Kevin Hickman still has 10m shares, so if he doesnt have the confidence in the firm, why would he leave $50 million of his money?
My guess is, he wants to fund some of his new investments that Ryman as a firm cannot get into.
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Kevin Hickman still has 10m shares, so if he doesnt have the confidence in the firm, why would he leave $50 million of his money?
My guess is, he wants to fund some of his new investments that Ryman as a firm cannot get into.
Ryman CEO Hickman sells down
22 December 2005
Chief executive of pensioner home operator Ryman Healthcare Kevin Hickman sold his stake in the company down from 15 per cent to 10 per cent yesterday.
The 5 million shares were sold to institutions at $5.00, a 20c discount to yesterday and today's closing price.
UBS broker Richard Leggat said it was usually a bad sign when management sold shares. "But he still has a lot of skin in the game which is a comfort," he added.
Chairman David Kerr said that if the company was going backward it might be seen as a negative, "but that's not a description you could apply to Ryman".
He said Mr Hickman's family was heavily exposed to one company and it was sensible to spread his investments.
Ryman has been one of the best stocks in the top 50 index this year, rising from $3.65 at the start of the year. At the start of 2004 it was priced at $2.23.
$5.68 and not a single seller!! My target of $8.50 in 2 years is looking increasingly achievable. Please see previous page for complete analysis.
MET appears to be fresh out of sellers also.
Mrrrmble! Urrmmmblll! Rrrmmmmmphhh!!
Placebo, once again I am impressed with the quality of the analysis presented on our site.
Brrmmmmmmmmm !
see WAM thread for details ;)Quote:
quote:Originally posted by k1w1
Placebo, once again I am impressed with the quality of the analysis presented on our site.
Brrmmmmmmmmm !
went past $6 today. 20% gain in 3 months or so. If you have some, hold on as I can see my valuation of $8.50 to be met earlier than i thought.
$6.25 and still looking strong....
Grrrmphff! Rrrtfh ampffff hurrfffff!!
??
Quote:
quote:Originally posted by Placebo
Grrrmphff! Rrrtfh ampffff hurrfffff!!
Placebo,
How can it be a ramp when I've already disclosed that I own shares in Ryman and provided a comprehensive analysis to support a $8.50 valuation in 2 years' time? When the SP trends up, my postings here are merely reinforcing the attractiveness of the stock. So anyone looking for a "boring" stock with 20% upside from hereon can read my analysis and if it is sound, go ahead and make some money yourself. The SP has been going up from $5 since X-mas and my ramping has nothing to do with it.
Are you capable of proving my analysis is wrong? Otherwise, I think it is a case of sour grapes.
TB,
He's not accusing you of ramping as I understand it from another thread, but Placebo is not allowed to say anything about a SP or it goes down...so when he sees one going up he just makes grunting noises so as not to send it spiralling back down
Fascinating last few posts, from which we can learn that.
Careful technical analysis can extract meaning from data where none (probably) exists. ;)
Some people can be a bit touchy, especially when they are r***ing. ;);)
But other people are paying attention. [^]
regards
Paper Tiger :D