Arvida sparks aged sector buying spree
Private equity bid has acted as a catalyst for a re-rating of retirement sector counters, considered significantly undervalued.
Arvida’s Queenstown Country Club.
Shares in retirement sector stocks Ryman, Oceania, and Summerset continued to track up on the NZX on Tuesday, as a spillover from the $2 billion bid for Arvida from US private equity company Stonepeak.
The biggest gainer across the foursome by early afternoon was Oceania Healthcare, which added 7%
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