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30-05-2018, 01:06 PM
#541
Originally Posted by Valiant
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...?
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30-05-2018, 01:38 PM
#542
Member
Weeell, yeah, I do agree with that!
I would like to see a nice SP break out like Summerset had earlier this year..
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30-05-2018, 02:44 PM
#543
Member
Yep, good solid result and SP down. Divi + special due soon as well.
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30-05-2018, 03:08 PM
#544
Originally Posted by winner69
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.”
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30-05-2018, 04:50 PM
#545
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.”
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30-05-2018, 05:18 PM
#546
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
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05-06-2018, 11:01 AM
#547
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.”
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05-06-2018, 11:36 AM
#548
Originally Posted by winner69
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
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05-06-2018, 01:15 PM
#549
Originally Posted by Valiant
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 01:17 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
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05-06-2018, 02:50 PM
#550
Originally Posted by trader_jackson
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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