Missing the XRO train...um...all I have to say is this lol https://www.youtube.com/watch?v=esjec0JWEXU
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Missing the XRO train...um...all I have to say is this lol https://www.youtube.com/watch?v=esjec0JWEXU
Jeez ...this in the NBR sounds ominous ....using the word questionable ...ouch
Must try to get a copy
Ryman’s middle age spread
The retirement village company’s underlying earnings and growth assumptions look increasingly questionable.
Good click bait headline that one. Thing is they keep saying their target is 15% underlying earnings growth which ostensibly almost exactly doubles underlying earnings every 5 years but they keep undershooting that 15% now more than once. They are starting to really underperform this sector but are priced at roughly double the underlying PE of SUM companies which have a well proven track record over many many years of growing MUCH faster.
No wonder they use the word "questionable"...I've been saying the same thing and questioning their valuation for a very, very long time.
Short Ryman / Long SUM a really great strategy to eliminate sector risk.
Does this disclosure mean that Andrew Mitchell no longer works at a Ryman and has cashed in $2.6m of his bonuses
http://nzx-prod-s7fsd7f98s.s3-websit...718/301292.pdf
Craig’s did a little piece on Ryman
https://craigsip.com/insights/overvi...n%20healthcare
In our view RYM is the best fit in the sector, with a high quality portfolio, a proven track record and more defensive continuum of care model.