Do they just read out the speeches that get posted on the web-site?
Is it a boring afternoon tea spread?
If so you can have my proxy.:)
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Do they just read out the speeches that get posted on the web-site?
Is it a boring afternoon tea spread?
If so you can have my proxy.:)
I looked at both MET and RYM smoe years ago. What I never liked (esp. MET) was the reliance on re-sales of occupancy licences - they were a big proportion of profits and volatile.
Also, from memory these two coys have big differences in how they account for revenues/profits etc. MET had some dodgy accounting that led to a securities Cmomission enquiry (about the time Cliff Cook moved to desputy from the big cheese). I never really got my head around it, but figured there had to be easier (and less volatile) things I could invest in.
Not trying to downplay RYM, the two founders have done a good job. Building their own villages (rather than outsourcng) has also seemed like a good call, (so long as they keep the developments going and the punters keep rolling (being wheeled?) on up).
When will the stock stop going up!!!
Knew it was a goodie and good to see market finally agrees, took a few years to catch on though.
Downside is am no longer able to accumulate at bargain prices
Ratkin
You may not have seen my posts on MET thread. RYM now probably overpriced, not MET. I would like to see merger. Very complementary locations. Need size, & why compete against another major?
Cook & Todd of MET have just ended 5 year standstill agreement. How will they use tax losses?
This stock I bought last year at 1.70 due to both strong fundamentals and a nice looking chart (TA). So far it has surpassed my expectations. Tried to break through $3 several times and strong breakout of recent days suggests we have not seen the top just yet.
The other stock I bought at around the same time and for similar reasons was EBO. also at a new high today.
Now that there is no news on RYM the ususal buying lull has set in. I for one have taken the opportunity to top up and will do so again should it get anywhere near, or south of, $3.00. With a significant land bank, developments funded out of capital not debt and a modest 14 - 15 PE, this has a lot of growth left in it, especially when one considers the Remuera and Napier homes from which fees should soon come on stream. Any other takers to top up?
I am keen to buy a few more too but I have been waitng for the shares to stop going up!
I bought at 1.68 and 1.83 so $3 looks expensive. However teh shares have fallen for 5 straight days - it might be time to buy soon.
Interesting to note that MET has been dropping during the same period. I find it hard to decide between the two.Quote:
quote:Originally posted by rmbbrave
I am keen to buy a few more too but I have been waitng for the shares to stop going up!
I bought at 1.68 and 1.83 so $3 looks expensive. However teh shares have fallen for 5 straight days - it might be time to buy soon.
In the end I bought a few more at $3.12.
It took a while for the trade to got through though. Maybe there aren't that many willing sellers.
Ryman are a continuing growth story and are looking to increase their wealth by 15% per annum.Given the increasing older age profile and the fact that Ryman has its own construction company Ryman will continue to outperform....with no surprises.
I wonder if they might be tempted across the ditch. They seem to ahve a good formula and only lack liquidity which could be easily addressed with a major exansion this way. Plenty of oldies here too!
Since i started this topic the stock seems to have been well and truly discovered and the value has rapidly dissapeared.
Still remains a very good long term prospect, i want more shares but am hoping for a typical october share price slump. Sooner or later something will happen that will hitr the market hard then i will top up.
The 15% EPS growth should be sustainable for some time. Once they have all the old crunchies in their homes and have reached critical mass they will then be able to move more into the healthcare side.
Tip of the day ............. The south island run companys are the ones to be on. Sensible leadership and not as flash as the jaffa operations
Is there really a slump in October? Across the whole market? Or just Ryman? If so, why?Quote:
quote:Originally posted by ratkin
Still remains a very good long term prospect, i want more shares but am hoping for a typical october share price slump.
If there is a "slump" I will join you in buying more of these shares?
Ryman up another 10cents today. I am glad I bought more at $3.12. Even that price is starting to look cheap now.
yes yes yes. I topped up at 2.27, 2.78 and 3.13 and am a happy chappy indeed. I love the elderly.