Agree...everything does peak but if RYM continues to grow profits by 15 to 25% pa for some years yet then the market might be saying that it deserves a higher PE.
At present it may have got a bit overheated.
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Agree...everything does peak but if RYM continues to grow profits by 15 to 25% pa for some years yet then the market might be saying that it deserves a higher PE.
At present it may have got a bit overheated.
anyone go and buy ave?
was 2.66 when i posted...... now 3.10 !!
Yes, holder of a few AVE and a nice hike over the last 2 days.
Will not sell of remaining RYM, yet.
AVE up to 3.30 today.
Looking to continue rise next week.
Yes Footsie, I went and bought AVE after it was brought to my attention by your goodself, and subsequently doing my own analysis, fortunately ignoring your comment that it was not yet a buy due to trading at a premium to discount cash flow. Transferred some of my RYM profits into AVE at 2.69 and actually Friday's closing price was $3.30 with no signs of letting up, so far already making a decent paper profit but at this price still ticks all the boxes for a long term hold imo. It would appear that there is quite a bit of fund money entering the stock at the moment, its classic case of being just the right size to have attracted big money, now the big volumes are going through and driving it higher and higher. Guess it has multiple appeal being quality, conservative and affordable exposure to healthcare, the aging demographic and the Australian property market...Quote:
quote:Originally posted by Footsie
anyone go and buy ave?
was 2.66 when i posted...... now 3.10 !!
FG
RYM.... back to reality...... Woah there goes gravity
I must confess AVE caught me by suprise and i wasnt able to get in before it took off.....
and i wasnt in a hurry due to its price relative to dcf
It's still on my radar tho....... and now everyone elses !
And another 2% down today to 217, with the uptrend broken at about 227 -- i think Phaedrus would agree Footsie.
scamper is currently out of rym, but is interested in buying when the dust settles. And, of course, am hoping that the price settles downward a bit more as well. PE of 28 seems pretty high.
Has anyone picked a good entry/re-entry price? :)
Large late trade today $2.10.
Anyone know who dumped?
-Hit my stop now.
Well done to all those who sold at 2.40
Or in my case 2.45. Feeling very smug indeed