Arvida Group: Q4 Update; So Far No Drama
Arvida Group's (ARV) 4Q investor update gave us three main takeaways; (1) demand remains strong with the number of resales largely flat versus 2H22...
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Arvida Group: Better Covenants; Worse Debt
Arvida Group (ARV) has announced an amendment to its interest coverage ratio (ICR) covenant for its next four reporting periods, as well as the...
367 Views
Aged Care Sector: Tide Is Going Out; Debt Coming to the Surface
The three aged care stocks with March year ends (Ryman [RYM], Arvida [ARV] and Oceania [OCA]) have tripled net debt over the last five years; As a...
273 Views
Aged Care Sector: Montgomerie-Ibbotson Aged Care Pricing Index (13-Dec-2022)
Our Montgomerie-Ibbotson (MI) index decreased very slightly in November, down -0.1% versus October 2022 and up +5.1% vs November 2021 - this is the...
453 Views
Aged Care Sector: What If? Fast Track to Ex-Growth
The aged care sector is valued around or significantly below equity book value, which suggests to us that the market is losing confidence not only...
363 Views