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...
241 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...
208 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...
409 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...
301 Views
Arvida Group: 1H23 Result — Slowing Down to Speed Up
Arvida Group (ARV) delivered a confident 1H23 result, slightly ahead of our expectations, driven by very strong resales gains partly offset by...
280 Views