OCA and ARV have about same shares on issue?
ARV EPS higher?
ARV the first out of the block to say it isnt afraid of higher rates and head winds.
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OCA and ARV have about same shares on issue?
ARV EPS higher?
ARV the first out of the block to say it isnt afraid of higher rates and head winds.
Arvida Investor News today confirms guidance of Underlying Earnings of $67m plus a bit more from recent acquisition - they didn't actually say that but the numbers given and the charts said that
eps just over 13 cents for F22 .... and F23 looking good as well
" EPS 13 cents "
AAAY? what PL Balance sheet did you extract that from .....
removal of ...
Change in fair value of investment property 6. 123,547
the one good thing about the reports is that the PDF is indexed...
i think both OCA and ARV have nothing much in the way of cash in the bank profit...
in fact ARV looks insolvent almost ..
I'm with you on that Waltz....think you might need to update how many shares you think ARV have Winner.
I spent a couple of hours on this one this morning and I also came up with your npat Winner of around $68m. That's a massive lift on their last 2 years. So we do agree on NPAT but due to so many shares now on issue I only get 9.4cps. ( less than last year:confused:)
I'll put a caveat on this prediction is that I only put a half arse effort into it not with my usual intensity, but it certainly gives a very solid growth indication. Problem is they keep buying stuff and issuing new shares so the EPS seems to always be held back due to the dilutionary effect. Plus it just gets so damn confusing to keep track of.
I never liked ARV in the past as they just kept buying stuff that I couldn't see how they could add much value to. But I do like the quality of their building program and working with the stuff they now have trying to increase their build rate ( and housing has gone up a sh*tload in the mean time) ,I'm starting to like them a little more.
The 2 things I don't like about what they do is their build margins are low due to being more provincial and and their build rate is a little light for their size. But to be fair I suspect these acquisitions are trying to address that.
I think its a good company and I like it a lot more than I did but without high volume deliveries ( like SUM ) the lower new build margins just arn`t enticing enough for me to " diversify " to this one....sorry TJ:)
Underlying PE of 18.5 times for ARV. Yeah...NAH. Only SUM deserves a PE like that.
I'm not bothering with the weighted average number of shares on issue during the year, (because that's just window dressing).
Weighted average number of shares for F22 / 67m was their guidance before acquisition / acquisition expectations about 33m in first year / so the 67m plus needs to add the plus bit of say 3 months new business / remember acquisition is eps accretive eh
I'll stick with 13 cents ..... probably wrong again but good story
Agree that they have keep raising more and more and added little real value ..... but this time it is definitely different
it will probably disappear down the gurgler to pay for stuff...
most commentators on CNBC today saying costs are set to trickle through into PL' in the next 2 QTR's in construction.
But that was for US and AUS...still it flows around the pacific RIM doesnt it?
how's concrete getting on?
That's the thing with this company. You just cant keep up with all this buying stuff and share issues . All the accreditive things that do ( or don`t happen) just become a fog. I do trust the brand and management but I'm always extremely nervous putting trust into things I can see or measure for myself.
Bless their souls that they are trying to grow and probably ultimately will succeed but its like watching the All Blacks advancing but ever throwing the ball sideways.
I do hope you're right with your EPS Winner, but Ill only trust it when I see it.
you are sooo naughty...
Jeez waltzing …..you are full of gloom today mate ……probably too much CNBC ..got to wean yourself off them.
Bitumen going to be next big problem they say …getting to stage where they mightn’t be any in Nz …either dirt roads again or we splash out on concrete highways
That bit Bless their souls that they are trying to grow and probably ultimately will succeed but its like watching the All Blacks advancing but ever throwing the ball sideways. could easily apply to Oceania couldn't it
Maybe it's something to do with both raising significant amounts of capital (ARV a lot more than OCA) and not really seeing much improvement in operational finance performance (Underlying Earnings) ....compared to SUM and RYM who haven't raised anything (SUM has DRP though)
Is this why the market favours the RYM and SUM of the world (higher multiples / premiums) over ARV and OCA .... point to ponder