SUM - Summerset Group

[Snow Leopard]

I think a rise is imminent because underlying profits will soon rise too. However, please feel free to quote vague/inconclusive chart patterns as additional reasons for a potential move up

Yep pretty simple really more sales equals more profits equals rising share price no charting skills needed

You two are just grumpy because you dished Metlifcare but it keeps going up .

Best Wishes
Paper Tiger

[Yoda]

My guess is short term drop to 3.40 then rise to 3.60 and remain semi-stable for 2-3months

Lets say 3.40 and up to 3.70 by july 31st 1200noon haha

[winner69]

Im very much a novice, but i see a wedge formation in the SP over the last 6 months with 3 equal peaks and rising lows. Maybe a higher rise soon? Opinions....

That not good news is it yoda

Mr Bulkowski says more likely to break down than up

[couta1]

You two are just grumpy because you dished Metlifcare but it keeps going up .

Best Wishes
Paper Tiger

Yeah/Nah were just looking forward to some time next year when Sum and Met's share prices are on a par

[Yoda]

That not good news is it yoda

Mr Bulkowski says morevlikely to break down than up

Oh well, old Tom must be right. Just goes to show, i have to study more than one book

[winner69]

Oh well, old Tom must be right. Just goes to show, i have to study more than one book

But if you ignore the peak back in Jan and draw some lines from mid Feb you get an Ascending Triangle which break UP more often than down and when they break up the average price rise is 37%. So says Tom

On the back of couta's inside intelligence and the chart probably showing a bullish pattern SUM is screaming BUY BUY BUY BUY - about time as still below where it was 6 months ago

So SUM over 450 come the Q3 announcement

Just remember you read it here yoda

[Goldstein]

Lets say 3.40 and up to 3.70 by july 31st 1200noon haha

If it drops to $3.40 I'll be picking up some more. There's the second quarterly sales coming out early July - not sure how that will affect the price. As others have mentioned it's probably the third quarter results which will be the most significant showing whether the new build is being converted into sales.

[Beagle]

I put some spit and new special polish on my crystal ball which now shows projected 2014 profit at $26m.
EPS growth of 18%, historical PE of 35....pretty much on a par with Ryman's fundamentals.
Fair value.

[Snow Leopard]

Yeah/Nah were just looking forward to some time next year when Sum and Met's share prices are on a par

Last time was 27 September 2013 when both closed at $3.17, one of only five days when SUM as equaled or bettered MET closing price:

Attachment 5919

Best Wishes
Paper Tiger

[Mista_Trix]

I reckon a bounce off $3.30 intra-day to settle mid $3.30's before moving back up again, its tracking pretty well with these peaks and troughs as it moves consistently sideways.

Has massively underperformed comparatively