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RYM - Ryman Healthcare Ltd

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Ryman Health share price drop bad indicator?

Postby Bongo666 » May 18th, 2009, 7:01 pm

Originally posted By Bongo666 on May 15 2009

Judging from the update today by Ryman Healthcare things are looking good.
Dear Shareholder

We wish to take this opportunity to update you on our growth plans for 2009.

Firstly, we wish to reassure you that we are continuing to trade well, in what has been a
challenging climate for many businesses. In November, when we reported our first half
result, we projected that our realised profits would be as good, if not slightly better,
in the second half. We are trading in line with this guidance.

I am pleased to report that demand for our villages remains strong and construction of
our new villages is continuing apace. Our first townhouse residents have moved in at the
Jean Sandel Retirement Village in New Plymouth, with the main complex (serviced
apartments, village centre and the resthome/hospital) opening shortly.

In Whangarei the Jane Mander Retirement Village is well advanced with our first townhouse
residents settling in April, and the main complex on track for completion by the end of
September. The Evelyn Page Retirement Village in Orewa is now under construction with
the first townhouses scheduled for completion in June this year, and the main complex to
open later this year.

Planning is underway for our new villages in Dunedin and Gisborne, and as always we are
on the lookout for sites for new villages!

Our annual result will be announced to the NZX on 21 May, and you should expect to
receive your personal copy of the annual report by 30 June.


I cant wait come 21 May. :D


With a profit release for Ryman out this Thurs 21 and a drop of 8c in the share price today on reasonable volume, Ryman watchers might be thinking the news will not be so good.

I am betting that there will be reasonable write-downs of assets and a possible loss for that reason. :cry:
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Ryman Health in good health!!

Postby Bongo666 » May 21st, 2009, 4:36 pm

Bongo666 wrote:
With a profit release for Ryman out this Thurs 21 and a drop of 8c in the share price today on reasonable volume, Ryman watchers might be thinking the news will not be so good.

I am betting that there will be reasonable write-downs of assets and a possible loss for that reason. :cry:


It turns out my thinking out loud earlier this week was completely wrong. Ryman Healthcare had a great profit and actually had profit gains on property prices.

Revenue up by more than 20% and all signs good for a continuation.

Gotta love those oldies!! :D
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Ryman Healthcare moves into Tauranga

Postby Share Investor » June 23rd, 2010, 5:53 am

Ryman announces its arrival into Tauranga

Listed resthome and retirement village operator Ryman Healthcare today announced that their 24th retirement village will be in Tauranga.

“We are delighted to have secured such a stunning site, and to be able to offer the people of Tauranga a first class choice in their retirement”, Ryman managing director Simon Challies said today.

The elevated 7.1 hectare site for the village is on Carmichael Road, close to the Bethlehem Town Centre. The village will feature panoramic views of the Mount, the harbour and across the neighbouring reserves. On completion the village will be home to over 450 residents, and employ more than 150 staff.

“We are very pleased to be making a $100 million plus investment for the older people of Tauranga, and to be able to give a boost to the local economy.”

Ryman plans to develop a retirement village - offering townhouses, apartments, a village centre, as well as a resthome, with hospital and dementia care facilities.

"It’s very reassuring for our residents to know that we can care for them when the need arises.”

The village centre will feature a range of resort style facilities - indoor heated swimming pool and spa, all weather bowling green, movie theatre, hair and beauty salons, library, gym and a grand internal atrium.

“We identified that Tauranga was not only one of NZ’s fastest growing cities, but was also home to one of NZ’s fastest growing elderly populations,” said Mr Challies. “And there is a need for investment in new resthome facilities sooner rather than later."

The company currently operates 21 villages nationwide, offering a combination of both retirement living and resthome care. The villages are all designed, built and operated by Ryman.

Ryman recently opened villages in Whangarei and Orewa, and plans to open new villages in Gisborne, Dunedin, Christchurch and now Tauranga.

Ryman is a six times winner of Best Retirement Village in New Zealand, serves over 5,000 New Zealanders and employs over 2,500 staff.

Ends

Media advisory: For further information, photos, interviews or comment please contact Simon Challies on 0800 588 222 or 0274 968 762
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RYM NEWS - Ryman plans first Australian village

Postby Share Investor » July 29th, 2010, 4:49 pm

Ryman plans first Australian village

Media release – July 29,2010

Leading aged care and retirement village operator Ryman Healthcare is actively seeking a site for its first village in Australia, the company’s annual meeting of shareholders heard in Orewa today.

“We have been carefully studying the Australian market for several years,” said chairman Dr David Kerr, “and we see it as the next logical step in the growth of the company. The Ryman model will be relatively unique in the Australian market.”

“We are in a strong financial position and the management team is ready to take this next step.”

“Shareholders can be reassured that we will be taking one step at a time, and that we will be very focussed on getting the first village successfully established.”

The company’s growth plans in New Zealand remain intact, with plans to open at least 450 new units/rooms per annum to add to the existing portfolio of 4,400 units/rooms.

“We are currently building on eight sites around New Zealand, and have announced two new site acquisitions this year in Christchurch and Tauranga,” said Dr Kerr. “We have a healthy landbank of over 2,000 units/rooms or over four years stock and remain on the lookout for exceptional sites for villages in New Zealand.”

Ryman recently reported a record realised profit of $61 million, and lifted the annual dividend 16% to 6.1 cents per share.

“We have reviewed the first quarter’s performance and I am pleased to advise that we are trading well,” Dr Kerr told shareholders. “We are ahead of last year and we are on track to achieve our medium term target of 15% growth in realised profits for the full year.”

Statistics NZ estimates the number of New Zealanders aged 75 plus will more than double from 250,000 to 516,000 over the next twenty years. Ryman is well positioned to cater for the accommodation and care needs of this rapidly growing group of people.

Ryman currently operates 21 villages nationwide, offering a combination of retirement living and resthome care. The villages are all designed, built and operated by Ryman.

Ryman recently opened villages in Whangarei and Orewa, and plans to open new villages in Gisborne, Dunedin, Christchurch and Tauranga.

The company is a six times winner of Best Retirement Village in New Zealand, serves over 5,000 elderly New Zealanders and employs over 2,500 staff.


Ends

Media advisory: For further information, photos, interviews or comment please contact Ryman Chairman Dr David Kerr on 021 362 403, or Ryman Managing Director Simon Challies on 0274 968 762


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RYM - New Ryman village for Petone

Postby Share Investor » July 31st, 2012, 4:55 pm

2:05pm, 31 Jul 2012 | GENERAL

New Ryman village for Petone

Ryman Healthcare announced to shareholders at today’s Annual Meeting that its 28th village will be in Petone.

The 3.3 hectare site in Petone, which was once the Petone High School, will be developed into a Ryman retirement village offering the full continuum of care.

“Its a magnificent site for a village, on the flat overlooking the Hutt River and surrounded by reserves on three sides, including Sladden Park,” reported Ryman chairman Dr David Kerr. “The residents will enjoy wonderful vistas in every direction – to the Western and Eastern hills of the Hutt, to the Tararuas in the north and across Wellington harbour to the city.”

Lower Hutt is currently underserviced by retirement villages and aged care facilities, relative to other cities around New Zealand, and has a growing retired population.

The company recently reported an underlying profit of $84 million for the last financial year, and marked a milestone of ten years in succession of record profit results.

“We have reviewed the first quarters trading, and I’m pleased to advise that we are trading well, and ahead of last year” said Dr Kerr.

The company announced this year that it had lifted its build rate to 700 retirement units and aged care beds per annum, in response to the strong demand that it is experiencing for its villages.

“Adding the Petone village has lifted the landbank to over 2500 units and beds, however we are still on the hunt for sites in New Zealand.”

Shareholders also heard that the company expects to start building its Melbourne village in the next few months.

The NZ Government has recognised the need for an additional 12,000 – 20,000 aged care beds to meet the projected growth in demand over the next 15 years.

Statistics NZ estimates the number of New Zealanders aged 75 plus will more than double from 250,000 to 516,000 over the next twenty years. In Australia the outlook is similar, with the number aged 75 plus set to double to 2.8 million.

Established in 1984 Ryman currently owns 24 villages nationwide, which each offer a combination of retirement living and aged care, and serves over 6000 residents.

Ends

Media advisory: For further information, photos, interviews or comment please contact Ryman chairman Dr David Kerr on 021 362 403, or Ryman managing director Simon Challies on 03 3664069 or 0274 968 762
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