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03-08-2018, 05:31 PM
#6611
Originally Posted by Timesurfer
That was rather a large red cliff to end the week on - I do hope none of the residents wandered off it in their fairie walking.
Napier has an eight year waiting list for a Summerset unit (very sad) I have been told by a neighbour enquiring. I don’t know if that includes the new Summerset..As many said a tsunami of elderly needing accommodation in this part of the country....... Longterm you cannot lose in these sort of businesses. I would not worry about the lows on this share unless you need your money in a hurry.
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07-08-2018, 09:23 AM
#6612
On Track to build 450 Units this year
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
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07-08-2018, 09:37 AM
#6613
Last edited by BlackPeter; 07-08-2018 at 09:38 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-08-2018, 09:47 AM
#6614
Originally Posted by BlackPeter
Sounds good, doesn't it? Though on track to sell 450 (new) units would sound still better :
Build it and they will come
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
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07-08-2018, 01:39 PM
#6615
I see that Boulcott still gets a mention as a "greenfields site". I wonder what the current state of play is there?
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12-08-2018, 09:38 AM
#6616
HY results coming soon, I have a few questions on this one at the moment in terms of buying more of a position. I already have a large position. It went from being very undervalued late last year to now perhaps having a 'fair' valuation for the history of its own company bordering on over valued.
The sales/resale numbers are very weak and infact down on last year so far so I'm assuming development margins are staying strong or getting stronger. On a forward PE basis based on the low end on the guidance normalised for the whole year (21% growth in underlying earnings), its looking at about an 18. I know historically, the 2H results are weighed higher but being conservative we revert back to this range imo forward PE of 16-18 which is still very good buying. Is it better buying than OCA though?
I also wonder what Ryman has done to warrant such a high PE vs the rest of the market. Will we see SUM over the next few years because valued on such a high regard? From what I know RYM is a darling with the insto's.
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12-08-2018, 10:00 AM
#6617
Originally Posted by value_investor
HY results coming soon, I have a few questions on this one at the moment in terms of buying more of a position. I already have a large position. It went from being very undervalued late last year to now perhaps having a 'fair' valuation for the history of its own company bordering on over valued.
The sales/resale numbers are very weak and infact down on last year so far so I'm assuming development margins are staying strong or getting stronger. On a forward PE basis based on the low end on the guidance normalised for the whole year (21% growth in underlying earnings), its looking at about an 18. I know historically, the 2H results are weighed higher but being conservative we revert back to this range imo forward PE of 16-18 which is still very good buying. Is it better buying than OCA though?
I also wonder what Ryman has done to warrant such a high PE vs the rest of the market. Will we see SUM over the next few years because valued on such a high regard? From what I know RYM is a darling with the insto's.
Value - I think you answered you own questions
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-08-2018, 01:25 PM
#6618
Originally Posted by winner69
Value - I think you answered you own questions
I think either of those 3 long term will do well, just the one that will end up being top % gain wise will be interesting in 10 years time
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12-08-2018, 02:11 PM
#6619
Originally Posted by value_investor
I think either of those 3 long term will do well, just the one that will end up being top % gain wise will be interesting in 10 years time
And that's why Ryman is rated comparatively higher - it has the longterm success on the board!
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12-08-2018, 10:07 PM
#6620
Originally Posted by macduffy
And that's why Ryman is rated comparatively higher - it has the longterm success on the board!
Peaked early in the boomer bubble - leaving room for SUM underdogs to come through and take the cake?
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