RESPECT!!!!
Edit: apparently if your whole post is in capitals, it is automatically changed to lowercase so I have recapitalised
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I'm sure it will be detailed in their forthcoming annual report. Brief review of financials looks good. No concerns.
https://www.nzx.com/companies/RYM/announcements/236273
Average sale price of units is ~$350,000 so affordability as compared to national average sale price of people's homes is still very good indeed.
Shares look fair value to me at present price of $6.25 and a great long term hold.
Market seems impressed with the result.
Absolutely positively completely normal Ryman result.
The upped build rate now fully flowing through the operating cashflow.
Best Wishes
Paper Tiger
I'm encouraged by Challies' comments that they want to build in Victoria at the same rate as NZ within 5 years.
"The aim is to get a mandate this time next year to roll out in Victoria at the same rate as we do in New Zealand."
Yeap, here's the article for those that missed it this morning
http://www.stuff.co.nz/business/indu...s-on-Melbourne