Hey winner, at the rate Ryman going(Just hit $9) Sum might only be worth just over 50% on that ratio graph soon. Sum a bit of a dog at atm aye. Rym has more exposure to big index funds amongst others.
Hey winner, at the rate Ryman going(Just hit $9) Sum might only be worth just over 50% on that ratio graph soon. Sum a bit of a dog at atm aye. Rym has more exposure to big index funds amongst others.
It's pushed out to record level's. The difference in PE must also be at SUM sort of record level's between RYM and SUM. Reminds me of the time when AIR was priced really stupidly at $1.75 late last year at a record discount to the forward average PE of the market at only 30% of same and we've all seen the result since then.
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
It's pushed out to record level's. The difference in PE must also be at SUM sort of record level's between RYM and SUM. Reminds me of the time when AIR was priced really stupidly at $1.75 late last year at a record discount to the forward average PE of the market at only 30% of same and we've all seen the result since then.
Yeah dumb market combined with dumb comments made at the AGM re Auckland headwinds.
Camera angles and photo composition notwithstanding - what is the context? Would you give a toothless person a sirloin steak with carrots and croutons? Anyway what has an incident at Las Colinas Nursing Facility in the USA got to do with SUM in NZ (or RYM for that matter) ?
I had a horrible meal on an American airline once. Is that relevant as the subject for a post on the Air NZ thread?
Hey winner, you in hiding from this thread, don't blame you. Rym finishes up 17c at $8.99 while Sum finishes down 9c at $4.70, not all happy on planet Sum. PS-Still waiting for that cute ratio graph update.
Hey winner, you in hiding from this thread, don't blame you. Rym finishes up 17c at $8.99 while Sum finishes down 9c at $4.70, not all happy on planet Sum. PS-Still waiting for that cute ratio graph update.
Bloody miserable day eh couts - national super pay day and I didn't even venture out for the scallops and chips for lunch ....so updated your chart
I think your hypothesis was that SUM share price should be about half of RYMs
Funny enough its almost there now.
Based on your hypothesis SUM shareprice went from undervalued June 2013 tnru June 2015 to be being about right from June 2015 to June 2016 and then became 'overvalued' from June 2016 .... and now about right.
Spooky eh. Some say 'reversion to the mean' is a powerful thing. It looks like it's happening here now.
So both RYM and SUM share price about 'right' at the moment - based on yout hypothesis or whatever you call it. (It has stood the test of time)
Of course Mr Beagle and others will say a load of the proverbial
Last edited by winner69; 12-07-2017 at 09:26 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
RYM (SUM)
Underlying Profit 178, (56.5)
Underlying EPS 35.6, (25.4)
Historical PE 25.3, (18.5)
Historical avg growth 16, (48)
Est current growth 15, (30)
Forecast Profit 205, (73.5) Forecast growth for RYM for the current year assumes they meet their medium term 15% target, SUM at mid point of forecast
Forecast EPS 41, (33)
Forward PE 22, (14) Forward PE for RYM is for YE 31/3/2018 for SUM 31/12/2017
Last edited by Beagle; 12-07-2017 at 09:35 PM.
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
Thanks for the chart update winner, I wish my hypothesis had been proven wrong, but as you say, it has stood the test of time. Must be time for a holiday.
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Originally Posted by couta1
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