quote:
Originally posted by Placebo
Forsyth Barr has revised its valuation upward, after reviewing its assumption on average unit sales per annum. As attached:
Quote:
quote:Key Points
Ĝ We have increased our long-term assumption of annual New Sales from 200 units to 250 units.
Ĝ This change in assumption has a significant impact upon our RYM valuation as New Sales are a key driver of management fees and resales.
Ĝ Our revised valuation is $6.60 and in view of the valuation gap and robust nature of the RYM business model, we have maintained our BUY recommendation
So not quite as bullish as The Boss, but bullish nonetheless
:):)