That's why I bought KFL.Quote:
quote:Originally posted by COLIN
Good for KFL too - RYM constitutes about 20% of their portfolio.
And because MFT which hit $7 today is 17%.
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That's why I bought KFL.Quote:
quote:Originally posted by COLIN
Good for KFL too - RYM constitutes about 20% of their portfolio.
And because MFT which hit $7 today is 17%.
Ryman is now worth approx. 9.50.
A stock split would take it to $2 post-split. Enjoy the ride for the next 2 years or so. Only when the land bank dwindles, shareholders have some concern. See how the management is still focussed on organic growth and not worrying about venturing into Australia or do anything else silly.
Who is behind Emerald and why have they started selling down slowly?
When Emerald sold some a while back they said it was because RYM had been such a good investment it now accounted for too big a weighting in their portfolio. Success can be a headache I guess.Quote:
quote:Originally posted by TheBoss
Who is behind Emerald and why have they started selling down slowly?
In late 2004, Brian Gaynor, speaking to a meeting of the Shareholders Ass'n in Auckland, put RYM at the head of his list of five top stock tips for the coming year. The price then was probably around $3.
I for one didn't take his advice, mainly because
the div yield was so low. And when I've occasionally considered RYM since then they've seemed to be fully priced.[B)]
WSLS L&L
(win some, lose some) (live & learn)
Ryman is also debt-free, its expansion funded from cashflow with most developments self-funding.
If they wanted to raise debt to fund expansion they could, but not on their radar as yet -- a weapon they have up their sleeve.
The thing about `land banks' is you can make deposits as well as withdrawals :)
Yeah, exactly. Also, based on the headline figures released this weak my interpretation is that actual cash flow was significantly higher than NPAT, due probably to booking depreciations on chattels etc of most of the units, this is a very tax efficient business model. Don't see any reason their success should be limited to the next two years, this is still a long term hold in my opinion especially if you look at the demographic projections for this country, and the structure of the business and its income streams. As it grows it throws off more cash from which it can keep growing... also benefits of scale are already showing improved margins... then there is the fact that property cycles and values will continue to boost part of their earnings, and there are yet to realise mcu of the gains from units that were built before the property latest boom... go Ryman i say...!Quote:
quote:Originally posted by Placebo
Ryman is also debt-free, its expansion funded from cashflow with most developments self-funding.
If they wanted to raise debt to fund expansion they could, but not on their radar as yet -- a weapon they have up their sleeve.
The thing about `land banks' is you can make deposits as well as withdrawals :)
FG
Not paying tax helps-anyone with a full understanding of the tax issues in the years ahead?
Is Govt likely to come in with heavy-handed regulations, e.g. the "windfall" gains these companies make when residents pass away?
I had a buy order in when Access went belly-up. Unfortunately by the time i got my money back, i didn't have another account to buy them with so i missed out. The missus is still kicking me for it. ;)Quote:
quote:Originally posted by Lawso
In late 2004, Brian Gaynor, speaking to a meeting of the Shareholders Ass'n in Auckland, put RYM at the head of his list of five top stock tips for the coming year. The price then was probably around $3.
I for one didn't take his advice, mainly because
the div yield was so low.
I didn't even know a share split was happening!
I still can't find any announcements about it either.
Only this...
http://www.sharetrader.co.nz/topic.a...rchTerms=ryman
Can anyone tell me how to recalculate my holding?
It is a 5:1 share split, so divide your existing holding by 5
This stock is overvalued and will likely face a big correction if we have a bear market
Hi Footsie
Could you please expand on this statement? what do you feel is the correct value?
cheers
Quote:
quote:Originally posted by TheBoss
It is a 5:1 share split, so divide your existing holding by 5
Dont you actually mean multiply your holding by 5.
The split was anounced in RYM's 1/2 yr report in November, however you had to look hard, and it wasnt too obvious.
I too agree that this one will be one to hold because they are in a good growth industry at the moment, and it has a focus on growth which people like. As our population ages, then these companies will prosper
oop.s yes, multiply by 5