Cant really do so...no dividend no investors.....dividend is the only sweetener to attract more investor....However, I completely agree with u. Maybe they should offer DRP
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A DRP would work, but not all company owners are willing to give up shares to build the value of remaining shares.
T_j - ARV getting close to a $1
Well done - rewards for keeping he faith eh
Yeah it has about one tenth the potential of Ryman, there is nothing really for Mr Market to understand except that this is primarily a care based company with a few add on villas as opposed to the big three being primarily property development companies ( More so with Ryman and Sum) Once Oceania lists Arvida will have another company to compete with on an Apples for Apples basis.
I am not sure where you get your numbers from, but a report prepared by Forsyth on 23rd march listed the following PE:
ARV 15.2x
MET 15.3x
RYM 23.9x
SUM 20.0x
Prices have changed since then meaning the above will be slightly out of date, although they do provide a nice graph showing MET and ARV are always the lowest for "12 month forward PE ratios" at around 15
I'm not saying they are going to be the next Ryman, but I also find it interesting how the market continues (or use to) to write off ARV's potential development capabilities
The PE ratio for ARV on close tonight according to ANZ securities is 75:eek2: PS- Please re read the last sentence from post #126 tj and let it sink in, you really must stop comparing Apples with Oranges.
If the PE is 75 and the div is 6%, where is the money reinvested into the business for growth?