• Interim dividend of 2.5 cents per share

On an initial quick look, whats not to like? Unlike sum other operators, IFRS profit and NTA has actually gone up... so despite performing much better than the likes of OCA, ARV is priced at virtually the same.

[winner69]

On an initial quick look, whats not to like? Unlike sum other operators, IFRS profit and NTA has actually gone up... so despite performing much better than the likes of OCA, ARV is priced at virtually the same.

Pretty amazing result --- pretty close to what they indicated in that recent newsletter

No surprises

Yes tj ... what's not to like