RYM - Ryman Healthcare

[Lease]

A reverse dividend .. except that the Taxman will not be doing any DWT top ups

The fact that little or no Imputation credits are distributed throughout the sector points
to distribution of revaluation gains / internal asset adjustments.

When risk of the scenario changing and write downs started happening is the very reason I have
been out of this sector for some time.

It's all too easy to stack the cards in good times but when times change to the opposite, first to
go is meagre dividends in the sector and then as things cycle lower pressure comes on the balance
sheet and harder for those well leveraged companies in the sector.

Last reporting season saw hints of this coming into the sector, and the likes of Arvida have seen
significant reduction since high $1.90's Cap raise to today's $1.20 SP

In current prevailing economic times, with fall in RRE, higher interest rates, inflation etc,
IMO the whole Rest Home sector is still over priced and could come back further.

Do any of the sector report honest trading Rest Home operation results without padding up revaluations
included ?

Cashflow reports will be a fairly significant tool in ascertaining which of the companies are near break even
trading, those above it and more secure

It's going to cycle by cycle. Current cycle is clearly not favour RV but the cycle won't last forever. Investors should take the chance to accumulate quality companies and wait for next cycle.

[whatsup]

IMHO it is about time that the IRD started taxing revaluations as we all know that they are smoke and mirror B S, if this was the case then all property companies would show a honest balance sheet.

What goes up can come down !

[nztx]

IMHO it is about time that the IRD started taxing revaluations as we all know that they are smoke and mirror B S, if this was the case then all property companies would show a honest balance sheet.

What goes up can come down !

No, we dont have nor want a capital gains tax.

Tax it and the sector will fall further and harder, and the sector will need to scramble
for further Cash to sure up what surplus (if any) they have.

What we need is Honest Reporting - are they Rest Home Operators or Large Scale
Commercial Property developers as a taxable activity ?

Bear in mind there are many thousands of captive Unit occupiers in the Sector, so the least
possible shaking of the tree will be needed to protect them

[nztx]

It's going to cycle by cycle. Current cycle is clearly not favour RV but the cycle won't last forever. Investors should take the chance to accumulate quality companies and wait for next cycle.

IMO the bottom is still on the way .. but the climb up out from it could be some time off
and not in the current political reign of the blind Socialist spindrilla

[Lease]

IMO the bottom is still on the way .. but the climb up out from it could be some time off
and not in the current political reign of the blind Socialist spindrilla

Ya, I agree. May need to wait until rates hike peaked. But this sector has brilliant future and investors should not ignore it.

[Balance]

Ya, I agree. May need to wait until rates hike peaked. But this sector has brilliant future and investors should not ignore it.

1st year of a property down cycle which could last up to 5 years. No big hurry.

[Sideshow Bob]

1st year of a property down cycle which could last up to 5 years. No big hurry.

And not like a great trough full of dividends to gorge on while you wait.....although the yield is getting better all the time!!

[whatsup]

No, we dont have nor want a capital gains tax.

Tax it and the sector will fall further and harder, and the sector will need to scramble
for further Cash to sure up what surplus (if any) they have.

What we need is Honest Reporting - are they Rest Home Operators or Large ScalepCommercial Property developers as a taxable activity ?

Bear in mind there are many thousands of captive Unit occupiers in the Sector, so the least
possible shaking of the tree will be needed to protect them

I wasnt talking about a cap gain , I was talking about claiming revaluations as profit, as we all know property profit is not profit until the property is sold, valuations can go up and down and shouldnt be written into the P & L

[whatsup]

Down another $ today, 8% !.

Could we go sub $ 5-00 ?

[Balance]

Must be a substantial capital raising in the offing.

Talks about capital raise with brokers and instos already behind the scene?