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Originally Posted by trader_jackson
Not surprisingly a broker has upgraded its price target on Arvida to $1.14, net dividend yield currently 5.2%.
Clearly brokers aren't always right, but even if they only get to half way to the price target in the next 12 months (from 87c to $1 instead of $1.14)... will still look forward to happy days ahead, and a good interest rate to match
Could even be introduced into the NZX 50 if share price goes up a bit...
yes solid company with solid income(return) suitable to longer term investors, you will get rewarded.
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Dear Trader.Your enthusiasm is noted....However please take note of NG post.
Have you reflected on the fact that you are (as I am and many others) quite privileged to hear the opinions of many well seasoned SM battlers...I for one quite cherish the wisdom and Knowledge expressed by many posters.
Im a great fan of disclosure...what about you....cheers troy.
....are you an All Black...just asking
Last edited by troyvdh; 29-07-2015 at 06:21 PM.
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Fair questions raised about my interests and disclosures, and I believe I have disclosed this before, but I do own a couple, being young not exactly a huge amount. I just can't get over the good fundamentals of this company, and yet the market treats it like rubbish (in my opinion).
And also someone has asked me this before but I did not buy in at all because of any all blacks affiliated with it, this had and still has 0% influence on me.
I also appreciate the wisdom etc, as one of the users helped me better understand how retirement villages (those in development/expansion mode) actually work... The thing I find interesting is I still have not been given a reason as to why the share price has dropped from its listing price despite good fundamentals (PE, yield etc) and outlook (overall retirement fundamentals etc)...
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I think he was implying me... always fun to have a bit of banter
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https://www.nzx.com/companies/ARV/announcements/268834
Quarterly dividend payment, equivalent to a nice 4.7% yield, FY2016 to exceed guidance, growth opportunities... sounds all good, and should lead to increased dividend and capital gain. (no mention yet of 'combing/merging' issues regarding accounting systems etc... I assume there were none and its all clear sailing)
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https://www.nzx.com/companies/ARV/announcements/268834
Quarterly dividend payment, equivalent to a nice 4.7% yield, FY2016 to exceed guidance, growth opportunities... sounds all good, and should lead to increased dividend and capital gain. (no mention yet of 'combing/merging' issues regarding accounting systems etc... I assume there were none and its all clear sailing)
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Breif Metrics.JPG
I hope this is of some use? Based of projections from Forsyth (who have usually been pretty good in the retirement sector)
I don't believe they are using underlying profit, but net profit instead... What I did see was that ARV's underlying earnings are currently higher than its net profit, and SUM's are not (have not look at the other two)
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I probably am confused.. but:
From ARV:
- NPAT of $3.1 million, ahead of IPO forecast
- Underlying Profit of $4.0 million, in line with IPO forecast
I will try find and recreate with underlying earnings (ie profit?)
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Capture.JPG
ARV still the cheapest?? (forecast to be at least anyway, also MET I have increased the 2015 forecast by 13% to try reflect growth, but it could be less or more, so not that reliable)
$3m was 'unusually low' due to expected merger costs etc, it is forecast to be upwards of $14m next year, making a dividend of $3m per quarter easily possible.
Last edited by trader_jackson; 21-08-2015 at 04:51 PM.
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Member
Originally Posted by NewGuy
Also, it's impossible for such companies to pay out 90% of profits as dividends as your figures imply unless the plan to fund all future capex from debt, which would be dumb. These figures just don't add up.
U r dead right.
actually I heard it said by someone who wud know that a few of the assets vendored in to the float were quote the crappy ones unquote.
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