But that's just your conservative estimate - Oppa Clown-nam Style.
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Did anyone manage to read the NBR article in the print version (annoying split over three pages!!!). Morningstar tried to defend its target price and have relunctantly decided to increase it - all the way up to $4!!!!!
A year ago you could buy RYM at $3 a shot and today you need to pull an extra $2 from your wallet for the same thing. You can probably work out that is an increase of 67% pa
Meanwhile RYM itself grows it's financials at about 15-18% pa.
So kindly explain to me how something with a steady 16% (ish) growth can be worth 67% more a year later.
Maybe it was undervalued then or is overvalued now or a combination of both.
My current (yesterday) value for Ryman is $3.951, I think the market (and thus some brokers) have got rather carried away with the continued success story of this and if the uptrend ever ends I may consider selling.
Best wishes
Paper Tiger
PawNote:
I have some RYM shares which I bought at $1.05 back in Dec 05 and thus have had yearly capital growth of nearly 24% (plus the little dividends). Difficult to beat that.
I had similar thoughts to you PT. Hold MET and SUM as I think it's a good sector to be in.
However, it's hard to put a figure on good management and I think it is clear Ryman has this in spades.
Well done to those investors that got in on the ground floor.
Cheers,
Goldstein
Of course, at its current price the div yield is only 1.8%...
Soooo, this is only a capital gains share. But Scamper is still a firm holder. Cheers
Just had a phone call from a 92 year old distant relation who has lived for the past 6 months at RYM Diana Isaac retirement Village.When I asked her if she enjoyed living there she replied "the food is dreadful".Well what could I say?!!!!