sharetrader
Page 167 of 167 FirstFirst ... 67117157163164165166167
Results 1,661 to 1,669 of 1669
  1. #1661
    Senior Member
    Join Date
    Oct 2016
    Posts
    1,069

    Default

    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.

  2. #1662
    Member
    Join Date
    Jul 2014
    Posts
    86

    Default

    I believe there is some clever downward manipulation of the share price going on

  3. #1663
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Quote Originally Posted by WAIKEN View Post
    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 12:14 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1664
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #1665
    Senior Member
    Join Date
    Jul 2020
    Location
    Chrsitchurch
    Posts
    861

    Default

    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 03:21 PM.

  6. #1666
    Senior Member
    Join Date
    Mar 2021
    Location
    Auckland
    Posts
    806

    Default

    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.

  7. #1667

  8. #1668
    Senior Member
    Join Date
    Mar 2021
    Location
    Auckland
    Posts
    806

    Default

    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.

  9. #1669
    Guru
    Join Date
    Sep 2009
    Posts
    2,685

    Default

    Quote Originally Posted by ronaldson View Post
    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 12:29 PM.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •