Great result, news of the (extra) special dividend must have leaked yesterday... underlying cps growth of 16% - that is better than ryman, but who cares ARV must still be a dog.
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Great result, news of the (extra) special dividend must have leaked yesterday... underlying cps growth of 16% - that is better than ryman, but who cares ARV must still be a dog.
Maybe I should not have been so bullish and excited the last few days ....word on the street wasn’t as reliable as usual
But $1.50 share price still on cards by end of June
A VERY long way short of the $45 - $50m underlying profit doubling from last year. Development margin only 19%. Can't be that good at doing their SUM's can they !
Outlook comments about costs weighing on the sector...didn't sound all that optimistic did it !
Yeah... NAH...better off sticking to SUM other company with a much longer track and well proven record of strong growth.
Underlying profit up 43% odd but I'll leave others to work out the lower rate that applies to underlying EPS growth due to the significant share issue during the year.
I, and clearly Mr Market, didn't realize they indicated 37m, in fact the actual consensus was around the 30m mark I thought.
$45-50m underlying would have been wonderful, but we'll have to wait another 9-12 months for this.
Lets see how Mr Market treats this dog today.
Shame they had to pay a special dividend just to get it into the 60-80% payout range, and couldn't re-invest more for growth... wouldn't want to drop below it otherwise the residents, many of whom are also shareholders, would be dumping
This is a great result, the underlying earnings growth for the last 2 yrs nas been 46% and 43% respectively. I`m not seeing any fancy accounting in there skewing the numbers. The result is just what I would expect from a young retirement village operator with loads of development pipeline. IMO this result is just where it should be ... not too hot or too cold.
Share price well into the 130s
Go you little beauty
Fantastic result. One of the reasons I picked ARV was because of their bias towards care revenues rather than property - I thought it would be good in the context of real estate headwinds likely in the near future. I haven't had the chance to look too closely at detail yet, but eh headline highlights for this result seem to bear this out.