-
16-08-2016, 08:22 AM
#3691
Originally Posted by Raz
I don't comment on this one as it is obvious where the share price is heading however...the movement of late is showing a touch of optimism
The arithmetic said buy some time ago .......the optimism is will it reach over $7 to be on same price / book multiple as Ryman
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
16-08-2016, 08:58 AM
#3692
Originally Posted by winner69
The arithmetic said buy some time ago .......the optimism is will it reach over $7 to be on same price / book multiple as Ryman
Your talking as if Ryman are standing still winner, which of course quite the opposite is true.
-
16-08-2016, 09:05 AM
#3693
Originally Posted by winner69
The arithmetic said buy some time ago .......the optimism is will it reach over $7 to be on same price / book multiple as Ryman
It has been a good buy on their model and management track record for a long time although it an't Ryman and as Couta states their competition an't standing still.
Last edited by Raz; 16-08-2016 at 09:07 AM.
-
16-08-2016, 09:09 AM
#3694
Originally Posted by couta1
Your talking as if Ryman are standing still winner, which of course quite the opposite is true.
No I'm not, Ryman still great company
Big difference is that at this point in timevSummerset is accelsrsting at greater rate .....and it is being reflected in the share price movements of both over the last few years.
Last 2 years Sum +80% and RYM +20% on yahoo chart
Last edited by winner69; 16-08-2016 at 09:16 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
16-08-2016, 09:16 AM
#3695
Originally Posted by winner69
No I'm not, Ryman still great company
Big difference is that at this point in timevSummerset is accelsrsting at greater rate .....and it is being reflected in the share price movements of both over the last few years.
Thats how it appears when you compare the NZ scene but to put it in perspective, Sum are busy building a town whilst Ryman with their Aussie expansion are building a city,so over the long term who do you think will give you a better return?
-
16-08-2016, 09:34 AM
#3696
Originally Posted by couta1
Thats how it appears when you compare the NZ scene but to put it in perspective, Sum are busy building a town whilst Ryman with their Aussie expansion are building a city,so over the long term who do you think will give you a better return?
RYM certainly have a good business model in NZ. Expanding to Oz brings greater risk. Other successful NZ companies have had mixed Australian ventures - Australia may seem misleadingly similar to NZ.
-
16-08-2016, 09:38 AM
#3697
Originally Posted by winner69
No I'm not, Ryman still great company
Big difference is that at this point in timevSummerset is accelsrsting at greater rate .....and it is being reflected in the share price movements of both over the last few years.
Last 2 years Sum +80% and RYM +20% on yahoo chart
No surprise there as SUM's compound annual growth rate in underlying earnings over the last 5 years is 44% per annum, vastly outstripping the CAGR of RYM. SUM undoubtedly the fastest growing stock in the sector.
Long term shareholders in RYM will be very pleased but anyone who's bought in the last couple of years has every right to be disappointed with how the SP has underperformed relative to the sector and the NZX50.
Perhaps time for one of your superb charts mate, (picture says 1000 words) comparing MET, SUM @ RYM to the NZX50 over the last two or three years ?
P.S. I seem to recall that we did try and tell people a couple of years back that RYM had got well ahead of itself and we predicted 2 or 3 years of underperformance but the faithful didn't want to know.
SUM still my top pick in the sector for fast growth and most reasonable valuation. Seems a remarkable "Coincidence" that the market seems to be really starting to appreciate this stock since Mrs Barlow resigned.
Last edited by Beagle; 16-08-2016 at 09:44 AM.
-
16-08-2016, 10:03 AM
#3698
Originally Posted by Bjauck
RYM certainly have a good business model in NZ. Expanding to Oz brings greater risk. Other successful NZ companies have had mixed Australian ventures - Australia may seem misleadingly similar to NZ.
They had the Aussie market sussed long before they committed themselves to it and have proven that to date, Aussie needs their model.
-
16-08-2016, 10:43 AM
#3699
I've been saying it for ages that SUM will significantly outperform RYM over the next 5 years purely because it is at an earlier stage of maturity and hence diminishing returns are yet to kick in. I expect SUM to keep growing much faster than RYM for the rest of this decade, and happy to place a friendly wager on it
-
16-08-2016, 11:06 AM
#3700
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks