SUM - Summerset Group

[winner69]

Very low! Efficiency is indeed increasing. I look forward to seeing just 11 or 12 units being available for resale this time next year

Such low numbers (less than 1 months stock) would suggest they have a waiting list at some villages

Good eh

[JeremyALD]

Goodness me. Down to $4.90.

Retirement stocks are certainly going through a bit of a correction.

[BlackPeter]

Goodness me. Down to $4.90.

Retirement stocks are certainly going through a bit of a correction.

Markets down ... and hey - they just are touching the MA100. Not too worried yet.

[James108]

Multiples on "growth" and "defensive" (i.e. sum, AIA) stocks got away from themselves imo and we are seeing a bit of a correction.

Sum still got a while to fall before I would consider topping up again.

[winner69]

So 13% down from recent highs

Looks like a long drawn out market correction underway. Bad when market sentiment changes

Time to lock in profits methinks - might get them cheaper next year

Then again could do some sums and sell just enough to say the rest are free .....but thats just being stupid

[Beagle]

Breeched the 100 day MA...market feels to me like it wants to have a decent 10-15% correction. Good quality stocks like SUM with a great outlook getting beaten up...oh my goodness..what to do ! Maybe interest rate increase concerns a little overblown but the momentum is there and while that momentum remains there's probably more pain to come. I sold half at close. (Can only be half wrong or half right going forward from here) SUM would say a sum-what more measured approach.

[percy]

So 13% down from recent highs

Looks like a long drawn out market correction underway. Bad when market sentiment changes

Time to lock in profits methinks - might get them cheaper next year

Then again could do some sums and sell just enough to say the rest are free .....but thats just being stupid

Stupid R Us.
Very happy and profitable being stupid.
I just love "free" shares.
It has become an enjoyable habit.
Fun too.

[sb9]

Multiples on "growth" and "defensive" (i.e. sum, AIA) stocks got away from themselves imo and we are seeing a bit of a correction.

Sum still got a while to fall before I would consider topping up again.

Keen on both those ones mentioned, but not at current level if they (ever) get some silly price level, watching intensely.

[troyvdh]

I always remember a statement from someone wise....If you are achieving a compound return of 7 %...PA...be happy.That by the way has been the average (I believe) return from residential houses for the past 100 years....Some of these retirement entities have returned ..what 350 %....in 5/6/7 years...

[Beagle]

So your remaining ones are 'free' (or very cheap) .......

Yes very cheap but to be honest I can't even be bothered working out how cheap. As far as I'm concerned I'd rather just take a pragmatic risk management approach in a soft market rather than creatively engineering a specific outcome so I'm happy to leave the creative accounting approach to others.