Do you fancy Hobsonville?
http://www.nzherald.co.nz/business/n...ectid=11682330
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Do you fancy Hobsonville?
http://www.nzherald.co.nz/business/n...ectid=11682330
I went to Ryman's AGM on the 27th July and had an excellent time catching up with Forest.
Some recent law/rule changes in Melbourne (I recall in relation to proposed plot ratio limitations restricting buildings to 18 stories within certain areas) means a relatively large number of opportunities for retirement village sites are now presenting themselves to Ryman, who don't rely on anywhere near 18 stories/site for their business model to work.
I suspect if the proposed (albeit implemented) plot ratio restrictions reduce construction workload within the area, construction-cost pressure may also ease a bit for Ryman.
http://www.heraldsun.com.au/news/vic...73f30aeb40f988
Separate to this, Simon, during his part of the presentation explained even if the plan is to have 5 villages open in Melbourne by 2020, the plan also includes having 2 additional Melbourne villages in the development phase by then.
Was good to catch up Vaygor1 and I thought a good meeting to attend.
It amuses and surprises me that some companies on this forum are getting a disproportional quantity of post, but a company like RYM were serious wealth has been created and likely more to follow an AGM can past without discussion.
I think the site being Sharetrader attracts the type of person who mainly trades with a short time frame,and exceedingly high expectations,while a share such as Ryman suits a share investor who is more attune to long term trends,and the quality of the business they are investing in.
dear percy...Have i not highlighted this issue ...I detest folk who treat the SM as a casino...anyways I have just returned from a few weeks in norway iceland and greenland...anyways Norway...we may well compete as the least corrupt nations...but man...have they got it sorted,,,cheers
Would this cause any significant costs for Rym?
http://www.nzherald.co.nz/business/n...ectid=11700148