Sell orders are fast disappearing. Expect some pressure around 4pm & tomorrow... especially with the rest of the market consolidating today - strap in for tomorrow.
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Hi Winner69, I price ARV above $7 per share. The half year profit is 8% down, Q3 is 17% higher and Q4 prob 25% higher than 2020. For the long term perspectives, ARV is one of the most exciting companies in the sector. Relative Small market cap with fast growth rate, it will become RYM and SUM size within 5-7 years.
The industry average PE is 28.20 now. If ARV backs to industry average PE, SP should be placed at $2.05/$2.06. If ARV backs to industry average PB, SP should be placed at $2.85.
time to worry? "Some contracts risk breaching consumer law says chief executive."
https://www.nzherald.co.nz/business/...VT7KFMUFHYU6Q/
Changes and regulation review in the industry are good. Let those operators to pay for the maintenance and repairs. They could simply pass those expenses to the occupants, top up with a 7-10% management fee by lifting their weekly service fee. Some money from the this pool could be saved and improve operating cash flow. Less disputes betw operators and occupants.
Bond issue presentation http://nzx-prod-s7fsd7f98s.s3-websit...818/339444.pdf
Smart presentation. Feeling good about ARV alongside OCA, both forming a large portion of our portfolio going forward. I maintain the view that Ryman, Summerset & even MET were once $1.60ish and I believe these two (ARV & OCA) have a better plan and potential than the others did at the same stage of their journey.
I don't think any of the others had anywhere near 95% of their future development pipeline already consented ?, that's really impressive as is OCA's mid 80% level.
Interesting to note that 84% of ARV's care facilities are the 4 year ministry of health "Gold Standard". Obviously MOH think their care facilities are first class ! (Gives me the feel good factor that residents are being really looked after). Large future development pipeline at the prestigious Bethlehem Tauranga and Queenstown facilities are also notable and these very high end villages will make an excellent template to roll out in future Greenfields developments.
Frankly I think the whole sector will do extremely well in the years ahead but this and OCA have the potential for the market to accord them a PE commensurate with SUM and RYM so theoretically these have more potential to outperform although matching RYM's PE is probably a tall order given their reputation. (But...food for thought... is RYM's reputation now a bit besmirched with years of sub par underlying profit growth ?) The key to unlocking a higher PE is years of consistent underlying eps growth and that means maintaining decent development margins over time. That's going to require developments skills and careful cost discipline.
Maintaining cost discipline with staff costs broadly in line with MOH care fee increases is also going to be a key factor.
The wetlands regeneration at Bethlehem Shores really cool effort
Once the tracks and viewing platforms are up I see many sitting out there admiring the wildlife
Yes I think I could imagine myself sitting there in the sun (with my recycled straw hat) in my chair with a cider in hand thinking such a regeneration project was very cool. Very cool village that Bethlehem shores.
https://www.arvida.co.nz/living-with...thlehem-shores
Did anyone have an opinion on the retail bond offer interest rate? It is not much over 4 months since OCAs and it seems higher than I would have expected.