So they have a market cap of $3Bln and raised $900M only a bit of a year ago.
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So they have a market cap of $3Bln and raised $900M only a bit of a year ago.
Hi all. My latest column published on my Substack, Just the Business, looks at the man who has just become executive chair after the abrupt departure of former chief executive Richard Umbers.
The headline is: Who is Dean Hamilton and is he up to the Ryman challenge?
You can find it here: https://substack.com/@justthebusinessjennyruth
This price action is looking pretty dire - full fledged breakdown now. What is going on?
higher for longer... Oz real estate stonks not looking good either..
It probably didn’t help some analyst suggested the other day they might need to cap raise again
Ryman was all about growth ambition until the Covid era.
70% growth target by 2020 in 2015. https://www.nzherald.co.nz/business/...EF22BMITFHPHY/
The sky was never going to be the limit for house price inflation. Indigestion was going to set in. Although hindsight is great!
Close at $4.15 - this is a new 10+ year low point! No one predicted this during the stock's halcyon days. Perhaps growth should no longer be the ambition after a certain point - look for the sweet spot, scale back the overhead/development and treat shareholders with the respect they deserve.
Board members in this sector are captured by a vision of the social good to be achieved, which leads to excessive exposure to various risks inherent. And there are an escalating number of unlisted operators intent on eating their lunch in the more upmarket segment - think Hoppers, Generus Group and a number of others with scale who leave the care component alone. And quite a few now advertise that they share profits on exit as well, which has the capability to impact the conventional RV model.