When we last visited Ryman Healthcare Ltd [RYM.NZX] in April 2011 and back then I recommended a strong buy. I picked a strong buy at $2.51 and since its closing back then it has stacked on $1.45. Not bad for a retirement stock! All the 3 others listed in the NZX have similar trajectories but Ryman is the strongest by far.
You would have to ask your yourself has this got further to go?
Probably you would have to answer but now would be good time to consider moving, lock in the profits and takes your business elsewhere. If you are like me, in for the long term, consider it once if you have and any profit you have now put it to the back of your mind and consider how much you will be getting for your shares in 5 years.
I bought a few years ago for $1.97 and own the shares for less than $1.50, so I am on to a good thing here and a dividend of above 5% make this a stock to keep - based on an average of about 20% growth pa - so you cant go wrong here.
Keep if you don't need to sell but sell if you want to lock in your profits, the only way is down.
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Ryman Healthcare @ Share Investor
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Time for retirement?
Discuss RYM @ Share Investor Forum
c Share Investor 2012
DIsagree. Ten years worth of demographics in their favour. Best margins in the industry. A build rate than got hiked in 2007-2008, and with roughly 4-5 years to have a village reach maximum cashflow potential, their villages from 2007-2008 onwards will be spiking their profits. Management know how to execute well, and expansion is now occurring in Australia, where the fruits of this will be felt in 4-5 years time. This is the only part of the construction industry in NZ that has queues of people lining up to buy homes.
ReplyDeleteThis is a "secular" stock in a unique position. But if you think the only way is down, then sell the lot Darren, because its low-value as a dividend play.
Well an answer. Glad you did. My position is don't sell for all the reasons and more that you mentioned, the company is in a stellar position and faces a bright future. Lets be clear Im never gonna sell this. I am talking about people who got in recently ready to make a quick buck. The market upswing is not real its based on us propping up the wastrels, including us. When this happens is anyones guess but it will...
ReplyDelete