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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket up as Sanford rides the wave

Sanford’s result was its best in a decade.

Tom Raynel 6:10pm

Infrastructure

Treasury sounded the alarm about $1b transport fund changes

Officials recommended deferring decisions until Budget 2025.

Oliver Lewis 5:50pm

Treasury sounded the alarm about $1b transport fund changes

Markets

Why Xero is loyal to the ASX

Cloud accounting firm 'happy to show up differently', CEO says.

Rebecca Stevenson 3:45pm

Sponsored

Ready for the C-Suite leap?

Part-time programme. Full-time leadership transformation.

University of Auckland Business School

Sponsored

Active beats passive in tough times

Agile investing responds faster to market shocks and shifts.

Milford

More Property

Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025