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FG: Well all I can say is you must have some SERIOUS growth propositions in mind if you think they can outperform Ryman on current trajectory. Yes -- it will be hard to sustain. But at the moment it is still walking the talk -- why opt out now?
Thank you Phaedrus. It is taking me a while to get my head around Ryman not having lovely big numbers beside its charts. Have to get myself in that $2-ish head space.
Gosh that is interesting about Dunedin positioning itself for global warming. Expect they are forecasting bumper crops of papayas and breadfruit, which will be going in just as soon as that permafrost layer defrosts. ;)
Come on Dunedinites....! What do you expect when the biggest tourist boost this summer came from floating icebergs off your coast?
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Mosgiel (inland from Dunedin) is becoming a retiree's paradise... slightly more moderate climate. Although for you more delicate ladies up north, even slightly more moderate would still have you reaching for ugg boots and wheat packs.
Anyway, if refrigeration keeps things fresh, surely the frigid cold here in the riviera of the south would be best for preserving the condition of our elderly? It's just that they won't actually want to be preserved if they had to live in this weather... catch-22.
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You'll note that I spelt Dunedin and Mosgiel with a capital, but riviera without one. Deliberate. Deserved. How it should be.
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my advice........ If you like RYM wait......... guarantee that within the next 12 months you will be able to buy it 20-30% cheaper that where it is now...
If you own RYM.......... take your profits, move on
nothing goes up forever
Do you know that Apple computer is now trading"cheaper" than RYM,,.....on a p/e growth basis...
With regard to AVE, i really like but havent bought yet as its trading above its DCF, personally with AVE i will wait for another EPS accretive acquistion or time my entry so i at least have some "val gap"
part of my success has been to limit the downside, works the same with cfds
disc: i own some apple
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Article in the Dominion the other day with Ryman claiming they are on the verge of being a NZX top 10 company on market capitalisation. Still some way off making the NZX10 index (because of various criteria), but an interesting observation nonetheless.
Suggestion in the article that once it hits top-10 status then fund managers climb in to match indexes, this can lead to more buyers than sellers and rise in the price. Ah the beauty of economics 101.
I recall the company "officially" making the NZX15 a wee while back, this did lead to some strengthening in the price but from memory it was nothing particularly dramatic (the price was going northwards anyway).
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Phaedrus
Please let me know when the trend breaks down in this stock
Thanks
Footsie
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Dudes - I just sold out my holding at 2.45 - have held since 2004 and was in danger of falling in love with the share and ignoring the perilously climbing PE (with corresponding low div). Was happy to forfeit div for good acquisitions and growth but have been nervous about over-valuation for a while. I have no doubt this will have some upside left but with the size of my stake I wanted to be able to get it way withhout too many issues - picking the top and actually being able to take advantage of it are very different things! Will re-enter when things have cooled down a bit - still a good story with growth left there. I suspect this sentiment is shared by a few of the Sharechatters
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every market has its darlings - I think Ryman has become one for various reasons: a) continued growth b) good management and governance c) pretty good shareholder returns. Much similar to Warehouse during its journey to $7+ few years back.
Pumpkin Patch is another market darling.
A premium must always be paid to hold such stocks.
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but everything peaks.......
once the stock goes "ex " growth
or at least when growth moderates to 10%...... yawn
SKC, WHS, BCA, BRY, FLT.asx too name a few off the top of my head
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sure...Ryman hasnt reached that state yet. It has several years to go (still a lot of ageing population. Significant demand and a long waiting list too)