Dear mini...may I suggest that the real closing price was 9.70....
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Dear mini...may I suggest that the real closing price was 9.70....
My 50% ratio hypothesis sticking like super glue again today, Sum up but Ryman up also ,hence Sum horse not gaining any ground on the front runner.
All the retirement villages are up today, while the market is down
Think there is some very good energy in the announcements for RYM and it will relay to other retirement operators. Great up trend and I like the outlook.
Some interesting comments comparing DMF for the three big retirement villages. From Morningstar’s latest recommendation on 23/11/17.
Boring old Ryman continuing with its same old boring predictable conservative long term strategy, which is very successful but not exciting. Boring is good.
“Market conditions are so favourable Ryman could raise its prices, but the board and management appear to be playing a longer game, focusing on service over profits, which provides increased comfort in the long-term earnings trajectory. Ryman’s conservative pricing is illustrated with the deferred management fee, or DMF, of 20% of the unit's entry price. For individual living units and serviced apartments, the DMF to Ryman accrues over five and three years, respectively. Major competitors Summerset and Metlifecare charge higher DMFs of 25% and 30%, respectively and the DMFs accrue at a faster rate for both.”