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  1. #3731
    Speedy Az winner69's Avatar
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    C’mon folks - have to move with the times and if old nice buildings have to be knocked down sobeit

    Like this bit from Ryman -

    The village operator also thought it was a nice quirk of history that the site built for the education of baby boomers in the 1960s was now being converted into a different use for them in the next phase of this site’s history.





    http://wellington.scoop.co.nz/?p=123373
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #3732
    Speedy Az winner69's Avatar
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    On other threads posted by Beagle. Applies to RYM as well

    Real estate going gangbusters in the regions and doing okay in Auckland too https://www.reinz.co.nz/Media/Defaul...ber%202019.pdf
    SUM very well positioned with the widespread geographical locations of their villages. Hawkes Bay for instance up nearly 17% and Nelson up 11%.
    National Medium up a whopping 8.2%.
    No wonder RBNZ stayed on hold yesterday...(probably had early access to these very strong statistics)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #3733
    always learning ... BlackPeter's Avatar
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    Quite devastating report on Radio NZ about Ryman throwing out a resident in need due to lack of space in their care department:

    https://www.rnz.co.nz/audio/player?audio_id=2018722653

    Evicting a resident of six years on Christmas eve and dumping her into the public hospital. Apparently they just discovered that day that the lady needs now hospital level care and that their own care facility is full and that they can't accomodate for her. How convenient - for the rest home.

    Nice Christmas prezzy as well. I am wondering whether they just forgot to put something else into her stockings?

    And Ryman is supposed to be the gold standard of retirement care? Really?
    Last edited by BlackPeter; 18-11-2019 at 09:09 AM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  4. #3734
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    Not much you can do if she needs medical attention and they are full. Cant build more beds overnight - if anything it shows how good an investment this sector is becoming

  5. #3735
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Quite devastating report on Radio NZ about Ryman throwing out a resident in need due to lack of space in their care department:

    https://www.rnz.co.nz/audio/player?audio_id=2018722653

    Evicting a resident of six years on Christmas eve and dumping her into the public hospital. Apparently they just discovered that day that the lady needs now hospital level care and that their own care facility is full and that they can't accomodate for her. How convenient - for the rest home.

    Nice Christmas prezzy as well. I am wondering whether they just forgot to put something else into her stockings?

    And Ryman is supposed to be the gold standard of retirement care? Really?
    I was most underwhelmed with the standard of care my father received in a Ryman dementia unit. A heck of a lot depends upon the staff at each care facility.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #3736
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    Quote Originally Posted by Beagle View Post
    I was most underwhelmed with the standard of care my father received in a Ryman dementia unit. A heck of a lot depends upon the staff at each care facility.
    All these companies have stories like this(Yes SUM is very much included) most unknown to the public or shareholders. On the whole RYM is top notch but of course as you grow bigger theres more scope for things to go wrong and as you have said its predominantly about the staff and it only takes one rogue element to do damage.

  7. #3737
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by couta1 View Post
    All these companies have stories like this(Yes SUM is very much included) most unknown to the public or shareholders. On the whole RYM is top notch but of course as you grow bigger theres more scope for things to go wrong and as you have said its predominantly about the staff and it only takes one rogue element to do damage.
    Very true mate. When Dad was first admitted the dementia centre manager was very good as she knew my father from his days in his working career and he was well looked after. Later after that care centre manager was headhunted by a competitor things went downhill very quickly.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #3738
    Speedy Az winner69's Avatar
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    Quote Originally Posted by couta1 View Post
    All these companies have stories like this(Yes SUM is very much included) most unknown to the public or shareholders. On the whole RYM is top notch but of course as you grow bigger theres more scope for things to go wrong and as you have said its predominantly about the staff and it only takes one rogue element to do damage.
    I’m sure they do all have had similar ‘experiences’
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #3739
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by dabsman View Post
    Not much you can do if she needs medical attention and they are full. Cant build more beds overnight - if anything it shows how good an investment this sector is becoming
    Sure - but it didn't sounded like it was an emergency.

    It was not like she had a heart attack and had to temporarily go to the hospital - everybody would understand that. They decided on Christmas eve to evict her and render her homeless. Quite different story.
    ----
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  10. #3740
    Speedy Az winner69's Avatar
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    Do people still find somewhere to ‘put’ Gran like a hospital at Xmas so they can go on holiday?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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