Ryman investors fret about depressed share price

Ryman chair David Kerr said Ryman's sacred cow has a very thick hide. (Photo: Ryman)

Fri, 30 Jul 2021

Ryman Healthcare's shareholders are fretting about an experience they have little familiarity with: its languishing share price.Ryman shares closed Wednesday ahead of the annual shareholders' meeting still 24.6% lower than the end of 2019 while rival operator Summerset's shares were 46.9% higher.Some would, and many analysts do, blame that on the relentless increase in the company's debt and gearing over the last few years, landing at $2.25 billion and 44% respectively at March 31 this year.By contrast, Summerset's gearing a...

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