It pays to head what is said regarding the chart,unless you would like to sit there on a great company with great fundamentals i.e DIL,
it doesn't stop the shareprice from heading south.
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technicals short, fundamentals long, that explains a lot about the volatility.
The distressing Malvina Major Village issue continues to get publicity. Expect further weakness in the stock today.
http://www.stuff.co.nz/national/9117...-ministry-says
An interview with Simon Challis on National Radio - or whatever it's called these days - and later some pretty negative emails to the station read out by Kathryn Ryan. Will take a lot of "putting right" but just how much long term harm to the company's reputation, and investment value, is difficult to gauge.
Flyer fell out of the Dom Post today inviting me to an open day at their new place up on the kapiti coast .....charles Fleming or something .....looks lie Steve Fleming missed out on the gaming rights
An interesting read.
http://www.trademe.co.nz/Community/M...317252&topic=5
Not before time. Reflecting back on it now, 10 months after his passing, (although at times I didn't want to accept it because I am a shareholder), the level of care of my father, a multiple stoke patient and dementia sufferrer received at their Orewa dementia unit was pretty unsatisfactory at times and was only brought up to just acceptable because of the extremly regular visiting of my Mum.Quote:
Ryman was making changes nationwide to incorporate more feedback from relatives and their residents.
The main issue is with multiple shifts of mainly Phillipino staff they really didn't seem to have a handle on my fathers care needs.
Thankfully Dad, a Presbyterian minister of 50 years serrvice is in a better place now. In my opinion he deserved better care when he was at Ryman. That said, I would be the first to acknowledge that I'm not an impartial observer in this matter and its quite probable that the extremly tough process of watching your father gradually deteriorate to the point where he doesn't know who you are and is not in control of his bodily functions could have impacted on my objectivity.
I suppose they do try and being a nurse at one of their dementia units is something I could never do.
I suppose I should comment on the share price not having done so for quite some time. Seems fair value and a sensible long term hold after all what else grows at ~15% per annum year in year out, global GFC or no global GFC....