Pathetic volumn....I dont believe it can be considered an all time high....a 1/5 split in the early 2000's at I believe at $11.30 something ??????.
cheers
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Pathetic volumn....I dont believe it can be considered an all time high....a 1/5 split in the early 2000's at I believe at $11.30 something ??????.
cheers
oooops....the volumn picked up somewhat after my post.
This will be why the volume went up, 5% brought on the 11th and another 1.7% since.
http://nzx-prod-s7fsd7f98s.s3-websit...883/279074.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...941/279161.pdf
Another period of sub par (aka under 15%) underlying profit growth...
The share price will some how push higher, and the PE will somehow get even more ridiculous
How can PE be ridiculous at current level of 27.6 based on underlying earnings?
Ryman had a reasonably strong second half to achieve 14.2% as first half growth was 11.4%. I'm fairly happy with this and its in line with Ryman's expectation of doubling the size of the business every 5 years.
17 years in a row of growth is the reason for the high PE.