Forum Archive Index - December 2000

["Colin Ross" <ceejaynz@xtra.co.nz>]

I am a retired Pharmacist. I once had extensive dealings with Rest Homes,
including one of the Eldercare facilities.
At that time they gave me the impression that they had a lot to learn -
perhaps they have( learned, that is ), but I would hesitate to put any of my
mnoney with them.
Ceejay
----- Original Message -----
From: Mark Hubbard <mhubbard@es.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, December 05, 2000 1:29 PM
Subject: Re: [sharechat] Re: Eldecare


>
> > >No Replies, Someone must have an opinion please.
> >  , I have Eldecare Shares av..451, I am along term holder,
> > > this company was a brokers buy some time back is there something I
don't
> > > know or is this a great time to top up. Latest price..168 nta is .22c.
> > > Comments please.
>
>
> Hi Kelvin
>
> Eldercare, Metlifecare, and Ryman all operate in an exceedingly
competitive
> area, and growing more so, which would imply pressure on future earnings.
> Its also subject to govt. regulation to an uncomfortable extent in my
> opinion - re subsidies, etc. My personal favourite in this sector is Ryman
> (although I have now sold all my shareholdings in this). I like Ryman
> because they build as well as manage their own resthomes, thus, more
> diversified revenues, lower cost structure? Also, this company has kept to
> all of its profit promises since listing (well largely anyway). Thus, if
> you're dead set on this sector, perhaps think of Ryman rather than
> Eldercare - Ryman's shareprice is also down historically.
>
> IMHO anyway.
>
>
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