RYM - Ryman Healthcare

[Baa_Baa]

I Bob it surely will .I am concerned for resident's of these villages and patients in care homes, because now with the shortened miq times any new variants will be lost in the masses coming out & with the infections rising rapidly we are done for ,9.15 now will the 9 bucks offer much resistance tomorrow .
Disc I believe things will calm down a bit until covid goes ballistic in the N Z

Have a read of the Aus Govt Health February report on RV's covid infections and deaths in Oz. They're pretty bad, widespread, affecting residents and staff. The report references Canada, which is way way worse.

"During the COVID-19 pandemic, no country has been able to avoid outbreaks or deaths in residential aged care when there has been widespread community transmission.


The Australian death rate is 0.74 per cent (7.4 in 1,000) against the total number of residential aged care beds across the country.


By comparison, Canada has experienced over 10 times the number of deaths in care homes than Australia as at 11 February 2022.


• As at 11 February 2022, Canada had experienced 34,753 deaths. This includes 16,345 deaths at residential in care homes (or 47 per cent).


• 59 per cent of all aged care homes in Canada have had reported cases of COVID-19 in residents or staff (compared to 75 per cent in Australia).

[BlackPeter]

Have a read of the Aus Govt Health February report on RV's covid infections and deaths in Oz. They're pretty bad, widespread, affecting residents and staff. The report references Canada, which is way way worse.

"During the COVID-19 pandemic, no country has been able to avoid outbreaks or deaths in residential aged care when there has been widespread community transmission.


The Australian death rate is 0.74 per cent (7.4 in 1,000) against the total number of residential aged care beds across the country.


By comparison, Canada has experienced over 10 times the number of deaths in care homes than Australia as at 11 February 2022.


• As at 11 February 2022, Canada had experienced 34,753 deaths. This includes 16,345 deaths at residential in care homes (or 47 per cent).


• 59 per cent of all aged care homes in Canada have had reported cases of COVID-19 in residents or staff (compared to 75 per cent in Australia).

Great stats, cheers.

Well, looking at this carnage overseas it would be interesting to learn what happened to the share prices of the respective institutions.

Surely - they must have been run into the ground and shareholders are now paying others for taking the shares off their hands? Yes? Maybe the scaremongers are some of the vultures, who knows?

Actually - no, nothing happened and the resident scaremongers on this and other retirement threads are just that. It might be worthwhile to question their motives ...

[winner69]

......

Actually - no, nothing happened and the resident scaremongers on this and other retirement threads are just that. It might be worthwhile to question their motives ...

Should we also question the motives of the resident cheerleaders?

[Biscuit]

Should we also question the motives of the resident cheerleaders?

No, we should take it all with a grain of salt and carry on cheering or scaremongering as we feel appropriate.

[Beagle]

Wow those overseas stat's are a worry. RYM have been badly underperforming the market for 8 years now and I am not sure how anyone could come to the conclusion it would outperform in the current environment...but good luck to holders, you'll need it.

[BlackPeter]

Should we also question the motives of the resident cheerleaders?

Probably a good idea with anybody who is trying to push hype up or down without being able to provide relevant data or arguments. Wouldn't you think so?

[percy]

Wow those overseas stat's are a worry. RYM have been badly underperforming the market for 8 years now and I am not sure how anyone could come to the conclusion it would outperform in the current environment...but good luck to holders, you'll need it.

The Trust I am a trustee of holds OCA [av cost approx $1.05] RYM [average cost approx $2.14] and SUM [av cost approx $2.40}.
We have no intention of selling any of the above shares.
All three have strong boards,good management, and although the tail winds have stopped currently, I expect the tail winds will strengthen in the longer term again,with the rapidly ageing population driving demand for a safe,secure,happy retirement .
We did not buy ARV as we had enough exposure to the sector.

[Bjauck]

Have a read of the Aus Govt Health February report on RV's covid infections and deaths in Oz. They're pretty bad, widespread, affecting residents and staff. The report references Canada, which is way way worse.

"During the COVID-19 pandemic, no country has been able to avoid outbreaks or deaths in residential aged care when there has been widespread community transmission.


The Australian death rate is 0.74 per cent (7.4 in 1,000) against the total number of residential aged care beds across the country.


By comparison, Canada has experienced over 10 times the number of deaths in care homes than Australia as at 11 February 2022.


• As at 11 February 2022, Canada had experienced 34,753 deaths. This includes 16,345 deaths at residential in care homes (or 47 per cent).


• 59 per cent of all aged care homes in Canada have had reported cases of COVID-19 in residents or staff (compared to 75 per cent in Australia).

Those stat include Delta and previous variants, which NZ rest homes were more successful in combatting. The current variant is not so deadly, especially now that most elderly in NZ are now boosted.

As for future variants...?

I am holding SUM, OCA and ARV.

[maclir]

What happened today? Didn't see an announcement but up 6%

[winner69]

What happened today? Didn't see an announcement but up 6%

‘Mother of all reversals’ they say …after yesterdays fall …back to where it was Wednesday