I thought it was where the old Burma Lodge was? Remember going there for work Xmas party one year
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The sports field at one end of Malvina was definately a landfill, not sure about the complex itself. Malvina has been a thorn in Rymans side since they took over the old Burma lodge and started to add onto it to become what it is today. It was the one and only time they ever added onto an existing building and it has been trouble ever since with numerous issues which have and are continuing to soak up vast quantities of cash. Obviously the site itself contains risks not encountered by other sites they have since chosen.
Solid result from the Best of breed, with a lot in the pipeline so to speak.
HALFYR: RYM: Ryman reports first half profit of $76.5 million, up 9%
I have divested profits from MEL into RYM this week as their prospective PE's make RYM a bargain.
That 23% increase in shareholder equity is the real measure of value
2013 100.2 / 84.1 = 19.1%
2014 118.2 / 100.2 = 18%
2015 136.3 / 118.2 = 15.3%
2016 157.7 / 136.3 = 15.7%
2017f 180 / 157.7 = 14%
Is RYM evolving from a high profit growth company?
SUM may have a few more years left as a young high growth company?
If there is a population drift from earthquake prone areas to the rest of the country maybe that will benefit MET which has a greater % in Auckland?
Not really mate, that 14% could just as easily be 16%, bet they will be over 15% again. Most reliable and consistent company on the NZX over the long term. Of significant note from those results is the 97% care centre occupancy, thats industry leading, and speaks volumes about the Ryman brand.