Reader Question – Do you may have a maximum debt to equity determine that directors aim to maintain below? Reader Question – It has been advised to me that Ryman’s success is built on its being a property firm, fairly than a healthcare one. We’re due to this fact a healthcare company, ezigarettenmarkt which meets a really real need from the rising elderly inhabitants. Our confidence in Ryman’s future prospects is due to this fact not just the results of the quality of what we do – our function designed villages meet a very real, vapetank and vapebest rising, need in the community.
GM – Victoria is our initial front runner, as it’s worthwhile to focus your energies somewhere to get traction, but a site could equally pop up in Queensland or ezigarettenmarkt NSW first. During the initial sell down part of the first levels we will get a very good feel for how we’re going. GM – We’ll rigorously assess the entire Australian expertise, from land acquisition to consenting to constructing, promote down and operations.
GM – Given the expansion in our elderly inhabitants anticipated over the long run (as outlined above) it is hard to see a plateau – the demand vapeprodukt will just get stronger over the next 20 years. This has given residents actual certainty over their weekly outgoings, which is essential for the elderly. Share Investor – Congratulations on an amazing full yr end result to 31 March 2010. Was this anticipated by administration or vapeglobal a surprise given the state of the economy?We’ve got never incurred debt to fund acquisitions, or share purchase backs and the like. Encouragingly, build costs are literally decrease in Australia and on the care side of issues suppliers can obtain an accommodation bond on prime of the weekly fees (in NZ rest residence / hospital care gives weekly fees solely), which we see as a bonus.
Our rest home and hospital beds are purely wants driven, as are our serviced apartments – collectively these account for 2 thirds of our models / beds.
Most frequently, nursing or care services are run by different operators to the providers of impartial dwelling villages and in several locations. However, they can still be an excellent useful resource. They appear to take a great long term approach and look after their employees effectively. We now have proven that we are able to trade well in a tough property market, as was evidenced in 2009 when the market fell 10% but our realised earnings elevated 5%.
Without the absolute healthcare focus we’ve, our enterprise might nicely be considered as more a property firm. GM – Based on what we have now seen overseas, and suggestions from overseas investors, our Ryman providing is unique and world class. SI – What sort of revenue margins are you reaching and have they been maintained as the company has grown?