I don't think so. To the best of my knowledge in terms of the first half second half numbers, they've never been so far behind the overall run rate required at the first half interval.
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yeah, that was my impression too. Will be interesting to see how this pans out!
Today I reviewed Ryman's webcast to Shareholders on 20 Nov 2015 when they announced their H1 increase of 6% in Underlying Profit.
Three times at least during the presentation they stated that they would reach their goal of 15% Underlying Profit for the full year. In all instances it was put across as a fait accompli… in a delivery manner that any reputable board would avoid if there was even the slightest hint of doubt.
I am so confident they will make an FY Underlying Profit of 15% or more in the announcement this Friday, I am prepared to put a friendly wager on it if there are any takers. I have a few rough reds to get rid of in the event I lose.
I suspect (hope!) that you are right, Vaygor. Sales of occupation rights will be "lumpy" when new developments are in the pipeline but RYM's management have shown that they have a pretty good handle on forward completions, sales and profitability. We"ll see.
Disc: Holding RYM.
I sold a bit early on the assumption they wouldn't make it. Will be surprised if they do.
Up another 3% today. Another day like today and they will crack $10.
Ryman underlying profit up 16%. Full profit up 26%.
The webcast should be interesting
Well they delivered on their 15% target. Impressive stuff
Nothing outstanding, but solid none the less.
Bang on Forsyth's forecasts (who also have a price target on $9.30, currently)
Don't expect much share price action given the substantial gains in the run up to today's results
Interesting note: For the first time ever, fair value gains made up more of 'revenue' than tangible (eg Care) revenues