Not often you see the CEO unload 150,000 shares, must know something we don't, or has a very large new deck to build. $1,643,564 is quite a payout. I remember when he was second fiddle finance guy at IRD, probably on less than $200k. What a successful career he has had and stlll enjoys, all well deserved.
Paying outgoing residents in a more timely manner would be simply good business practice. Whilst it doesn't help the RV cashflow it would have minimal impact upon profitability. The current policies could be described as mean spirited, and IMO such complaints are warranted.
Paying outgoing residents in a more timely manner would be simply good business practice. Whilst it doesn't help the RV cashflow it would have minimal impact upon profitability. The current policies could be described as mean spirited, and IMO such complaints are warranted.
And while it would have an as yet undetermined impact on cash flow or profit, it is still very unclear whether any/all of the listed RV's are implicated or if they are, to what extent they are implicated. I would think they are not, or if they were they would voluntarily revise their contracts, as only a very very small percentage of exiting residents are affected given their prolific turnover of property. In any event the listed RV's are all so large that this is a sideshow imo, it's far more serious for the smaller private RV's and charities that run on the skin of their bones and engineer contracts that claw back any small financial advantage they can get away with.
Very well said both of you. ( great to see you posting here again Ferg, your insights are always classy)
Totally agree that this will be just a sideshow to the " big 6" who surely will already be doing things ethically anyway. For example RYM , SUM, and OCA voluntarily paid their covid subsidies back, even though they were certainly entitled to them. Dont think ARV though did they Trader.J- I'm not sure?
I suspect with all this RV chat in the mainstream news, that it will just further spruik interest and cement the new normality of the retirement village lifestyle to Joe public.
It will also be softly educating them about ORAs and that they are the industry standard now.
Thirdly, any anxiety that prospective clients get from all this will drive them to the perceived safety of large national operators.
Can only see this free coverage and the overhaul as good for the industry.
Paying outgoing residents in a more timely manner would be simply good business practice. Whilst it doesn't help the RV cashflow it would have minimal impact upon profitability. The current policies could be described as mean spirited, and IMO such complaints are warranted.
Agree...........................
The sector talks about care,safety,security,yet they remain mean spirited.
Tying up deceased estates causes a lot of stress and expenses.
The sector is funded interest free by residents buying rights to occupy.
Ryman has never raised further capital from shareholders since listing..
I think this is a good start and a far preferable option than doing nothing which will force the government (of the day) to legislate. This is a 12 month trial so let's see how it goes. I am guessing the "measures being trialled" probably include additional changes, not just the few mentioned in the article.
Time will tell but it's a positive step in the right direction and one I support as a shareholder.
Sales for 2022 weighted to the Q4 means annual sales over 1,000 for the first time and underlying earnings a solid improvement on last
Chart could look a bit healthier though - but these are turbulent times they say .... and they are selling heaps more than before covid hit. Current sales level 964 compared to 652 as at December 2019 - that's nearly 50% more http://nzx-prod-s7fsd7f98s.s3-websit...202/380740.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by RTM
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