ARV - Arvida Retirement Villages

[Baa_Baa]

And here it is. http://nzx-prod-s7fsd7f98s.s3-websit...131/416258.pdf

Good results, encouraging for the sector as well.

[Greekwatchdog]

Good results, encouraging for the sector as well.

Couldn't agree more Baa Baa. Was good buying in the $0.90's. Market reaction will be very interesting.

[Lego_Man]

Couldn't agree more Baa Baa. Was good buying in the $0.90's. Market reaction will be very interesting.

Good result but markets might focus on the paragraph re: no further engagement on takeover bid.

[Greekwatchdog]

[QUOTE=Lego_Man;1047220]Good result but markets might focus on the paragraph re: no further engagement on takeover bid.

Let them. That stuff is irrelevant, I was looking for solid sales and a reduced spend and debt levels. Take over is for traders. The CEO and Board will have to face shareholders at Annual Meeting and give a please explain.

[thegreatestben]

Good results, encouraging for the sector as well.

Yes like many others here will agree, this is good to see as a retirement sector investor.

[winner69]

For what it’s worth my thoughts

ARV latest update reads well and it seems as if things are heading in right direction.

But they seem to gettin into the habit of selling heaps more (full year v pcp 21 more new sales / 33 more resales) but only making a little more

It seems the increase in resales generated about $5m more in way realised gains but 21 more new sales only generated about the same in realised gains as last year.

From what they've disclosed today my estimate for FY23 Underlying Profit is $91m .....last year was $88m .......not much if an increase is it .......and doesn't seem to reflect Jeremy's really enthusiastic rave.

Whatever it's better than going backwards and things will get much better from here.

Market will like what he said about cash flows.

[winner69]

Update not firing up the market is it …..so far

[Greekwatchdog]

Update not firing up the market is it …..so far

There has been ramp up leading into announcement and well the market is rather weak so far albeit volumes are next to nil. Still looking cheap

[winner69]

There has been ramp up leading into announcement and well the market is rather weak so far albeit volumes are next to nil. Still looking cheap

Market woken up ….and listening to you gwd with price on a roll

Future must be looking bright

Be back in mid 120’s next week

[winner69]

And here it is. http://nzx-prod-s7fsd7f98s.s3-websit...131/416258.pdf

Yes Gwd it seems a really strong 4th quarter sales wise

And this is great news ….”Into the new financial year there is good momentum with almost 40% of resales inventory at March end sold”

That’s pretty good going eh