SUM - Summerset Group

[winner69]

SUM now same price as it was 52 weeks ago - $4.65

A year ago SUM was on a PE of 11.7 (trailing NPAT) - if it was still on this PE its price today would be $7.83

So the rerating / negative sentiment / unloved things has negatively impacted shareprice by $3.27

Huge rerating downwards eh - impacted things by 40% odd - planet SUM (couts phrase) must be going to self destruct or something

[couta1]

SUM now same price as it was 52 weeks ago - $4.65

A year ago SUM was on a PE of 11.7 (trailing NPAT) - if it was still on this PE its price today would be $7.83

So the rerating / negative sentiment / unloved things has negatively impacted shareprice by $3.27

Huge rerating downwards eh - impacted things by 40% odd - planet SUM (couts phrase) must be going to self destruct or something

Hey winner, remember that Ryman hit $9.05 in 2014, today's close $8.32, after 3 years the price is 73c cheaper than it's top in 2014.

[winner69]

Hey winner, remember that Ryman hit $9.05 in 2013, today's close $8.32, after 4 years the price is 73c cheaper than it's top in 2013.

Three years ago RYM share price was $9.00 with a PE of 23.2 (trailing NPAT) - if it was still on this PE its price today would be $16.45

So the rerating / negative sentiment / unloved things has negatively impacted shareprice by $8.13 (about 50%)

Rerating impact of RYM is 50% over 3 years and SUM is 40% over 1 year

Probably says that RYM was outrageously/ridiculously over priced in 2014 ....but SUM has been ridiculously rerated down by so much

[couta1]

Whoops, I should have put 2014, not 2013, corrected now(All this work with dementia patients is wearing off on me)

[Elles]

Whoops, I should have put 2014, not 2013, corrected now.

That makes it three years ago...

[couta1]

That makes it three years ago...

Your right, dementia definitely the problem.

[fish]

Your right, dementia definitely the problem.

I am please to diagnose you as cognitively intact.
You will be surprised how the years go past and one year out is not bad

[Beagle]

Three years ago RYM share price was $9.00 with a PE of 23.2 (trailing NPAT) - if it was still on this PE its price today would be $16.45

So the rerating / negative sentiment / unloved things has negatively impacted shareprice by $8.13 (about 50%)

Rerating impact of RYM is 50% over 3 years and SUM is 40% over 1 year

Probably says that RYM was outrageously/ridiculously over priced in 2014 ....but SUM has been ridiculously rerated down by so much

I think so but sentiment is a funny thing mate and often the correction goes on deeper and longer than one would like.

I really do believe some people are letting this potential housing correction and extra cost of construction thing in Auckland get the better of them.
Barfoot and Thompson provide monthly price stat's by suburb in Auckland. People should DYOR and have a look at how prices have moved in Ellerslie, Hobsonsille, Warkworth, Karaka and the new proposed village area's of Parnell and St John's over the last three years. By looking into that people might gain an understanding of the degree of latitude the company has regarding setting its pricing and the degree of accommodation there is with those vastly increased prices to accommodate increased construction costs.

Consider also the fact that there's no let-up whatsoever in immigration, (another record this week at just on 72,000), and then consider Labour's shocking poll result last week, (what chance have they really got of getting into power in September), maybe, just maybe, people who take the time to do their own research and thinking might get a few very valuable insights.

[sb9]

Article in NBR behind paywall on retirement sector....

Hunter's Corner: A reality check for a boom sector

[winner69]

I think so but sentiment is a funny thing mate and often the correction goes on deeper and longer than one would like.

I really do believe some people are letting this potential housing correction and extra cost of construction thing in Auckland get the better of them.
Barfoot and Thompson provide monthly price stat's by suburb in Auckland. People should DYOR and have a look at how prices have moved in Ellerslie, Hobsonsille, Warkworth, Karaka and the new proposed village area's of Parnell and St John's over the last three years. By looking into that people might gain an understanding of the degree of latitude the company has regarding setting its pricing and the degree of accommodation there is with those vastly increased prices to accommodate increased construction costs.

Consider also the fact that there's no let-up whatsoever in immigration, (another record this week at just on 72,000), and then consider Labour's shocking poll result last week, (what chance have they really got of getting into power in September), maybe, just maybe, people who take the time to do their own research and thinking might get a few very valuable insights.

While the rerating of (lowering of PE) RYM has been gradual over 3 years (and likely to continue) SUMs rerating has been like a shock out of the blue (rerated by as much as RYM but over 1 year)

But thats the way of the market eh. Maybe the market is right and the things are settling towards more realistic multiples for all in this sector - are the good days over?