Opinion

Ryman's rising debt the topic du jour

Jenny Ruth
Mon, 31 May 2021

Ryman chief executive Gordon MacLeod is a "rockstar" CEO, according to analyst Stephen Ridgewell.
Jenny Ruth
Mon, 31 May 2021
Ryman Healthcare prides itself on never having had to ask shareholders for more capital since its $25 million float in 1999.That's because it has a long track record of recycling capital from building and then selling down its retirement villages.It's clear the company is loath to change that status, despite gearing having reached 44%, squarely in the post-GFC category of 'too high'.Investors and analysts have been eyeing its rising debt for several years now and at least one broking firm, Jarden, is suggesting Ryman would benef...

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