picking bottoms is brave
Printable View
I think the issue is that yet again for the umpteenth year they are not achieving their stated goal of 15% per annum growth in underlying earnings.
You can't keep on missing this goal indefinitely without the market eventually waking up and saying that the company is no longer worth the premium to the rest of the sector.
I'd be interested at $7. If it doesn't get down there to reality ask me if I care :D
looks like the ryman result rubbing of on all them now
Yeah except Radius which has already seemed to find its bottom trough and has been holding around the previous CR price for a while now. Didn't follow the spike up that Ryman, Somerset etc did. Rad will probably be the odd ball and buck the trend out of them and may rally off its low to 10% up above CR price. SUM and RYM do seem priced at a premium. We sold out of both and moved funds across to RAD when dropped slightly below the CR. Will sit and see fruitions from their recent acquisitions to develop. Might be the first of this sector to see some upwards movement if the sector has stalled and trends down currently.
FWIW, Macquaries retain their Outperform rating on RYM with a 12 month target SP of $16.
Jarden analysts reiterated their ‘sell’ rating after the retirement village operator’s half-year earnings result was below their forecast.
The analysts said the stock was “unappealing” due to high levels of debt and a risk the share price could fall significantly.
However, Macquarie gave a different view saying that with strong demand and high property prices the stock deserved its price tag
https://www.goodreturns.co.nz/articl...or+22+Nov+2021