Yes, they certainly make their retained earnings work.!!! May be a good discipline to pay a divie.NZders do expect companies to pay a divie.May not attract sharehoders if they did not.ie I don't know.!!!
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So we are half way through the first half. Anyone heard any wispers regarding how Ryman are getting on with their sales and or progress in Australia ?
On an unrelated matter, notice how all the Amercian companies report quarterly...makes you wonder in this day and age of computerised accounting systems why N.Z. Companies can't follow suit ?
I'm not sure that we really want quarterly reporting though. There's an argument that the US system causes undue emphasis on managing for short term results, perhaps to the detriment of medium and longterm planning.
Current requirements to keep the market informed of sensitive info should be sufficient, IMO.
A fair chunk of Ryman is owned by Taunui and Ngai Tahi isnt it? and have been for awhile, so i doubt they are concerned with quarterly reporting.
Given that Ryman consumers are mostly/entirely grey haired old white folk, I am sure they are loving this investment.
Anyone able to expand on the price drop and the number of shares sold today?
No idea... but could be a good opportunity to top up?
think its due to Tainui selling their 4.5% stake:
http://www.stuff.co.nz/business/indu...ke-to-cut-debt
and the other tribe didn't buy either
NOt great that a major holding sold out but I dont see any real reason for the drop in price and would expect it to bounce up in a couple of days when people forget why it dropped in the first place.