Originally Posted by
trader_jackson
Finished on $1.09 today... astonishing, and not in a good way, the share price has almost halved over the past year, yet profits, cash flows, you name it are on track to exceed the previous year (ie records will be broken!) with an extremely solid 1st half recently confirming this
The surprising thing in all this is ARV is one of the least leveraged of the listed stocks (ie least vulnerable to interest rate rises), makes some money on the care side of things (unlike SUM others) + produced much better results than OCA and RYM recently, including being the only one to actually see an increase in profits (both IFRS and underlying).
With an NTA of $1.93, recently increased profits and cashflows (which are expected to continue), topped off with a very solid 8 year track record of steady growth in dividends and earnings per share, a share price of $1.09 (44% discount to NTA) would seem unreal... yet that is ARV as it stands today...
We live in crazy times, but crazy times can throw up unheard of and rarely repeated opportunities.