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16-08-2016, 11:16 AM
#3701
no, the bet is that SUM will grow much quicker than RYM over the next 5 years, not that it will be bigger than RYM in 5 years!
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16-08-2016, 11:20 AM
#3702
Originally Posted by couta1
Life is fragile, one of us may not be around by then to collect but hey I'd be happy to take a wager that Ryman will still be top dog in 5 years time.
So true, life and even companies are fragile, anyone for a wager they will keep growing at 44% pa underlying earnings for the next five years??
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16-08-2016, 11:22 AM
#3703
Originally Posted by Raz
anyone for a wager they will keep growing at 44% pa underlying earnings for the next five years??
I think it would be foolish to assume that growth rate, but as Roger pointed out a more modest CAGR of 22% (very conservative for the next 5 years imo) would be more inline as growth tails off with larger operations.
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16-08-2016, 11:46 AM
#3704
Last 3 years sp: SUM ahead; MET not far behind; RYM below the NZX50 performance. Chart courtesy of the FT.com site.
Attachment 8229
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16-08-2016, 12:10 PM
#3705
That chart looks funny. They don't all start from the same point, so not really a valid comparison
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16-08-2016, 12:19 PM
#3706
They start together at 0% at the XY origin at the end 1/3 of the graph. Overall it is just zoomed out a little to get the grand scheme of things
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16-08-2016, 12:36 PM
#3707
which means that its not actually comparing performance over the last three years as stated, then
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16-08-2016, 12:37 PM
#3708
Originally Posted by Fox
I think it would be foolish to assume that growth rate, but as Roger pointed out a more modest CAGR of 22% (very conservative for the next 5 years imo) would be more inline as growth tails off with larger operations.
The dog has been known to be conservative from time to time, not usually around the food bowl LOL
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16-08-2016, 12:39 PM
#3709
FWIW
Last 2 years they returned as follows:
RYM +23.11%
MET +37.15%
SUM +86.83%
5 year comparison
MET +193.50%
RYM +264.09%
SUM +281.88%
discl. obviously happy as I hold all 3
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16-08-2016, 12:44 PM
#3710
Originally Posted by silu
FWIW
Last 2 years they returned as follows:
RYM +23.11%
MET +37.15%
SUM +86.83%
5 year comparison
MET +193.50%
RYM +264.09%
SUM +281.88%
discl. obviously happy as I hold all 3
The five year thing underscores the veracity of the business model IMO. Food for thought. In what other business is the vast majority of the profit tax free...handy having that IRD ruling on tax free resale of occupation licences isn't it !
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