SUM - Summerset Group

[Jinx]

10.55 am the price will be $4.02,and at 4.35pm the price will be $3.98.

So you predict the "Summerset preliminary 2015 full year financial results will be released pre-market on Wednesday 24 February 2016" will not effect the price at all?

[trader_jackson]

So you predict the "Summerset preliminary 2015 full year financial results will be released pre-market on Wednesday 24 February 2016" will not effect the price at all?

I think a good result is already fully priced in, an average result will result in a fall, and a great result may help the share price to hold up above $4

[TFA]

Another site acquisition, this time in Hamilton. This is the 4th acquisition in the last 8 months after Warkworth extention (2.4Ha), St Johns (2.5Ha), Parnell (2.3) and now Hamilton (6.3Ha). Impressive growth to continue

[drcjp]

Bit of action this morning. Mainly off markets though.

[iceman]

Interesting ponderings from the Finance Minister. I wonder if the likes of RYM and SUM may even be directly interested in this idea ??http://www.stuff.co.nz/business/7693...-years-english

[Hoop]

Interesting ponderings from the Finance Minister. I wonder if the likes of RYM and SUM may even be directly interested in this idea ??http://www.stuff.co.nz/business/7693...-years-english

I hope not..
State Housing is not a viable business and will always need taxpayers funding.. Dependance on Govt funding can be tied up in a flood of R's... red tape, registration, restrictions, rules and regulations....Child day care businesses found this out when the 20hrs free care child funding came into being...

Also...
https://www.tvnz.co.nz/one-news/new-...rch-homes.html
http://www.newstalkzb.co.nz/news/nat...contamination/

[BlackPeter]

I hope not..
State Housing is not a viable business and will always need taxpayers funding.. Dependance on Govt funding can be tied up in a flood of R's... red tape, registration, restrictions, rules and regulations....Child day care businesses found this out when the 20hrs free care child funding came into being...

Also...
https://www.tvnz.co.nz/one-news/new-...rch-homes.html
http://www.newstalkzb.co.nz/news/nat...contamination/

Agreed, for some some state house tenants it might be more appropriate get Serco to house them.

However - they are a public company as well. On a second thought - Sercos trend chart (http://www.4-traders.com/SERCO-GROUP...590148/charts/) looks similar but much worse than the CEN chart you have published on the other thread ... so you are probably right: while it is possible to make money in dealing with the state (military equipment springs to mind) - it seems to be in the long run hard (or impossible) to make money by providing privatised social services ...

So - lets put this idea into the nutty basket and leave this thread better for the profitable housing of better-of retired people ...

[artemis]

Actually not a bad idea. Some potential tenants, nope. But if you look at the Social Housing Register applicant stats nearly a quarter are over 55 and some 40% of all applicants are singles or couples (ie eligible for 1 bedroom).

Those over 55 would often be OK tenants, just with low incomes or health issues. If SUM or RYM, say, were to create complexes for the older age group - a demographic they certainly understand - it could work. However I see potential problems if MSD allocates tenants and the provider has to accept them no matter what, or the provider is expected to deal with or coordinate help for individual tenant issues. Either of those scenarios could soak up that subsidy in a heartbeat.

Many state house applicants have, shall we say, issues. (I have worked quite extensively in this area. Trust me on this!)

[Beagle]

Pretty good result and I see Norah Barlow is stepping down from the board in April. Now we have half way reasonable internal controls over when insiders can buy and sell and with this board change I might put this one back on my watch list now.

[blackcap]

Pretty good result and I see Norah Barlow is stepping down from the board in April. Might put this one back on my watch list now.

HI Roger, I inherited a few of these a while back so they are also on my watchlist now. Are you saying Norah Barlow stepping down is a good thing? Not sure whether to sell or hold but the announcement today reads well at face value.