Originally Posted by
buns
Don't worry about how RYM competes with those guys, its how RYM's profits compete with the money we put in. Can they maintain the ROE's required to justify their value, which is around 20-30% for quite some time.
It's the bidding for the land which becomes an issue for me, these other players have no chance in denting RYM's brand or operating more efficiently. But an awful player can still take land, especially a listed one. That could slow RYM or at squeeze its margins if they feel they have to bid on that land. I mainly worry about this in Auckland and Aussie.
Honestly speaking. My worry is quite theoretical, I actually don't know supply/demand or geographical movements that well in these locations.
No reason to sell, or even contemplate it.