feeling sick from missing this one... so much for snoopy view.. great on banks... not so hot on auckland and asian pacific city...
amazing...OCA should follow in a year or 2 or is it moving already.
Printable View
feeling sick from missing this one... so much for snoopy view.. great on banks... not so hot on auckland and asian pacific city...
amazing...OCA should follow in a year or 2 or is it moving already.
https://www.sharetrader.co.nz/attach...3&d=1593474174
Hey Coutts me ol mate. What's going on here ? SUM now more than 74% of RYM...never been that high before. Coutta theorem no longer applies ?
Winner mate, you need to update your chart.
RYM growth in underlying profit in the last 4 years has been 13.0%, 14.2%, 11.5% and 6.6%.
Its been 5 long years since they last slightly exceeded their goal of average annual underlying earnings growth of 15% per annum. RYM shares have actually underperformed the NZX50 in the last 5 years. Not really setting the world on fire with growth lately. Maybe when Simon Challis left the magic left with him ?
Maybe Earl Gasparich is the new Simon Challis ?
Anyway back to SUM. Wonder if Julian will pull another rabbit out of the hat with Q4 sales ?
Won’t just be a rerate of RYM that restores the balance, it will be an OMG SUM it’s overdone and rerate down as well, imo. 75%, ridiculous, both sides will move soon. Wild card is the loose money from MET looking for a home, could upset the CRT for a bit longer before reality restores the balance. Interesting times in This sector.
The dog is calling it. R.I.P Coutts relativity theorem. In my opinion it will soon be relegated to the dustbin of history as the best sticking theory on price relativity that never had any factual basis behind it. In the long run the market is a weighing machine, not a voting machine and earnings do matter.
I'm right at this point in time though :p...and no there was nothing intended for ATM shareholders in that post either explicitly or implied. Actually I'm really enjoying my break from that thread and I'd wager you and a few others are really enjoying me taking a break from it too lol