i will shout you a virtual beer emoji if we get there!
Printable View
i will shout you a virtual beer emoji if we get there!
you should be able to afford a real beer by then
Morning star have just increased Ryman`s FVE to $11.30. They reckon that Ryman has a decent economic moat around it. I don't agree with them at all. The Ryman brick walls can be climbed! I can see it now, an unstoppable silver/grey army of determined ARV and OCA residents on amphibious motor scooters.
Anyone know where the beat place is to find the numbers for this ageing population? Break down of age groups etc?
This is rather cool (once you get the feel for it)
https://www.stats.govt.nz/tools/inte...or-new-zealand
Stats have heaps of stuff on their site - including population projections well out into the future. Links on that same page
The JLL Retirement Village white paper is also quite a good reference for population numbers - note, it was released early 2017:
http://www.jll.nz/new-zealand/en-gb/...paper-2017.pdf
Finally got into this one with a very small position. Not normally an investor who likes to buy into unproven companies, but I like the signs. I would have to see more to load up on more shares going forward.
Management are loading up on shares, and the company has so far delivered on promises. Share price is also quite cheap and it could be a very good long term hold. I'm not interested in price changes in the short term but I'd like to see more dialogue about the medium-long term aspirations of this one.
I too bought some today on the back of the couple of sellers smashing those buy orders. On a PE of ~9.9 with FY18 forecast figures that they reaffirmed recently, it sure is excellent value within this industry given the likes of RYM and SUM on a PE of 28 and 20 respectively. Yes, OCA doesn't have the proven track record of development growth as some others, however the fact they're delivering developments on schedule and meeting the promised lofty IPO forecasts gives me strength they are serious about this.
The market is most likely over-discounting the sell down of Macquarie's escrow shares. As mentioned by other posters, this will be in an orderly block sale to institutional holders at a slight discount to market. Nothing to worry about.
I'm not afraid to add these to the stash of SUM at the bottom of the drawer and watch the returns grow over the near future. Buying at these levels has enough margin of safety to weather any complications, but I only see upside from here. Some fresh guidance around the corner should be the kick that this stock deserves.
Best paired in a portfolio with one of the more mature operators such as SUM or RYM imo.
Terrible share with very dim prospects, I think sellers should smash the bid at $1.01 :D