ARV - Arvida Retirement Villages

[Lego_Man]

I noticed ARV major shareholder is Forsyth Barr, and it purchased a parcel of RYM off-market on 30th of May. It was the bottom. Now, you bet it may sell or just hold?

https://api.nzx.com/public/announcem...211-420096.pdf

I know exactly what Forysth Barr will be doing - lining up an offshore merger fund to take a large block from their clients, then pitching a rotation from ARV to OCA or RYM which are their preferred picks. One of the reasons why flows will support the share prices of both in the short term.

Very profitable for them just on brokerage.

[kiwikeith]

for institutional funds, they placed large bids around $1.60. if the result is yes, then they may have some profit around 6.25% ($10c/$160c) within couple of months. If the result is no, the bid price may increase by say 10%, 16.25% for 3-4 months.

Yes well 10% of the total shares have changed hands so far today. That is a lot.