Rynan development margin down. I wonder if this will occur with SUM in near future. That would definitely impact profitability, may even see a decline in underlying earnings in near future. Although I probably won’t be selling as I have modelled a lower development margin Than they are currently achieving.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Rynan development margin down. I wonder if this will occur with SUM in near future. That would definitely impact profitability, may even see a decline in underlying earnings in near future. Although I probably won’t be selling as I have modelled a lower development margin Than they are currently achieving.
Ryman don’t really have a ‘marginproblem’
That Petone development was flagged a while ago as a ‘low margin’ development because of seismic requirements. Without Petone it’s more normal, although down a bit because they said build rates were down slightly.
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Originally Posted by Beagle
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