Vaygor - I love it when you get grumpy
That was a very good post
No doubt you are not worried about the ballooning debt that’s taken leverage to over 66%
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Vaygor - I love it when you get grumpy
That was a very good post
No doubt you are not worried about the ballooning debt that’s taken leverage to over 66%
Parcel of almost 3-million moved this morning @ $12.73
In Aussie things getting tough for this sector, note the last two sentences.
"The sad facts are that the retirement industry is presently facing a perfect storm where public opinion is at an all time low (the Earl Haven Retirement Village fiasco on the Gold Coast hasn't helped) at a time when Federal and State Governments are under the pump to protect the elderly with legislation. Witness the new legislation where operators are required to compulsorily reacquire ILU's even if a re-sale has not been enacted. The additional capital required to run the DMF model is growing hugely." H/C
Anyone else having an issue loading the Ryman AGM stream? Can see slide but black space from venue and no sound. No connectivity issues this end. Not a great look!
Oh there we go...10 mins in.
Thanks Gecko,
I'm enjoying the live streaming now...
Cheers,
limmy
Apologies if already posted but found this just now whilst browsing around.What a great App.
Ryman Healthcare technology wins top international award
An excellent presentation by Ryman CE, Gordon MacLeod, at today's NZ Shareholders Assn conference in Christchurch.
One of the charts he displayed on the screen showed the astronomical forecast growth in the over 80's population over the coming years. I can't recall the actual numbers but I doubt that RYM, SUM, OCA, ARV MET combined will have a hope in hell of dealing with the opportunity.
Interestingly, Gordon referred to the title of this thread, and said boring is good. They spend every day focused on doing the best for their residents and staff and basically, everything else falls into place.
PS. The NZSA is doing sterling work to support and protect the interests of retail investors. It costs $145 pa to belong - and Past president John Hawkins said, provided you have some income from share dividends you can probably claim the fee in your tax return. (This is not tax advice.) If you're not a member, please give consideration to joining. https://www.nzshareholders.co.nz/
This from 2 days ago. The Ausralian Financial Review.
For Melbourne and Sydney, House price growth 'close to boom times'.
Link...
https://www.afr.com/property/residen...0190930-p52wda
C’mon folks - have to move with the times and if old nice buildings have to be knocked down sobeit
Like this bit from Ryman -
The village operator also thought it was a nice quirk of history that the site built for the education of baby boomers in the 1960s was now being converted into a different use for them in the next phase of this site’s history.
http://wellington.scoop.co.nz/?p=123373
On other threads posted by Beagle. Applies to RYM as well
Quote:
Real estate going gangbusters in the regions and doing okay in Auckland too https://www.reinz.co.nz/Media/Defaul...ber%202019.pdf
SUM very well positioned with the widespread geographical locations of their villages. Hawkes Bay for instance up nearly 17% and Nelson up 11%.
National Medium up a whopping 8.2%.
No wonder RBNZ stayed on hold yesterday...(probably had early access to these very strong statistics)
Quite devastating report on Radio NZ about Ryman throwing out a resident in need due to lack of space in their care department:
https://www.rnz.co.nz/audio/player?audio_id=2018722653
Evicting a resident of six years on Christmas eve and dumping her into the public hospital. Apparently they just discovered that day that the lady needs now hospital level care and that their own care facility is full and that they can't accomodate for her. How convenient - for the rest home.
Nice Christmas prezzy as well. I am wondering whether they just forgot to put something else into her stockings?
And Ryman is supposed to be the gold standard of retirement care? Really?
Not much you can do if she needs medical attention and they are full. Cant build more beds overnight - if anything it shows how good an investment this sector is becoming