RYM - Ryman Healthcare

[Vaygor1]

Are we going to breakout this time?
it seems to be taking off a bit lately and reaching its previous highs. A reasonable profit should see it at $11 or 12 next year ?

I think the increase in underlying profit for this financial year's H1 result will be mediocre as last year's was.. maybe slightly worse.
I also think the full year result (ending 31-Mar-2018) will not attain an underlying profit increase of 15%+ which it didn't last financial year either.

The above due to the fact I can't see them completing enough new developments this financial year on time to deem them practically complete.

The caveat to the above is that, for some reason, their resales skyrocket to make up for it, either by increased volume or resale price, or both.... or I guess, if they alter their accounting policy and redefine how completed a development must be before it is 'realised' as underlying profit.

I am a huge supporter of RYM and a very happy holder... have been in for the long term and will continue to hold/accumulate for the long term.

The smaller the annual increase in underlying profit for this financial year (ending 31-March-2018), the greater the annual increase for the same will be for Full Year ending 31-March-2019 year.

If I am right, there will be some good buying opportunities post this financial year's half and full year result.

Irrespective of this year's result, the Shareprice around June 2019 (about 22 months from now) will be circa $15/share (or equivalent if there is a split). This because RYM's underlying profit for 31-Mar-2019 will be close to $240 million.

The Shareprice figures above of course are subject (as always) to the whim of the market.