RYM - Ryman Healthcare

[Charlie]

Australian property prices remain resilient despite economic headwinds - ABC News (https://www.abc.net.au/news/2024-07-25/property-prices-remain-strong/104136878)

Got to be good news for Ryman Aus.

[X-men]

Back the truck!!

[Newman]

From the chairman's presentation:

We are committed to prudent capital management. The Board made the
decision during the year to suspend dividends. The need to continue to spend
capital to complete committed village buildings and the desire to limit increased
borrowings being key factors behind what I believe to be a logical decision and
in the best interests of shareholders.

As previously communicated the company intends to undertake a further review
of the dividend policy at FY26. Any future dividend policy is expected to be based
on cash flow.

At March 2024, net interest bearing debt was $2.51 billion, up $210 million from
March 2023 however in-line with the position at September 2023. Total funding
headroom at March 2024 was $507.5 million (consisting of undrawn facilities and
cash).

Gearing of 36.2% has increased 3.1 percentage points reflecting both higher debt
and the impact on shareholders equity from valuation movements and
impairments. This sits slightly above our medium-term target of 30–35%.

[flyinglizard]

still long way to go to reduce the excess debt. The debt is still increasing.

[Leemsip]

good rhetoric in the preso though.

Super impressive buildings. Just got to monetise them and they seem focussed on this. Im a fan.

[Toddy]

good rhetoric in the preso though.

Super impressive buildings. Just got to monetise them and they seem focussed on this. Im a fan.

Ticks the boxes if you are not a fan of paying tax. All capital gain and zero dividend tax.