Went to a presentation by CFO Gordon McLeod earlier tonight.Good news there was no bad news.Still looking at Melbourne.I expect they will make an announcement when they announce half year result late November.Interesting Gordon got to know Ryman as his "nana" was a resident at Margaret Stoddard village .So impressed, he joined the firm!!!!!!!!! .Surprised with how well Tauranga [Bob Owens village] has gone, considering other retirement villages there.
All new building going according to plan.Getting offered a lot of developement sites.Demand [quake] has forced them into bringing forward ChCh expansion.
Bank debt still low.Need a bigger footprint in Auckland,[yes Roger]
Sauce,Gordon said because less than half of RYM units were under 5 years old,the resale profits have yet to kick in.
Gordon,spoke well,presented well, and was very comfortable with his subject. He did point out the biggest difference between them and "others" was RYM did everything in house.
Thank you local broker Hamilton Hindin Greene for letting me attend your evening.