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30-10-2020, 04:54 PM
#3911
Originally Posted by Soolaimon
Share price has been knocked around a bit the last 2 days..Time to accumulate a few??
disc holding for a loooong time.
Yes, I salted a few more away today.
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30-10-2020, 05:27 PM
#3912
Member
Nice one macduffy.
guess you could say I’m well salted as even after selling half my rym holding back in Jan in the high 16’s it remains 50% of my listed equities
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20-11-2020, 08:40 AM
#3913
Jeez - Ryman spent $50 million on pandemic response to protect residents and staff since January 2020 ...no covid amongst 12,000 residents and 6,100 staff
Great response and profits don't really matter in times of disasters
And still made heaps
Well done Ryman
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-11-2020, 09:15 AM
#3914
Suppose after burning through $300m cash in the last 6 months it's a good time to have a bond issue
At least have enough cash to keep paying those divies
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-11-2020, 11:09 AM
#3915
Ryman half year npat up 13% to $212m on pcp
Pretty impressive in light of covid impacts.
Last edited by winner69; 20-11-2020 at 11:38 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-11-2020, 11:32 AM
#3916
Originally Posted by winner69
Ryman half year npat up 14% to $212m on pcp
.....
reported profit up 12.8%. Underlying profit down 14.2%.
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20-11-2020, 11:44 AM
#3917
Originally Posted by Biscuit
reported profit up 12.8%. Underlying profit down 14.2%.
Yes, my roundings a bit off
Still impressive result seeing there were 100 plus less new sales than last year
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-11-2020, 11:54 AM
#3918
Originally Posted by winner69
Yes, my roundings a bit off
Still impressive result seeing there were 100 plus less new sales than last year
Yes, minor details, Ryman is a quality company. I am amazed how much they spent on covid protection but money well spent.
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20-11-2020, 12:04 PM
#3919
Ryman are an excellent company with an outstanding track record and very promising growth in the years ahead. From an ESG perspective they really look after their residents well and their occupation right agreement percentages are the fairest in the industry. They have a great name and reputation and have done well to match the NZX50 index for the last 5 years. The report covers a very difficult period for the company and they have done well to cope with the challenges presented. Historical underlying eps for FY20 was 48.4 cps. I think the underlying profit down 14% (~ $15m) is a good result against a backdrop of ~$50m of covid direct costs (most of which would have been in this reporting period) and the indirect flow on effects of interruptions to their development, sales, refurbishment and resales programs.
Its really hard to try and get a handle on the forecast (management are not giving any guidance) so one by default is probably best to try and get a quick handle on value based on historical underlying eps. 31 times last year's underlying eps looks fully priced to me but all the best to shareholders and I am sure in the long run this will continue to be a rewarding investment.
Last edited by Beagle; 20-11-2020 at 12:06 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
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20-11-2020, 12:20 PM
#3920
in Stuff
Chairman David Kerr said the board had “quite a lengthy discussion” about whether to pay a dividend after taking the wage subsidy.
The wage subsidy scheme was “a great initiative” by the Government, that meant Ryman could continue to employ all its staff, and take on new staff, he said.
Ryman’s board believed that because the company had spent about three times the wage subsidy on Covid-19 measures, it “balanced out” and was appropriate to pay a dividend, he said.
“The board decided that was the right call to make,” Kerr said.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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