New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Ryman Healthcare (RYM) will report its 1H25 result on Thursday, 28 November.</li><li>After it lifted the veil on a decade of opaque accounting practices and half truths at its FY24 result, we expect its 1H25 result to be a continuation of the transition for RYM.</li><li>Multiple factors will likely impact the result: (1) battling a cyclically subdued housing turnover, (2) completing large legacy high-density developments, (3) moving to a new DMF structure, (4) initiating a sizeable cost out programme, and (5) changing its reporting to a completed/settled basis. </li></ul>

Ryman Healthcare (RYM) will report its 1H25 result on Thursday, 28 November.After it lifted the veil on a decade of opaque accounting practices and half truths at its FY24 result, we expect its 1H25 result to be a continuation of the transition for RYM.Multiple factors will likely impact the result: (1) battling a cyclically subdued housing turnover, (2) completing large legacy high-density developments, (3) moving to a new DMF structure, (4) initiating a sizeable cost out programme, and (5) changing its reporting to a completed/settled basis. 

Ryman Healthcare - 1H25 Preview — Let Go of Yesterday