SUM - Summerset Group

[troyvdh]

dear F4T....No offense here intended...you must be young...."OZ inc"...hate ..loathe...and betray "us"....i.e. Ansett..Telecom..and lets not forget "apples"......and perhaps...potatoes...and numerous other entites have fallen foul to ......whatever.....me thinks that Muldoon was right (goggle his quotes)...personally I am amazed at the progress that RYM are making ....given the 'environment"....ie industrial workforce et al...go well mate...I if I were you I would "eat" more....

[macduffy]

A bit unfair there, troyvdh?

After all, no-one twisted any arms to get Air NZ, Telecom, The Warehouse, Hallensteins etc buying into Australia. More a case of "big" NZ companies looking to expand overseas, having come to dominate their local markets. But that's by the by. I reckon stoploss has the answer - perhaps SUM will relinquish the ASX listing in due course " due to low turnover and to reduce administrative costs" or some such rationale.

[Beagle]

SP weakness in the lead-up to Q3 sales is a little disconcerting.

[winner69]

SP weakness in the lead-up to Q3 sales is a little disconcerting.

We should be hoping Norah is selling then, stabilises the shareprice for a while.

Did I really say this in such a sensitive world.

[Zaphod]

SP weakness in the lead-up to Q3 sales is a little disconcerting.

Yes, agreed. Although the market could be overly pessimistic due to being disappointed with the results announced in the last few updates + HY report.

If they miss the target again, I'll reconsider my remaining holding.

[Beagle]

We should be hoping Norah is selling then, stabilises the shareprice for a while.

Did I really say this in such a sensitive world.

LOL You're a good bugger so I can see the funny / ironic side

[skid]

Im no chartists but both SUM and Rym seemed to both been nailed by ''the cross of death''--whether its fundamentals or spooked traders its not great atm

[couta1]

Im no chartists but both SUM and Rym seemed to both been nailed by ''the cross of death''--whether its fundamentals or spooked traders its not great atm

Rule out fundamentals the whole market bar a few looking pretty sad eg Air now 3 weeks post dividend and not making any headway toward pre dividend price says a lot IMO.

[Goldstein]

Rule out fundamentals the whole market bar a few looking pretty sad eg Air now 3 weeks post dividend and not making any headway toward pre dividend price says a lot IMO.

Yes I think the NZX is really drifiting sideways. The news that the RB has been selling the NZD has possibly unsettled a number of offshore investors.
A journalist asking Key where he thought the NZD/USD should be and Key responding 65c probably didn't help.

[winner69]

I reckon Q3 sales to be at least 125

New sales 75 / resales 50

Bit on the low side? But I prefer to be conservative and pleasantly surprised when they come out with 140 plus

Wonder what Norah knows? Maybe not much as she is only just a director