Good discussion on the RYM thread
thanks for your comments Queensstfarmer
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Good discussion on the RYM thread
thanks for your comments Queensstfarmer
Cheers NZsilver. Perhaps the "too boring to talk about" needs to be updated?
RYM is a great stock - I think that most of us agree that it's one of NZ's best - but Queenstfarmer makes a valid point in cautioning that the SP may have run a little ahead of itself. Come to that, perhaps the whole NZ market is running a bit hard, weight of money/low interest rates and all that. I think I'll watch from the sidelines for awhile.
No just putting a view out there. Yes I am looking at it from a dividend angle. The pyramid analogy is based on all the investors whom get in now that its sky rocketing to wherever it may head. Unlike a pyramid scheme they won't lose their money because they get in later...however I don't see them making the huge capital gains previous investors have over the past 5 years. I see them relying on a generous dividend policy from Ryman....which in my view, is quite some time off.
If you want a dividend stock, buy Telecom. Great yield, shame about the share price.
There are plenty of yeild stocks out there, RYM is not one and I assume no one is buying or holding RYM for its yeild so why bring it up (just trying to understand). Seems as pointless as talking about XRO and profit ;)
Thank you macduffy...I did say earlier...too much...too soon.
M think will run to 9.90.
I presumed that the $6.90 figure was a 12month target. However the market appears to assuming it needs to get there by tea-time.
Best Wishes
Paper Tiger