RYM - Ryman Healthcare

[macduffy]

Share price has been knocked around a bit the last 2 days..Time to accumulate a few??
disc holding for a loooong time.

Yes, I salted a few more away today.

[Mr Slothbear]

Nice one macduffy.

guess you could say I’m well salted as even after selling half my rym holding back in Jan in the high 16’s it remains 50% of my listed equities

[winner69]

Jeez - Ryman spent $50 million on pandemic response to protect residents and staff since January 2020 ...no covid amongst 12,000 residents and 6,100 staff

Great response and profits don't really matter in times of disasters

And still made heaps

Well done Ryman

[winner69]

Suppose after burning through $300m cash in the last 6 months it's a good time to have a bond issue

At least have enough cash to keep paying those divies

[winner69]

Ryman half year npat up 13% to $212m on pcp

Pretty impressive in light of covid impacts.

[Biscuit]

Ryman half year npat up 14% to $212m on pcp

.....

reported profit up 12.8%. Underlying profit down 14.2%.

[winner69]

reported profit up 12.8%. Underlying profit down 14.2%.

Yes, my roundings a bit off

Still impressive result seeing there were 100 plus less new sales than last year

[Biscuit]

Yes, my roundings a bit off

Still impressive result seeing there were 100 plus less new sales than last year

Yes, minor details, Ryman is a quality company. I am amazed how much they spent on covid protection but money well spent.

[Beagle]

Ryman are an excellent company with an outstanding track record and very promising growth in the years ahead. From an ESG perspective they really look after their residents well and their occupation right agreement percentages are the fairest in the industry. They have a great name and reputation and have done well to match the NZX50 index for the last 5 years. The report covers a very difficult period for the company and they have done well to cope with the challenges presented. Historical underlying eps for FY20 was 48.4 cps. I think the underlying profit down 14% (~ $15m) is a good result against a backdrop of ~$50m of covid direct costs (most of which would have been in this reporting period) and the indirect flow on effects of interruptions to their development, sales, refurbishment and resales programs.

Its really hard to try and get a handle on the forecast (management are not giving any guidance) so one by default is probably best to try and get a quick handle on value based on historical underlying eps. 31 times last year's underlying eps looks fully priced to me but all the best to shareholders and I am sure in the long run this will continue to be a rewarding investment.

[winner69]

in Stuff

Chairman David Kerr said the board had “quite a lengthy discussion” about whether to pay a dividend after taking the wage subsidy.

The wage subsidy scheme was “a great initiative” by the Government, that meant Ryman could continue to employ all its staff, and take on new staff, he said.

Ryman’s board believed that because the company had spent about three times the wage subsidy on Covid-19 measures, it “balanced out” and was appropriate to pay a dividend, he said.

“The board decided that was the right call to make,” Kerr said.