RYM - Ryman Healthcare

[Charlie]

Australian property prices remain resilient despite economic headwinds - ABC News

Got to be good news for Ryman Aus.

[X-men]

Back the truck!!

[Newman]

From the chairman's presentation:

We are committed to prudent capital management. The Board made the
decision during the year to suspend dividends. The need to continue to spend
capital to complete committed village buildings and the desire to limit increased
borrowings being key factors behind what I believe to be a logical decision and
in the best interests of shareholders.

As previously communicated the company intends to undertake a further review
of the dividend policy at FY26. Any future dividend policy is expected to be based
on cash flow.

At March 2024, net interest bearing debt was $2.51 billion, up $210 million from
March 2023 however in-line with the position at September 2023. Total funding
headroom at March 2024 was $507.5 million (consisting of undrawn facilities and
cash).

Gearing of 36.2% has increased 3.1 percentage points reflecting both higher debt
and the impact on shareholders equity from valuation movements and
impairments. This sits slightly above our medium-term target of 30–35%.

[flyinglizard]

still long way to go to reduce the excess debt. The debt is still increasing.

[Leemsip]

good rhetoric in the preso though.

Super impressive buildings. Just got to monetise them and they seem focussed on this. Im a fan.

[Toddy]

good rhetoric in the preso though.

Super impressive buildings. Just got to monetise them and they seem focussed on this. Im a fan.

Ticks the boxes if you are not a fan of paying tax. All capital gain and zero dividend tax.

[nztx]

https://www.nzherald.co.nz/business/...KSFLYUZJEQHCE/

Ryman Healthcare bombshell: reviewing fixed weekly fees, DMF for new residents

So any new entrants are likely to bashed over the head harder by RYM as soon as they come in door

Did someone say this outfit were going to be growing ?

might need a further new rescue plan after the latest mission falls into hole in the concrete outside the main entrance

Let it not be another wholesale borrowing mission out of the US of A ..

[kiwikeith]

https://www.nzherald.co.nz/business/...KSFLYUZJEQHCE/

Ryman Healthcare bombshell: reviewing fixed weekly fees, DMF for new residents

So any new entrants are likely to bashed over the head harder by RYM as soon as they come in door

Did someone say this outfit were going to be growing ?

might need a further new rescue plan after the latest mission falls into hole in the concrete outside the main entrance

Let it not be another wholesale borrowing mission out of the US of A ..

Hey when a company is not making a profit it is a bit rough to say they are bashing customers over the head when they raise prices. Ryman provides a fantastic product (as some of my relatives can testify) but shareholder returns have been poor in recent years.