And a minutes walk from the funeral home up the road
Printable View
Funny as the fight between Progressive and Foodstuffs in Newtown.
Progressive were really pissed when Foodstuffs 'stole' the Tip Top site from them. It was going to be the car park for the Countdown. Buildign had to be redesigned to allow for an undergrowund carpark etc etc
Foodstuffs paid an outrageous price for it but achieved their aim of pissing Pprogressive off. Hopefully Ryman got it a lot cheaper than $8m.
Foodstuffs (according to folklore) encouraged (paid_ the local night time artists to do some beautification of the building in an really ugly way so the nice new shiney Countdown looked a bit out of place. After a while a peace accord seems to have been reached and not too much graffiti on it at the moment
Whatever Ryman build hope they don't have something the Angus Rita in Kilbirnie .... that's an eyesore in its own right
Interesting Milford have little exposure to Ryman in their biggest funds (not amongst the list of holdings of 1% or more of the fund)
Have Summerset though
Without doing the sums properly it appears that have a (surprisingly) low exposure to the retirement sector in their Trans Tasman holdings
Milford does not like Ryman because Brian thinks continuous 15-20% annual growth is too conservative:
Brian Gaynor: Top firms need to lift earnings performance
Quote:
"Ryman Healthcare has excellent long-term growth prospects but it only has targeted earnings growth of between 15 per cent and 20 per cent per annum because of land constraints and the unwillingness to take on too much risk."
Best Wishes
Paper Tiger
Unlike Brian I prefer to hold Ryman instead of Mercers [non-retirement sector].
It is 10:55pm where I am so can't go into too much detail at the minute.
To briefly answer your question (kind of) is… well… it depends. Refer to this post from PT for the issues to think about:
http://www.sharetrader.co.nz/showthr...l=1#post481906
..and this post from Roger is very helpful and may help clarify:
http://www.sharetrader.co.nz/showthr...l=1#post480634
Suggest you read and absorb the last 8 months of posts on this thread to clarify further; there is a lot of other good info amongst it all too.