ARV - Arvida Retirement Villages

[winner69]

What's the sentiments?

It's been a while since I reviewed/paid attention to the retirement village listings - felt all the positivity has been well priced in - and had to laugh when I saw this potential IPO. Fantastic idea perfect time to sell a piece of your pie, not only are people paying good money for new equities but everyone loves this growth industry. Why not piggy back of Rymans & Co's good work?

Will have a gaze over the prospectus. but don't expect it to be cheap, will be interesting to see who steps up to be CEO.

Cheers
TG

http://www.nzherald.co.nz/business/n...ectid=11325559

What conclusions you come to?

Others interested in reading the prospectus
http://www.business.govt.nz/companie...426F2CE2AF781D

[Goldstein]

What conclusions you come to?

Others interested in reading the prospectus
http://www.business.govt.nz/companie...426F2CE2AF781D

Interesting chart on page 9. SUM has quite a different asset distribution than the rest with a lot higher percentage of units.

As far as Hercules goes, their villages are currently run by various managers/owners. Hercules would have to quickly stamp managing practices on each to ensure a good standard of care, etc. I see it as a bit risky.