RYM - Ryman Healthcare

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quote:Originally posted by Harrys

Paper Tiger. And what number will you be happy with? At todays price of 3.44 its on a PE of 15.6
Its been on that for 3 mnths. Ive chose Rym as the
first stock I ever bought in Aug 03 because I knew a bit about the retirement village business and how they make their money. They have been steadily on the rise and their business will continue to grow. Even if you pay nex years price now, you will be laughing in 2 yrs time.

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Hi Harrys
15.6 based on what numbers? You doubling up the half year profit I presume and quoting a forward P/E?
Short term prices go up and prices go down.
Despite all the talk of not being able to time purchases it is something I try and do. Sometimes it works beautifully and sometimes it don't but it makes the buying more fun.

regards

Paper Tiger

Paper Tiger

The pe is based on a forecast profit of 22m FY05 and there is no reason to doubt that they will make it. A reccession proof industry.

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quote:Originally posted by Paper Tiger

Some just sold for 334.
It would seem that we are moving back to the real world here.

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Thanks very much for the shares Paper Tiger. RYM has just closed at a new high $3.65. I bought my first lot at 1.68 and my second at 1.83 a year about and a half ago. If they had closed 1 cent higher today I would have doubled my money on the second lot too. Oh well - maybe tomorrow.

Thanks also for running the share picking comp. I still haven't decided whether to chose RYM as one of my 5.

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quote:Originally posted by rmbbrave

Quote:

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quote:Originally posted by Paper Tiger

Some just sold for 334.
It would seem that we are moving back to the real world here.

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Thanks very much for the shares Paper Tiger. RYM has just closed at a new high $3.65. I bought my first lot at 1.68 and my second at 1.83 a year about and a half ago. If they had closed 1 cent higher today I would have doubled my money on the second lot too. Oh well - maybe tomorrow.

Thanks also for running the share picking comp. I still haven't decided whether to chose RYM as one of my 5.

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Can I just try and clarify again that my 334 comment was a general comment I did not buy or sell any shares at that price. I was keeping a close watch on the RYM price at the time, looking to try and pick some up at a lowish price.

Sorry PT,

I thought you bought 398 shares at the same time I sold them.

Ryman still expanding and the price down to 3.31 so far today.

I sold up a while back but I'm looking to get back in.


08 Apr 2005 03:53
ASSET: RYM: Ryman buys Salvation Army resthome in Napier

Media Release - April 8, 2005

Ryman buys Salvation Army resthome in Napier

Retirement village operator Ryman Healthcare has purchased a 52-bed
Salvation Army resthome on a 1.1 hectare site so it can expand its new
Princess Alexandra retirement village in Napier.

The resthome is strategically located next door to Ryman''s existing
Princess Alexandra village.

Ryman Development Manager Ray Versey said the resthome would be rebuilt
and merged into a fully integrated retirement village. Mr Versey said they
are currently scaling up the rate of construction at the site.

``Once completed, the village will be able to provide 120 independent and
serviced apartments, a resthome, special care and hospital beds.''''

The public company''s growth strategy continues nationwide, he said.

Planning approval has also been issued for a new village on the
magnificent St John''s Hill site in Wanganui. Construction will commence in
the next few weeks.

Resource consent has also been granted for an additional 62 townhouses at
the very successful Shona McFarlane retirement village in Lower Hutt.
Construction will start shortly.

Ryman''s annual result will be released next month. Last year they posted a
record annual net profit of $18.4 million up 20 percent on the previous year.

The company has villages, resthomes and hospitals in Invercargill,
Dunedin, Christchurch, Wellington, Lower Hutt, Napier, Hamilton and Auckland.
They employ 1300 staff and provide homes for more than 2500 New Zealanders.

Ends

Media advisory: For further information contact Kevin Hickman on 03
3664069 or 027 4321227 or Kip Brook at Word of Mouth Media NZ 03 374 5426 or
0275 033855
End CA:00113849 For:RYM Type:ASSET Time:2005-04-08:15:53:18

was going to buy into this rest home business.

but narr... what both rym and met only have around 3k oldies?! out of how many oldies are there in nzl... couped with the government wanting ppl to die in their homes instead of rest home...

at the moment narrr no old folks homes for me.

im thinking of a keen scheme when im older, gonna buy outright rest homes sup them up with blister packs :D, imagine the cost savings im gonna get with my drugs :D

Anybody know what EPS they will have for the coming annoucement?

Truedragon

I would guess about 23cents.

Of real interest was todays MET announcement. If Todd buy it, Aussie interest may turn to RYM. Price action of RYM lately has been related to MET action, and Fisher buying. All imho.

For anyone who is interested, I reckon the RYM graph is showing a potential triple bottom.

http://portfolio.findata.co.nz/Quote.aspx?e=NZX&s=RYM

Am I correct that this will be confirmed if the SP exceeds 3.90?

If it does, according to TA theory this constitutes a strong buy signal.

http://www.streetauthority.com/terms...mformation.asp