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  1. #541
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    Quote Originally Posted by Valiant View Post
    ARV have announced a pretty decent result and continue to deliver what they say said they would.

    I haven't got into the detail yet, but the question I have is what does this company need to do to lose the dog label??


    Disc: have been a holder for quite some time
    Changing its name to Ryman or Summerset would probably help...?

  2. #542
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    Weeell, yeah, I do agree with that!
    I would like to see a nice SP break out like Summerset had earlier this year..

  3. #543
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    Yep, good solid result and SP down. Divi + special due soon as well.

  4. #544
    Speedy Az winner69's Avatar
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    Quote Originally Posted by winner69 View Post
    Couts, you saying buy the rumour sell the fact.....tj would be beside himself.
    This must have happened ...again

    Facts couldn’t been too impressive for something on PE of 16
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #545
    Speedy Az winner69's Avatar
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    tj - have Forbar raised their target yet. Wasn’t the last one $1.61 or something

    They pretty keen on it eh
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #546
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    Although forecasts for coming years were raised, just not that target price... so it remains at $1.52 (it was $1.61, then labour got into power or something)

    Finished at $1.27 today, below $1.30... reminds me of when I said OCA wouldn't go under $1 again, it kept going quite a few times under that dollar mark...

    Probably see development & subsequent unit deliveries nearly doubling for ARV over the coming 3-4 years (excluding any acquisitions)... market clearly isn't so convinced at the relatively fast pickup in build rate, or if this can be sustained

    That other share that starts with A winner69 mentioned did even worse than ARV today, Mr Market clearly not sure what to think of anything really

  7. #547
    Speedy Az winner69's Avatar
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    Debt facility increased from $150m to $250m

    Good banks have confidence in them

    Nothing like a bit of debt to keep things going
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #548
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    Quote Originally Posted by winner69 View Post
    Debt facility increased from $150m to $250m

    Good banks have confidence in them

    Nothing like a bit of debt to keep things going
    Bigly increase - banks have huge confidence, Mr Market, well clearly not so much... not even close to that $1.50 mark

    I think sum others have gearing neary twice as much as ARV (at FY18), seems to have worked very well for them so maybe $250m is still to conservative and need to pump up that debt etc more?
    Nobody seems to care about interest rates and costs of borrowing

  9. #549
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    Quote Originally Posted by Valiant View Post
    ARV have announced a pretty decent result and continue to deliver what they say said they would.

    I haven't got into the detail yet, but the question I have is what does this company need to do to lose the dog label??


    Disc: have been a holder for quite some time
    Adjusted NTA according to directors is about $1.28. PE isn't far off Summerset despite having a shorter and less impressive growth track record. Maybe its simply a Labrador and not a greyhound ? (as I suggested some time ago). You get reasonable divvies with this one unlike many others so simply give the lab a pat and enjoy the steady ride.
    Last edited by Beagle; 05-06-2018 at 12:17 PM.
    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

  10. #550
    Speedy Az winner69's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Bigly increase - banks have huge confidence, Mr Market, well clearly not so much... not even close to that $1.50 mark

    I think sum others have gearing neary twice as much as ARV (at FY18), seems to have worked very well for them so maybe $250m is still to conservative and need to pump up that debt etc more?
    Nobody seems to care about interest rates and costs of borrowing
    After they’ve spent the $250m they’ll be looking at more debt

    Won’t be able to do what they want to do out of cash flow while they continue to hand out those divies everybody loves
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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