RYM - Ryman Healthcare

**percy** · 13-10-2011, 09:07 PM

Went to a presentation by CFO Gordon McLeod earlier tonight.Good news there was no bad news.Still looking at Melbourne.I expect they will make an announcement when they announce half year result late November.Interesting Gordon got to know Ryman as his "nana" was a resident at Margaret Stoddard village .So impressed, he joined the firm!!!!!!!!! .Surprised with how well Tauranga [Bob Owens village] has gone, considering other retirement villages there.
All new building going according to plan.Getting offered a lot of developement sites.Demand [quake] has forced them into bringing forward ChCh expansion.
Bank debt still low.Need a bigger footprint in Auckland,[yes Roger]
Sauce,Gordon said because less than half of RYM units were under 5 years old,the resale profits have yet to kick in.
Gordon,spoke well,presented well, and was very comfortable with his subject. He did point out the biggest difference between them and "others" was RYM did everything in house.
Thank you local broker Hamilton Hindin Greene for letting me attend your evening.

**buns** · 14-10-2011, 01:47 PM

Good stuff

thanks percy

**mamos** · 02-11-2011, 09:18 AM

Ryman buys land in Melbourne for first Australian site

Ryman Healthcare, the retirement village operator, has bought land in Melbourne in its first step across the Tasman.

The Christchurch-based company plans to build a medium-density village in Melbourne’s eastern suburbs which will offer the full range of facilities including independent apartments, serviced apartments, a village centre and an aged care centre, Ryman said in a statement.
The acquisition will lift its landbank to more than 2,500 units and beds, though the company didn’t give a purchase price nor say how much land it bought.
“Our focus will be on successfully establishing this first village in Melbourne, and learning how to adapt our model to the Australian market, while maintaining our expansion in New Zealand,” chairman David Kerr said. “We have been investigating the Melbourne market for almost two years, and we identified an emerging need for both aged care and retirement living in the eastern suburbs of Melbourne.”
In August, the company said it planned to build its 26th village in Auckland’s Howick, buying a 3.5 hectare site, and plans to open new villages in Gisborne, Tauranga and Christchurch in the coming year and wants to lift its build rate to an annual 550 units and beds.
The shares gained 0.3 percent to $2.71 in trading yesterday, and have climbed 17 percent this year.

**percy** · 11-11-2011, 06:43 PM

From Craig's latest RYM research update;
Management recently announce well over 40 units pre-sold and are unconditional in Shirley [Christchurch] with several pre-sold more than a year ahead of the villages June 12 opening.
Incredible.!!!!!

**mamos** · 17-11-2011, 08:35 AM

Christchurch based aged care and retirement village operator Ryman Healthcare today announced a 15% increase in underlying profit, posting a record for a half year of $41 million. Unrealised valuation gains lifted the reported profit after tax to $60 million.
Ryman shareholders will receive a 15% increase in their dividend. The interim dividend of 3.9 cents per share will be paid on December 9, and the record date for entitlements is December 2.
“We lifted our build rate last year, and that decision is now starting to pay dividends,” said chairman Dr David Kerr. “This is an outstanding result, especially when you consider the additional challenges faced this year by the Christchurch team.”
Shareholders equity lifted 7% to $605 million and the company generated strong operating cash flows of $92 million, up 26% on the same period last year.
“We have generated exceptionally strong operating cash flows,” said Dr Kerr, “which has allowed us to invest heavily in new hospital and dementia care facilities this year.”
“In the past six months alone we’ve opened 170 beds - in New Plymouth, Hamilton, and Auckland, and in the second half we will be opening new aged care facilities in Gisborne, Christchurch and Tauranga to meet the growing demand for these services.”
The NZ Government has recognised the need for an additional 12,000 – 20,000 aged care beds to meet the projected growth in demand over the next 15 years.
The company built and opened 199 retirement village units and 170 aged care beds in the six months ended 30 September.
“We are trading well and are experiencing strong levels of pre-sales at our new villages,” reported Dr Kerr, “so we expect to achieve our target of 15% underlying profit growth for the full year.”

The company recently announced the acquisition of its first site in Melbourne, and has this year purchased land for new villages in Waikanae and Howick.
The company has lifted its build rate to 550 units and beds per annum, holds a landbank of over 2,500 units and beds, and in the year ahead will open new villages in Gisborne, Tauranga and Christchurch.
Statistics NZ estimates the number of New Zealanders aged 75 plus will more than double from 250,000 to 516,000 over the next twenty years. In Australia the outlook is similar, with the number aged 75 plus set to double to 2.8 million.
Ryman currently owns 24 villages nationwide, which each offer a combination of retirement living and resthome care, and serves over 5700 residents.