RYM - Ryman Healthcare

[winner69]

Summerset better bet at this time

[Beagle]

Good to see SUM not only continue to do well, but ALSO provide forward guidance.

https://www.nzx.com/companies/SUM/announcements/266717

Better late than NEVER...finally this teenager of a company realises that investors expect this sort of thing. Mid point of $33m translates to eps of 15 cps. Apply whatever forward multiple you think is appropriate for SUM.
Disc Own MET and RYM, not SUM.

[winner69]

Better late than NEVER...finally this teenager of a company realises that investors expect this sort of thing. Mid point of $33m translates to eps of 15 cps. Apply whatever forward multiple you think is appropriate for SUM.
Disc Own MET and RYM, not SUM.

So 30 times 15 is $4.50

Seems about right by Xmas

[Beagle]

and 25 times is $3.75.

[limmy]

Again welcome limmy and good for you.
Another poster I greatly admired was Sparky The Clown,who unfortunately no longer posts.He too had a great knowledge of Ryman.
I rececently heard from him.He is still passionate about Ryman,and had visited the Wheelers Hill Village in Melbourne, and their new site not far from Wheelers Hill.He was impressed and feels the rollout in Australia will go really well.This has been since confirmed.
So Ryman are going "great guns" in NZ and look to repeat their success in Australia.
The fun looks to be gaining mommentum ,therefore I think we are "well positioned,"!

They'll simply have to repeat the growth experience from NZ, in Aus. I think the market there is probably 3-5 times larger.

[percy]

Understanding The Retirement Sector.Brilliant article.
Go to www.NZX.com
Put IFT into "search by company ' box
Then click onto announcements
then click 11th May Infratil Update.
Would some kind person post the link.

[winner69]

Understanding The Retirement Sector.Brilliant article.
Go to www.NZX.com
Put IFT into "search by company ' box
Then click onto announcements
then click 11th May Infratil Update.
Would some kind person post the link.

https://www.nzx.com/files/attachments/212754.pdf

[percy]

https://www.nzx.com/files/attachments/212754.pdf

Winner69.
As always thank you.

[LAC]

Hi guys, this might be a silly question but when a company/business like RYM indicated as NTA of x, does that value include all their units in their Villages at the time they were built or are these revaluated every year? Or are the units not included in their tangible assets at all (reported as something else? do accountants call them something else on the Bal sheet?)

[winner69]

Hi guys, this might be a silly question but when a company/business like RYM indicated as NTA of x, does that value include all their units in their Villages at the time they were built or are these revaluated every year? Or are the units not included in their tangible assets at all (reported as something else? do accountants call them something else on the Bal sheet?)

From the Annual Report -

Retirement village units and community facilities are revalued on a semi-annual basis and restated to fair value as determined by an independent registered valuer. Any change in fair value is taken to the income statement. The fair value is determined using discounted cash flow methodology.

So to answer your question all units are revalued twice a year and revalued amounts included in NTA. Just some of the fair value adjustments are unrealised (realised when sold)