My guess is that the market has "re-discovered" RYM due to the corporate moves by others in the retirement sector , ie MET and SUM.
And it's a strong market overall, today.
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My guess is that the market has "re-discovered" RYM due to the corporate moves by others in the retirement sector , ie MET and SUM.
And it's a strong market overall, today.
Lets not forget folks....the "property market"....man I hate that phrase....like can folk (who live in provincial NZ....ie. Waimate et al ) appreciate reading the major newspapers like the Herald and the Press...about the explosion in residential house prices....when it totally does NOT apply to them.However I digress.....
Rising house prices mean more and more folk can afford to buy into retirement homes....simple really.
Cheers
Hi,
The valuation of the company has blown out of context compared to it's discounted cashflows.
It is therefore in pure speculation territory.
My guess is speculators don't want to miss the boat and are buying at even higher prices because they fear missing out.
That's whats up with RYM today.
I disagree....can we communicate in say 12 months.....cheers troy.
Come on ...he (born) is probably half right.....gee factor in foot and mouth...bank scandle....another earthquake...we are all taking for granted a certain future outcome...
Last year Ryman posted their half year result release date on 31-Oct, and then posted their half year result on the 15-Nov. Given this timing and because I am a conspiracy theorist, I think that someone's aunty, cousin, colleague, friend already knows the result. How many times is this 3-to-4-week pre-announcement spike (or dip if it is bad news) going to repeat itself, not just with RYM but with a multitude of shares out there.
Given this spike, expect good news.... which I don't think will really involve Wheeler's Hill. Far too early on in the piece for the Australian in-road to have any real impact yet in my view.
Here is my 7 year dividend discount model. I value RYM at $4.37 P/E of 15.98. I aim to make 15% after tax, so valuation reflects this. I forecast EPS growth over the 7 years of 10.5% per year and valuation of 19 P/E in year 7. I forecast the current dividend payout ratio of 37% to continue along the 7 years.
19 1.15 1.105 year eps div price+div price sum div compounding 0 27.35 10.12 529.77 519.65 10.12 437.00 1 15.98 1 30.22 11.18 595.51 574.21 21.30 502.55 1 2 33.40 12.36 668.16 634.51 33.66 577.93 1 3 36.90 13.65 748.44 701.13 47.31 664.62 1 4 40.78 15.09 837.15 774.75 62.40 764.32 1 5 45.06 16.67 935.17 856.10 79.07 878.96 1 6 49.79 18.42 1043.48 945.99 97.49 1010.81 1 7 55.02 20.36 1163.16 1045.31 117.85 1162.43 1 8 60.79 22.49 1285.29 1155.07 130.22 1336.79 FALSE 9 67.18 24.86 1420.25 1276.35 143.90 1537.31 FALSE 10 74.23 27.47 1569.38 1410.37 159.00 1767.91 FALSE Buy below $4.37 15.98 PE