Ryman Healthcare moves goal posts, shoots for returns

Ryman executive chair Dean Hamilton is in the role until a new chief executive is found. (Image: Ryman AGM)

Tue, 06 Aug 2024

After nearly three years of constant share price decline, Ryman Healthcare is punting that a focus on cashflows can turn its fortunes around.At a fiery annual meeting on Aug 1 – at which one investor told executive chair Dean Hamilton "returns have been zilch" – Ryman sought to reassure distressed investors.The headline reform, previously announced on May 27 in its annual results, is a renewed focus on cashflow. This will change how the company thinks about its operations and guide its dividend allocation.Having...

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