Financial info from the meet up was pretty weak, lower than anticipated numbers within the guidance provided.
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Financial info from the meet up was pretty weak, lower than anticipated numbers within the guidance provided.
I think most people will still see Ryman as a safe buy atm but I don't see it taking off until a dividend has been confirmed in November this year. The sp is likely to float around the current price until closer to November.
I think it's wise for leadership to be safe with lower forecasts within guidance, rather then promise too much, better safe than sorry.
The video of last years ASM was edited before it was posted online …..they edited out John Boscawens questions about how they fiddle the sales numbers
Transparency at its best eh
Seems he reckons F23 sales numbers are quite kosha as well ..NBR reports -
Long-standing Ryman critic John Boscawen, however, still had concerns with the company’s reporting of completed units in its annual report, saying that according to his calculations, 700 of the 13,600 claimed to be completed were in fact still in progress.
“Do you think hiding the fact that there are 700 units and beds that are not actually completed, in a footnote… do you think that’s adequate disclosure?” he quizzed both Hamilton and Higgins.
Higgins acknowledged Boscawen’s “passion” for the business and said while it committed last year to improving disclosure, it had not yet gone far enough.
“I’m disappointed I hadn’t picked that one up, actually… we will continue to work on that and improve it.”
Hamilton reiterated the commitment but stresses there was no “culture of hiding” at the business.
“Can we improve? My initial observation and the feedback is definitely, we can.”
Jeez 18% vote against Claire Higgins Re-election
Pretty damning I reckon
pretty bad update at annual meeting ... all about cashflow
Are we heading down into $5 territory? When is the turnaround?
Anyone heard anything about whether Ryman will provide a dividend? It was hinted that there would be news on this around November 2023 :x