NZ Herald: "Ryman would be selling two sites and deferring work on another three" : Land at Kohimarama and in Newtown (Wellington) for sale, and pausing work at Takapuna, Ringwood East village (Melbourne), and Murray Halberg Village in Lynfield.
Q: Your revaluations went up, why when other listed are down?
A: Obviously, part of that is driven by us and our investment in building new products. We’ve added so much to the stock in the 2023 year (a $160m valuation uplift).
Sale today circa $4-55 C R a year ago $5-00 not the greatest investment for S Hers !!
Since CEO change in late 2021 Ryman has lost roughly 70% of its value ($3b+ off market cap) and turnaround plan launched early 2023 has not done anything for SP. Now trading 20% below NTA consistently. Value erosion has been extraordinary in this once stellar company.
Since CEO change in late 2021 Ryman has lost roughly 70% of its value ($3b+ off market cap) and turnaround plan launched early 2023 has not done anything for SP. Now trading 20% below NTA consistently. Value erosion has been extraordinary in this once stellar company.
Poor Mr Umbers …..bad luck / ill fortune seems to follow him around …or he never seems to get lucky
But he’s well paid so he’s probably not worried
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by Bjauck
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