Looks good. I like the way they continue to evolve their business plan and methodology.
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Looks good. I like the way they continue to evolve their business plan and methodology.
Another week passes and again RYM outperforms SUM
One day you guys will get it right
Have a look back at the link I recently posted. They're targeting 250 new units this year, a growth rate of 25% over 2013, they're bringing all development in house this year and aiming to increase their development margin significantly and looking at procurement benifets for materials. As they continue to grow their leverage with suppliers grows, (economies of scale). Looking further ahead they plan on 300 new units in 2015 and they are extremly well positioned with their seven year land bank for further growth ahead after that as they continue to refine and develop their business model. I don't know what you're basing your assumption that growth will slow from 46% all the way down to 20% on, but I couldn't disagree with you more.
There's a lot of money to be made when you buy a company with exceptionally good long term growth prospects on a PEG ratio of less than 1. You only need to find a couple of these sort of stocks in your lifetime to retire very comfortably indeed, I can't put it any more plainly than that.
There must be an added incentive to near retirees, especially in Auckland, when deciding whether to soldier on stubbornly in their own home defying the realities associated with old age, or to "give in" and enter a retirement home - that the home they have in so many cases owned for years has appreciated greatly in value. That a potential capital gain should be taken. Auckland is very much a special case in this respect for several reasons.