Deleted, bit cheeky.
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Deleted, bit cheeky.
ARV bit cheeky putting this in their newsletter ….ARV best in sector
But the grey line will go ahead of the orange line soon …won’t it?
Cheeky is right, these comparison charts are fickle simply by when you choose the starting point, as this chart illustrates by choosing the March 2020 Covid lows as a starting point.
Key: RYM - blue, ARV - red, OCA - purple, SUM - green
The only takeout that I can see is the green-shoots emerging of a beaten down sector, with SUM, OCA and ARV suggesting a bottom reversal. RYM still pretty sad though.
I got some more this morning at $1.10.
Don't think ill regret it
Sorry. Sorry in advance. But I didn't know who to ask...
But why is RYM doing so very badly. Sure they are all bad. But why is RYM the badlyest?
Fomo party over today so far.
I guess it just depends on your perspective and time horizon. Ryman used to be the gold standard for retirement villages, they promised to grow by 15% every year and they used to keep this promise (well, this was the good old days). Market loved them for it and pushed its price basically beyond any reasonable valuation.
Took market some time to realise that it pushed Ryman too high, and stopped loving it when growth rates dropped slightly below the magic number. Ryman still recovering from the hights an unbalanced market pushed them to. This does not mean its a bad company, it just means that market used to overprice them and is now correcting this mistake.
In my view they are still a good and solid company, just still a bit dear.
Ah yes, and even if retirement villages are currently not the markets darling ... this does not mean they are bad. It just means that you currently could buy quality at good prices ... but hey - some people just prefer to pay high and sell low. Each for themselves.