Initially maybe but the big players can't be fooled. Disc-Sold my holding a couple of days ago when there was no run up on the share price and I was pretty certain they wouldn't make the 15%. Will be a better re entry price coming up
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RYMAN - 55% of the NZD383.4 million operating revenue it generated in the 2016 financial year came from the provision of different medical and age-care services, 32% from the sale and resale of occupancy rights, and 13% from ongoing management fees.
SUMMERSET - 75% of the NZD140.2 million operating revenue it generated in the 2016 financial year came from the sale and resale of occupancy rights, 16% from the provision of different medical and age-care services and the remaining 10% from ongoing management fees.
These two are playing somewhat different games, RYM is weighted towards aged care and SUM is reliant on occupancy sales.
Simon Challies stepping down as CEO due to Parkinsons disease. After 18 years of service to Ryman, it's time to look after yourself. Congratulations on a fantastic phenomenal job, well done!
Is my math correct assets grew by circa 900million
the new CEO should share similar with the Simon, and should have taken more responsibility since Simon was not well I guess, so not to worry about there... RYM is more expensive compared to SUM and ARV but it has 16 years of growth, maybe when SUM had 16 years of growth it would be more expensive then RYM atm. DYOR and Disc-holding