Changing its name to Ryman or Summerset would probably help...?
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Weeell, yeah, I do agree with that!
I would like to see a nice SP break out like Summerset had earlier this year..
Yep, good solid result and SP down. Divi + special due soon as well.
tj - have Forbar raised their target yet. Wasn’t the last one $1.61 or something
They pretty keen on it eh
Although forecasts for coming years were raised, just not that target price... so it remains at $1.52 (it was $1.61, then labour got into power or something)
Finished at $1.27 today, below $1.30... reminds me of when I said OCA wouldn't go under $1 again, it kept going quite a few times under that dollar mark...
Probably see development & subsequent unit deliveries nearly doubling for ARV over the coming 3-4 years (excluding any acquisitions)... market clearly isn't so convinced at the relatively fast pickup in build rate, or if this can be sustained
That other share that starts with A winner69 mentioned did even worse than ARV today, Mr Market clearly not sure what to think of anything really
Debt facility increased from $150m to $250m
Good banks have confidence in them
Nothing like a bit of debt to keep things going
Bigly increase - banks have huge confidence, Mr Market, well clearly not so much... not even close to that $1.50 mark
I think sum others have gearing neary twice as much as ARV (at FY18), seems to have worked very well for them so maybe $250m is still to conservative and need to pump up that debt etc more?
Nobody seems to care about interest rates and costs of borrowing
Adjusted NTA according to directors is about $1.28. PE isn't far off Summerset despite having a shorter and less impressive growth track record. Maybe its simply a Labrador and not a greyhound ? (as I suggested some time ago). You get reasonable divvies with this one unlike many others so simply give the lab a pat and enjoy the steady ride.