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30-07-2021, 09:04 AM
#3961
I see Director Bell was re-re-elected …but only got 77% of votes cast
Appleby got even less
Last edited by winner69; 31-07-2021 at 10:17 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-07-2021, 12:01 AM
#3962
Member
Originally Posted by winner69
Apparently shareholders expressed frustration at languishing share price at the ASM
Chairman Kerr et al sort of said the market just doesn’t get it.
One even suggested Kerr should step down …I like that shareholder
i watched the entire meeting.
my thoughts
i think part of the reason Gordy is stepping down is not hitting the 15% growth target.
the board and Kerr and very clearly very intent on meeting this 15% growth target.
i think the candor they showed alluding to the fact there was not enough work put into the pipeline in 2016/17 was good to acknowledge causing the lower growth of the last couple of years.
i think Kerr is one of the best chairman i know and many of his responses were justified given a couple of the questions were pretty stupid imo. Especially the one asking for share dilution for a capitl rise. He did very well to politely brush that one off
Many not impressed at one of the directors very low shareholding which I agree with, think that was Bell.
also not much appreciation for jo appleyards lack of commercial acumen, also something I would concur with as she seemed like she was just there for ESG..
overall a very good meeting and very refreshing to hear the 15% target reaffirmed with such vigor.
also interesting to note theres still plenty of further price adjustments yet to flow through after the last year of huge property price increases
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04-08-2021, 04:36 PM
#3963
fwiw a friend of mine just came back from Melbourne and visited her grandmother at one of their facilities in Palmerston North. Her experience shared with her consent:
When I arrived, there was a comprehensive check-in process that asked me whether I had been feeling unwell, in any COVID hotspots, in Australia or had a COVID test in last month. In ticking a few of these, I was then required to be assessed by the clinical site manager. She spent 15 mins asking me questions, had to show my test results & called a supervisor for a second opinion. It was decided I could visit provided I wear a KN95 mask, like all visitors. Again, this is in a country with no COVID & a city that hasn’t had a case in 18 months. After watching rest homes and the aged care sector be ravaged by COVID in Australia, I’m so very grateful that such efforts are being made to keep older people safe in NZ while still ensuring they can have visitors and connections to the outside world.
And today she got a text following up with her that if she feels unwell to get tested and to let them know immediately.
I don't have shares in RYM anymore (only SUM) but I'm impressed by their vigorous process. I thought shareholders might want to know that residents are well looked after.
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04-08-2021, 06:46 PM
#3964
Member
My wife and I arrived back from Sunshine Coast on Friday after visiting family had pre COVID test before coming back. Phoned Rymans yesterday to find out what procedure was to visit my Mum in special care were told to head in to Rymans where a nurse would give us a COVID test which we had today. Results should be back in about a day, then we can visit with mask over 14 days after leaving Australia. Very pleased with there vigorous process as well.
Last edited by Beau; 04-08-2021 at 06:48 PM.
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08-08-2021, 01:05 PM
#3965
MacLeod wanting immigration rules to change
https://twitter.com/bernardchickey/s...479611907?s=20
Need to watch a video
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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13-08-2021, 02:40 PM
#3966
I see that RYM has asserted its SP dominance over SUM once more. Only temporarily, perhaps? Not to worry, I hold them both!
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13-08-2021, 04:23 PM
#3967
Member
Same here.
Originally Posted by macduffy
I see that RYM has asserted its SP dominance over SUM once more. Only temporarily, perhaps? Not to worry, I hold them both!
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13-08-2021, 06:22 PM
#3968
Ryman reports record full year profit
Stage set for a better, bigger and brighter Ryman
Ryman Healthcare’s underlying full year profit has grown 16% to a record $158 million, as the company enters a new era of growth.
Reported May 2016.
Bold words so how did they do in the following 5 years ?
2017 up 13%
2018 up 14.2%
2019 up 11.5%
2020 up 6.6%
2021 down 7.3%.
Gordy's no Simon Challis that's for sure.
If they finally get back to their 15% increase in underlying profit again then FY22 would see them make ~ $258m = 51.6 cps which at $13.90 puts them on a forward PE of 27.
Do they deserve their premium metrics any more ?
Disc Own OCA, ARV and now have some SUM back in the fold too, YEAH !
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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13-08-2021, 06:59 PM
#3969
Originally Posted by Beagle
Reported May 2016.
Bold words so how did they do in the following 5 years ?
2017 up 13%
2018 up 14.2%
2019 up 11.5%
2020 up 6.6%
2021 down 7.3%.
Gordy's no Simon Challis that's for sure.
If they finally get back to their 15% increase in underlying profit again then FY22 would see them make ~ $258m = 51.6 cps which at $13.90 puts them on a forward PE of 27.
Do they deserve their premium metrics any more ?
Disc Own OCA, ARV and now have some SUM back in the fold too, YEAH !
Interesting
But as we find with others in the sector underlying earnings can be a bit 'misleading' - movement in book value (net assets) can be a better measure as to value
Movement in Ryman book value in those 5 years
2017 24%
2018 17%
2019 12%
2020 6%
2021 23%
CAGR 16% pa - not too bad
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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14-08-2021, 11:20 AM
#3970
Originally Posted by winner69
Interesting
But as we find with others in the sector underlying earnings can be a bit 'misleading' - movement in book value (net assets) can be a better measure as to value
Movement in Ryman book value in those 5 years
2017 24%
2018 17%
2019 12%
2020 6%
2021 23%
CAGR 16% pa - not too bad
Good point, though book value can be a bit misleading as well - particular if we try to extrapolate it into the future.
The past book value growth rates come on the back of an extraordinary real estate price inflation. Are we sure house prices will keep rising in the future with two digit increases per year?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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