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10-01-2024, 10:43 AM
#1661
I think the only spanner in lower interest rates happening soon is the conflicts in the middle east. Already we will be seeing inflationary effects of the Houthies debacle in the red sea. The extension of the conflict to Lebanon, Iran etc may mean more inflation for longer resulting in higher interest rates for longer, thus postponing the recovery of the likes of OCA, Arvida etc.
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19-01-2024, 11:49 AM
#1662
I believe there is some clever downward manipulation of the share price going on
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19-01-2024, 12:18 PM
#1663
Originally Posted by WAIKEN
I believe there is some clever downward manipulation of the share price going on
On its way up again …following OCA
Last edited by winner69; 19-01-2024 at 01:14 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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13-02-2024, 03:28 PM
#1664
Hey tj …….everybody saying Heartland could go to $1
We could have a bet who’ll get there first Arvida or Heartland
Or being optimistic have a go who’ll get back to $1.50 first
Strange world eh even thinking such stuff
”When investors are euphoric, they are incapable of recognising euphoria itself “
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18-03-2024, 04:19 PM
#1665
8 March 2024 – Arvida Group Limited (NZX: ARV) has entered into a conditional agreement to sell itsStrathallan village located in Timaru for a sale price of $30.0m. The transaction is subject to customaryapprovals being obtained. Arvida anticipates completion of the transaction to occur at the end of April2024 or shortly thereafter.
The sale price represents a 3% discount to valuation.
Falls outside Year End. Be an interesting Full Year result, thou they do provide Update in April
Last edited by Greekwatchdog; 18-03-2024 at 04:21 PM.
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18-03-2024, 10:08 PM
#1666
Strathallan Village was acquired by Arvida only in 2017 in a $106m deal including Mary Doyle Lifecare in Havelock North and 50% of Village at the Park Lifecare in Wellington.
At that time Timaru media said it had 134 staff and comprised 51 villas, 46 apartments and 77 rest home,hospital wing and dementia beds. So a high needs based component. The hospital wing was constructed in 1999, and the remainder of the facility pre-dates that, possibly by quite a few years.
So we have an older facility with an intensive staffing requirement. Difficult in the circumstances to calculate whether the acquisition delivered any real profit over the timeframe involved. Certainly to recycle $30m at todays interest rates has value.
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20-03-2024, 10:09 AM
#1667
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20-03-2024, 10:43 AM
#1668
3% discount on $30m is $900k, so with transaction costs ARV is probably taking a $1m hit to its operating surplus to make this divestment. Must have thought the opportunity to onsell to a highly regarded operator with the most incentive to purchase was compelling.
Obviously staff will simply transfer in their existing roles. If the figure I cited in #1666 above has continued the ratio to occupiers is high, because of the aged care beds.
On another note, could you possibly build 51 villas and 46 apartments together with all the other infrastructure that's on site for $30m today? Everything is out of whack currently.
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20-03-2024, 01:28 PM
#1669
Originally Posted by ronaldson
3% discount on $30m is $900k, so with transaction costs ARV is probably taking a $1m hit to its operating surplus to make this divestment. Must have thought the opportunity to onsell to a highly regarded operator with the most incentive to purchase was compelling.
Obviously staff will simply transfer in their existing roles. If the figure I cited in #1666 above has continued the ratio to occupiers is high, because of the aged care beds.
On another note, could you possibly build 51 villas and 46 apartments together with all the other infrastructure that's on site for $30m today? Everything is out of whack currently.
"On another note, could you possibly build 51 villas and 46 apartments together with all the other infrastructure that's on site for $30m today? Everything is out of whack currently"
$309,278/apartment or villa excluding 77 rest home,hospital wing and dementia beds,I doubt it
Last edited by kiora; 20-03-2024 at 01:29 PM.
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05-04-2024, 10:00 AM
#1670
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