ARV - Arvida Group

[Untamed]

LOL love it.  Due to a very unusual, (for me), mistake I made when selling out some time back I got left with 7 shares, yes, I know, it's a 'huge" holding for me lol
Cheap ticket to corporate entertainment at the ASM.  Even more fun would be transferring 1 of them to Untamed so she can attend as well.

Dammit! You're too late. I could have made $1.70 for nothing 

[Untamed]

Yes thanks W69. A bit of a joke. NTA goes up since late last year when they disclosed they had rejected an offer then accept the same valued offer today. The Board and CEO haven't got a clue. Get out of jail free card.

I'm asking myself why the hell they announced staff cuts last week, when they knew this was a done deal? Why would they do that? Part of the negotiated deal? (or am I turning into a conspiracy theorist?)

[Shareguy]

Fantastic news for holders. Looks like a high chance of being successful. Will be interested to see what happens with others in sector given the multiples.

Another loss for the NZX.

[Breezy]

Fantastic news for holders. Looks like a high chance of being successful. Will be interested to see what happens with others in sector given the multiples.

Another loss for the NZX.

OCA next out of the blocks I'd say at $1.10 a share.

[Untamed]

OCA next out of the blocks I'd say at $1.10 a share.

F*k! that. I would not accept at that price.

[Basil]

Wonder if the bonds get repaid at face value or carry on for the full term ?  Disc: I have quite a few bonds.
Quick read of the scheme implementation agreement...the answer didn't jump out at me but it's a long and complex legal document.
https://api.nzx.com/public/announcement/434816/attachment/423099/434816-423099.pdf
Just the other day I observed that ARV had $1.72 per share in embedded value.   If the company can be managed by people who actually know what they are doing, I would say Stonepeak are likely to get a good buy.  Makes you wonder if Stonepeak or MET's owners might go "dumpster diving" with OCA ?

[allfromacell]

Good call on ARV takeover target, Mr Basil.

[Shareguy]

Well Thankyou Arvida.

Sold out at $1.60. I might miss out on any potential upside from any increase in the independent valuation. There might also be further interest from the original company that was keen (if it's not them) or someone else. And of course there is a chance that this falls over.

At the end of the day I see better value with Ryman long term and invested accordingly weeks ago.

For Arvida funds there are opportunities that I think/hope will reward me further than waiting for $.10 

Good luck for holders.

[Mr Cashflow]

Dear Share Guy

Is it good time to buy or sell? I sold another global stock whenever it had a bounce. For my surprise it has gone up later. Don't you think sell partly and keep rest as a good staregy?

[Breezy]

Dear Share Guy

Is it good time to buy or sell? I sold another global stock whenever it had a bounce. For my surprise it has gone up later. Don't you think sell partly and keep rest as a good staregy?

Take a hike Bot.

[Basil]

Well Thankyou Arvida.

Sold out at $1.60. I might miss out on any potential upside from any increase in the independent valuation. There might also be further interest from the original company that was keen (if it's not them) or someone else. And of course there is a chance that this falls over.

At the end of the day I see better value with Ryman long term and invested accordingly weeks ago.

For Arvida funds there are opportunities that I think/hope will reward me further than waiting for $.10 

Good luck for holders.

Congrats mate.  Get out of jail free card taken and good for you.
ARV have had a systemic problem with their development model ever since they listed a ~ decade ago.
Development margins have been the lowest of the sector by A LONG way and was indicative of deep systemic issues regarding their land procurement and developments processes.

[Mos]

Good development. Will be nice to realise the value at $1.70 and redeploy funds.

[Shareguy]

Dear Share Guy

Is it good time to buy or sell? I sold another global stock whenever it had a bounce. For my surprise it has gone up later. Don't you think sell partly and keep rest as a good staregy?

I did think about selling some and keeping the rest, which is mostly what I do. However was lucky enough to own most of them under a $1 so a reasonable profit to be had. Also have been building a larger position in Ryman (My largest in the sector) and also still hold OCA and a smaller holding in Sum.  Sum I recently sold down to invest in Ryman.  Overall I made the decision to sell all in this case just based on my overall holding in the sector, which is over weight.

So yes selling some and keeping some in my opinion makes perfect sense and is generally what I do. There is a good possibility that the offer could get improved or further parties get involved.  Either way I'm happy to take a profit and move onto the next opportunity.

Good luck

[Breezy]

I did think about selling some and keeping the rest, which is mostly what I do. However was lucky enough to own most of them under a $1 so a reasonable profit to be had. Also have been building a larger position in Ryman (My largest in the sector) and also still hold OCA and a smaller holding in Sum.  Sum I recently sold down to invest in Ryman.  Overall I made the decision to sell all in this case just based on my overall holding in the sector, which is over weight.

So yes selling some and keeping some in my opinion makes perfect sense and is generally what I do. There is a good possibility that the offer could get improved or further parties get involved.  Either way I'm happy to take a profit and move onto the next opportunity.

Good luck

Lol your answering a machine, im sure his chip will be happy.

[allfromacell]

Lol your answering a machine, im sure his chip will be happy.

Yup, a few bots posting on both channels now.