I have read a bit of the content in this thread. :-) But what are the pros and cons of this company, as of today?
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Is the company undervalued and likely to outperform on a sector basis and market wide. Use the principle last years worst performer is the following year best performer as investors switch
Do you look at charts. One of the most interesting ways to assess share price direction.
Are these [various listed] concepts for "retirement" the only way? What could disrupt this market? Any thoughts?
Yes, I look at charts. I am intending to study the various players in NZ and as part of that will be share-price history. I'm not a "chartist", however; if I am, it's minimal.
Read the annual reports of each retirement village operator and compare the financial statements + the market cap of each company. IMO when you do that Oceania comes out as the cheapest of them all. I think the whole sector is undervalued though, probably with the exception of radius.
SUMs biggest strength is also it's big weakness.
The hospitals are already overflowing, it won't be long until people will be thinking very carefully before moving into a retirement settlement without premium care facilities.
Q3 sales up 19% on same period last year ….YTD numbers now up on last year as well.
Things looking pretty good
http://nzx-prod-s7fsd7f98s.s3-websit...678/404747.pdf
Excellent result from SUM.
I think this is a nice example to demonstrate what I've been saying on the OCA thread about the predictability of resale volume..
That the combined new sales + resales from whatever appropriate past tenure period = today's resales.
SUM is just about all villas , their tenure is 8 years.
Today's resales = resales + new sales from around 2014-2015.
From this graph one can see evidence the number of resales comes directly from new builds 8 years or so prior. Also that we can soon expect a relative tempering of the strong growth in resales SUM has created to date. That is surely the reason they have moved over the ditch, to keep increasing their build rate.
It is an excellent update and sales were exactly on track.
The biggest takeaway from me from this update
…very strong contracted stock …strong pre-sales continue…Demand for the village has been very high…Pre-sales of Serviced Apartments at our Te Awa main building are strong.
All seems very well indeed in RV land. Great job as always SUM.
Blue- new sales
Red -resales
Yellow -new+ re sales
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