Slide 26 is important
http://nzx-prod-s7fsd7f98s.s3-websit...805/294060.pdf
Printable View
Slide 26 is important
http://nzx-prod-s7fsd7f98s.s3-websit...805/294060.pdf
Despite results being out for half an hour now, the silence on here is truly deafeningMakes my other holding ARV look pretty good at least
because speeding up more care bed conversion in next period has caused the decline this would be benifit as more cashflow again next time
Development programme across other key sites continuing to accelerate with 587 units and care suites now under construction across nine projects.
Everybody still reading all the good bits tj
Numbers this time round don’t mean much ...it’s believing the future
Development sales of 65 v 23 same period last year is pretty good ...and margins around 30% even better
And completing 81 units v 46 pcp is pretty good too.
81 care suites completed this half. 191 apartments and care suites to be completed second half so this is really a second half story.
Good that all developments are on track and on budget, no easy feat in this market. I will continue reading before posting more.
Posted in an other forum on 14 January
Result is in the okay range...good that all future developments are on track and well over 70% of future developments now consented.Quote:
Poor result is anything less than last year's underlying profit of $19.9m (subject to narrative and outlook).
Okay is $20-$24m but if towards bottom end the outlook and narrative needs to be encouraging.
Good result $24-$28m
Really Outstanding $28m+
Remember that the development program is heavily weighted towards delivered units in the second half by about 180:90
All figures are based on underlying profit.
I think the outlook and narrative is encouraging.
as was saying before xmas care bed conversions are the growth area so as they are accelerating this that is good for cashflows , need to get more villages for longer term cashflows after the conversion is finished
All good, remember at least 5 years for this one to hit full revs, expect after full year result market will start to wake up.PS-Think Defensive/Think Value/Think long term.