That might be possible where there are water meters. It wouldn't be possible here in unmetered Wellington.
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For our friendly wager Roger.
I am pretty sure ALF was at $0.07, but unsure what RYM and SUM share price was over the weekend. Can you find out? :cool:
I believe SUM was $5.40 and RYM $8.86 ?
You'll be able to afford the taxi home easily if RYM beats SUM over the next year :)
Actually just expanding on Roger's Yearly Moan :) the more I think about the more I don't see any legitimate reason for RYM to trade at a PE premium to the sector.
Fact is many of the smaller companies are in the process of copying their systems, (fixed fee for life but one example) and are learning the ropes swiftly so have the ability to improve their development, management and care systems and thereby drive abnormal sector growth whereas on the other hand RYM have already perfected all their systems and apart from expanding into Australia which may or may not turn out to be to their competitive advantage don't appear in a position to drive EPS outperformance.
P.S. Behind the paywall article in NBR today about mounting opposition to their "prison" style development in Devonport. Their earlier developments such as the one at Remuera Auckland are very nice indeed, lately though the sort of facilities they are building are not what' I'd retire into. Moan complete :D
http://transportblog.co.nz/2016/06/1...leafy-suburbs/
about empty houses in auckland -- all 33,000 of them
Meters were "introduced" some years ago in Wellington on an optional basis. The deal included a lower base water charge for those who were metered and charged according to usage, ie it suited lower consumption but not heavy users of water. I don't know how successful this proved to be.
https://www.nzx.com/files/attachments/253843.pdf
To be fair MET's latest result and outlook doesn't look too bad. Heaps of embedded value that's for sure ! When you're the trailing horse of the field in terms of value and past development performance you've got plenty of room for improvement whereas how RYM provide outperformance from here given their perfected systems I have no idea whatsoever.