RYM - Ryman Healthcare

[rmbbrave]

His colleague John Cairns has cast his eye over Ryman Healthcare - which reports on Friday, May 20 - and forecasts a profit of $22.5 million.

[Bobby]

Geez RYMAN is boring, all it does is go up and up and up. I'm sick of it. Granted, I own quite a few and am making some nice coin, but I have to grumble about something[]

Seriously though, is pushing fully valued territory, am I expect to see some good numbers in November or we may yet see some retraction and a more realistic top up opportunity.

[Snow Leopard]

Ryman seems to have shed some excess fat:
$4.95 to $4.51 in one week.
This still leaves it fully priced in my very humble opinion.

Would be interested to hear Bobby's thoughts now.

Edit: whoops [:I]

[Snow Leopard]

quote:Originally posted by Paper Tiger

Ryman seems to have shed some excess fat:
$4.95 to $4.51 in one week.
This still leaves it fully priced in my very humble opinion.

Would be interested to hear Bobby's thoughts now.

Edit: whoops [:I]

perhaps I need to retract this statement:

Half Year profit up 54%

[rmbbrave]

I'm still in.

RYM
17/11/2005
HALFYR

REL: 1253 HRS Ryman Healthcare Limited

HALFYR: RYM: Ryman rises to new level - profit up 54 percent

Listed retirement village operator Ryman Healthcare's earnings have risen to
a new level following today's record half yearly announcement of a $17.1
million net surplus, up 54 percent on the same period last year.

Chairman Dr David Kerr said the record profit reflected a substantial lift
in the sustainable earning capacity of the company.

He said the company expected to match this performance in the second half
of the financial year.

``The current half year result is an excellent achievement and reflects
the company lifting to a higher level of profitability.''

Revenues rose 18 percent in the half year to September 30 with
particularly strong growth in the sale of occupation rights to retirement
village units.

Directors declared an interim dividend of 8 cents up from 5 cents last
year, which will be paid on December 9.

Managing director Kevin Hickman said Ryman was on target to build more
than 250 retirement village units a year and the current landbank is
sufficient to build 1200 new beds or retirement village units.

``We are also looking at new sites to drive the expansion of our village
portfolio.

``This has gained considerable momentum over the past six months with new
land acquired in Napier and Dunedin, two new construction sites established
and the development team being expanded to handle the increased rate of
development.''

Ryman is currently building in Auckland, Hamilton, Napier, Wanganui, Lower
Hutt and Invercargill. Resource consent applications are being processed for
the new Halswell retirement village in Christchurch and for a new apartment
block at the Malvina Major retirement village in Wellington.

Another Wellington village, Shona McFarlane in Lower Hutt, was recently
named the best retirement village in New Zealand at the Australasian Aged
Care Housing awards. This is the fifth time the company has won the award of
excellence.

Ryman's new and 14th retirement village in Wanganui will open in the new
year. The village on the historic Sacred Heart College site was named after
pioneering New Zealand woman pilot Jane Winstone, who was killed flying a
Spitfire during World War 2.

The company provides homes and care services to more than 2600 New
Zealanders, employing more than 1400 staff.

Ends

Media advisory: For further information, photos, interviews or comment
please contact Dr David Kerr on 021 362 403 or Kevin Hickman on 03 3664069 or
0274 321 227 or Kip Brook at Word of Mouth Media NZ on 0275 033855

CONSOLIDATED OPERATING STATEMENT FOR THE HALF YEAR ENDED 30/09/2005

Unaudited

Current Period : Previous Corresponding Period

OPERATING REVENUE
Trading Revenue 67,333,000 : 56,938,000
Other Revenue 262,000 : 491,000
Total Operating Revenue 67,595,000 : 57,429,000

OPERATING SURPLUS (DEFICIT) BEFORE TAXATION
17,061,000 : 11,099,000

Less taxation on operating profit NIL : NIL
OPERATING SURPLUS (DEFICIT) AFTER TAX
17,061,000 : 11,099,000

Extraordinary items after tax NIL : NIL

Unrealised net change in value of investment properties NIL: NIL

NET SURPLUS (DEFICIT) FOR THE PERIOD
17,061,000 : 11,099,000

Net Surplus (Deficit) attributable to minority interests NIL: NIL

NET SURPLUS (DEFICIT) ATTRIBUTABLE TO MEMBERS OF THE LISTED ISSUER
17,061,000 : 11,099,000

EPS 17.06cps : 11.10cps

Interim Dividend: 8cps
Record Date: 02/12/2005
Payment Date: 9/12/2005
Imputation tax credit: No Imputation Credit
End CA:00123824 For:RYM Type:HALFYR Time:2005-11-17:12:53:22

[k1w1]

Me too.

[k1w1]

In fact you should all brace yourself as I just bought some more and that generally causes a SP to fall.

[rmbbrave]

Ryman shares ride a profit high
18 November 2005
By PAUL GORMAN

Ryman Healthcare shares have climbed to a new high on yet another stellar financial performance.


The listed retirement village operator is predicting a record-breaking full-year net profit after releasing its latest six-month net profit.

Ryman yesterday posted an after-tax surplus of $17.1 million in the half year to September 30. That was up 54 per cent on the previous six-month profit of $11.09 million, which was itself 31.6 per cent higher than the September 2003 half-year profit.

The latest six-monthly profit was made on revenue of $67.6 million, an 18 per cent increase on last year's interim $57.43 million.

Ryman shares rose sharply yesterday, trading as high as $5.20 before closing at $5.05, up 10c on the day.

Managing director Kevin Hickman said the company was confident the performance would continue for the rest of the financial year.

In the year to March 31, Ryman made a then record $23.52 million after-tax surplus.

"I can't see any reason why we'd do less (business) in the second half."

Directors declared an interim dividend of 8c a share, up from 5c last year, to be paid on December 9.

Chairman Dr David Kerr said the latest profit reflected a "substantial lift" in the sustainable earning capacity of the company, with especially strong growth in the sale of retirement units.

Mr Hickman said Ryman had made "great progress" since it floated in 1999.

"The people who put their faith in us at the start, paying $1.35 for their shares, it's a pretty good return from there."

Hamilton Hindin Greene client adviser James Smalley said it was "just another great result in a line of great results".

"The company had forecast they would be ahead of their projections of 15 per cent (annual growth). This is another example of them under-promising and over-performing .

"It's almost a snowball effect. The bigger they get, the more effective they become."

Mr Hickman said Ryman was actively seeking sites around New Zealand. It was building in Invercargill, Auckland, Hamilton, Napier, Wanganui and Lower Hutt, and had secured sites in Dunedin and Napier. It was hoping to get a resource consent application hearing for its new Christchurch retirement village before Christmas.

[Lizard]

Does anyone here get the pay data from the NZX? I think that shows cashflows and, more importantly, what was added to shareholders equity over the period. I would really like to see that number if anyone has it...

[Snow Leopard]

quote:Originally posted by Lizard

Does anyone here get the pay data from the NZX? I think that shows cashflows and, more importantly, what was added to shareholders equity over the period. I would really like to see that number if anyone has it...

I think that your thinking is wrong. NZX has a number of data products that you can pay for, none of which are value for money for an individual investor, unless you have mega-bucks to spend. Additionally none of which contain the information you are hoping for...
As far as I am aware at half year you get what the company publicly reveals full stop.

http://www.nzx.com/products/data_products