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15-06-2021, 05:30 PM
#9361
 Originally Posted by James108
Haven't compared in a while but whenever I have in the past I have thought Rym was the least attractive operator to own.
RYM has badly under performed the others and the NZX 50 in recent years and is still very, very expensive on any comparative metrics.
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
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15-06-2021, 05:32 PM
#9362
Yeah Joh , that's got my curiosity too.
Seems the last few weeks we've gone from very significant off market trades and small on market trades to this pattern of the last few weeks being consistent and unabating small trades only done on market.(very little off market)
And it only really gets cranking after lunch.
From this pattern it would seem that a rerating has occurred with the mum and dad Aussy investors??? Of course that's not true , buggered if I know.
But it's nice to see the little ol` company being popular for a change regardless of whoever it is wanting in.
Are there any traders out there with some theory to fit this pattern?
Last edited by Maverick; 15-06-2021 at 05:51 PM.
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15-06-2021, 05:34 PM
#9363
Originally Posted by Beagle
RYM has badly under performed the others and the NZX 50 in recent years and is still very, very expensive on any comparative metrics.
Not to mention they are the largest operator so achieving earnings growth is quite a bit harder.
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15-06-2021, 06:54 PM
#9364
Over 1 and half mill changed hands just at closing. I see a takeover coming at 1.60 maybe. Something is up. Just waiting for the notice to see who it is.
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15-06-2021, 07:10 PM
#9365
Originally Posted by bottomfeeder
Over 1 and half mill changed hands just at closing. I see a takeover coming at 1.60 maybe. Something is up. Just waiting for the notice to see who it is.
Total volume was 2.9m shares traded. I think that's about 0.4% of shares on issue, although that's up on average volume of about 888k shares, it's still no big deal really, probably just some insto buying some more for their clients (like Forbar who currently pitch it at TP $1.80).
If it was a 2%, 5% move or more I'd be wondering. What makes you think a T/O is coming?
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15-06-2021, 07:12 PM
#9366
Originally Posted by bottomfeeder
Over 1 and half mill changed hands just at closing. I see a takeover coming at 1.60 maybe. Something is up. Just waiting for the notice to see who it is.
Strong buying across retirement sector today (ARV included)
Property prices report maybe?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-06-2021, 07:27 PM
#9367
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
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15-06-2021, 07:29 PM
#9368
Originally Posted by Baa_Baa
Total volume was 2.9m shares traded. I think that's about 0.4% of shares on issue, although that's up on average volume of about 888k shares, it's still no big deal really, probably just some insto buying some more for their clients (like Forbar who currently pitch it at TP $1.80).
If it was a 2%, 5% move or more I'd be wondering. What makes you think a T/O is coming?
Bottomfeeder maybe wanting out and hoping for a takeover to give him that 20% bonus
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-06-2021, 09:19 PM
#9369
Member
Originally Posted by bottomfeeder
Over 1 and half mill changed hands just at closing. I see a takeover coming at 1.60 maybe. Something is up. Just waiting for the notice to see who it is.
I think that was some index balancing at close. Same thing happened with many other stocks today.
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16-06-2021, 07:32 AM
#9370
And he suggested 1.60 as a TO price? I think it's possible we will finish this week back at 1.60
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