ryman healthcare big

Ryman Healthcare Limited

(RYM)

NZX

Recommendation:

Neutral

Share Price:

NZD

Market Cap:

$

Ryman Healthcare: Repairing the Balance sheet

16 February 2023

Ryman Healthcare was put in a trading halt yesterday to announce a $902m capital raise, intended to pay down its debt, lowering gearing (LTV) from 45.3% to 33.9%. Shareholders will be offered one share for every 2.81 at $5.00 each, at a 22% discount to the previous trading price. Ryman has historically avoided capital raises, preferring to use debt, but as the company is already quite highly geared management has no choice but to go the capital raising route.

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Recommendation:

Neutral

Share Price:

NZD

Market Cap:

$

Latest Research on RYM.NZE

Another Weak Result

Ryman Healthcare Limited
26 November 2021

End of the Glory Days?

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8 June 2021

Gearing up

Ryman Healthcare Limited
18 January 2021

Victoria Lockdown Uncertainty

Ryman Healthcare Limited
8 August 2020

Record Unit Sales

Ryman Healthcare Limited
14 June 2020

Lifting Construction Levels

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23 November 2019

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