Doesn’t seem to be online either
And 3.30 on a Friday
Seems they want to avoid shareholders
Printable View
Or they're anticipating heading to the pub to celebrate?
Well, I'm sure at least the presentation and the usual Chair and CEO addresses will be released to NZX this afternoon at some point. Just keep watching.
With the meeting in Christchurch anyway my attendance has definitely been "avoided", but it's my habit to proxy to NZSA. So it's only Q & A participation that's missing.
I don't really have time to read the ARV material so I got AI to do a SWOT based on the presentation from today.
http://nzx-prod-s7fsd7f98s.s3-websit...087/398918.pdf
Strengths:
- Increasing care funding rates
- Investment in employee brand and career development
- High retention rate of 70%
- Focus on capital discipline and cash management
- Proactive strategy for resilient growth
Weaknesses:
- Capital market sentiment overhangs total shareholder returns
- Gender pay gap of 0.5%
- Shortages in care workforce
Opportunities:
- Lower reported Covid infection rates positive for continued normalisation of care occupancy
- Focus on supporting teams with career development
- Intensive/brownfield builds phased, preference to higher value sites
- Conversion of care beds/serviced apartments to premiumise
Threats:
- Challenges in the economy and property market
- Pending regulatory reviews and sector focus
- Casual workforce has increased in the current environment
- Sales momentum
You/AI missed the bit in the Chairman's Report as follows:-
" However, in balancing the payment of dividends against the capital requirements of the Company, including the requirement to fund the growth of our portfolio, the Board has adopted a lower distribution range of 30% to 50% of full year underlying profit going forward. Dividends are expected to be at the bottom end of this revised range until operating conditions improve and business cashflows mature. "
Don’t know what words went with this ASM presentation slide but not really that inspiring…esp if they were trying to impress.
Maybe they picked a time period that shows ARV:NZX at least parity, whereas if they'd chosen the whole dataset, it doesn't look good at all https://invst.ly/10r4w6
Possibly, though I'd expected a reply that the comparison of ARV SP to NZX50 is not valid, as one doesn't include dividend returns and the other does. A comparison against the NZX50 Capital index (dividends excluded). Crazy how volatile these RV's SP are. https://invst.ly/10r51e