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19-04-2017, 02:40 PM
#4371
That's a clever way to get the last word Roger
"I don't agree with you but let's get back on topic"
But I do agree about getting back on topic.
I think we have agreed that there is little in this to affect the profitability of SUM - the Govt will pay and they don't make a lot of their profit (% wise) from the care area anyway.
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19-04-2017, 02:53 PM
#4372
[QUOTEthey don't make a lot of their profit (% wise) from the care area anyway.][/QUOTE]
But the real question is : will it now make a loss in the care area?
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19-04-2017, 02:54 PM
#4373
Originally Posted by dobby41
That's a clever way to get the last word Roger
"I don't agree with you but let's get back on topic"
But I do agree about getting back on topic.
I think we have agreed that there is little in this to affect the profitability of SUM - the Govt will pay and they don't make a lot of their profit (% wise) from the care area anyway.
Any extra they have to pay Nurses and Activity staff will come out of their bottom line profit, and they will be paying, no Nurse is going to hang around on close to a caregivers pay. PS -I will give you some feedback on this once I've talked to a few Nurses etc from a few different facilities.
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19-04-2017, 02:55 PM
#4374
Originally Posted by macduffy
[QUOTEthey don't make a lot of their profit (% wise) from the care area anyway.]
But the real question is : will it now make a loss in the care area?[/QUOTE] A yes answer to that, care areas will be subsidized by development profits. On a completely different note, seems plenty of small holders keen to sell this stock presently in comparison to Ryman.
Last edited by couta1; 19-04-2017 at 03:30 PM.
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19-04-2017, 05:16 PM
#4375
Sum acting like a falling knife currently, bought a few more today but my hands are getting a bit lacerated, might have to use the pickup truck instead if it falls much further, my Ryman horse clear by a few lengths after today. PS-Just need Mr Cook to do a rave about how good yesterday's news was for caregivers like Simon did in the Herald yesterday, aye.
Last edited by couta1; 19-04-2017 at 05:20 PM.
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19-04-2017, 05:28 PM
#4376
Originally Posted by couta1
Sum acting like a falling knife currently, bought a few more today but my hands are getting a bit lacerated, might have to use the pickup truck instead if it falls much further, my Ryman horse clear by a few lengths after today. PS-Just need Mr Cook to do a rave about how good yesterday's news was for caregivers like Simon did in the Herald yesterday, aye.
No worries mate, Mr Cook set to announce an automatic policy of up to two dogs per resident for life and fixed fees for life as well at next weeks annual meeting and they can get away with charging $50k more per unit and people will gladly pay it. Get the Couta truck out mate (Tongue in cheek in case anyone is wondering)
I think SUM people are freeing up funds for the Oceania float...must be better value because its less than a dollar, LOL.
Last edited by Beagle; 19-04-2017 at 05:31 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-04-2017, 10:29 PM
#4377
What worries me about all this chatter ..and i have said this before..I fear for anyone venturing into the SM as a place to invest ...like Roger states "people are freeing up funds......."....Like what is wrong in viewing an investment as an investment...and not a 'stag' or a trade.....
And people complain about kiwis investing in residential property.....GEE I wonder why.
Why on Earth cannot folk view investing view same as something longer than a few days..weeks...
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19-04-2017, 10:47 PM
#4378
Originally Posted by Roger
...On another topic - 96% of SUM's underlying profit came from development margin or realized profit on resale of units. If we're talking total profit including revaluations it becomes crystal clear that this company makes its money from property, not provision of care services which are basically break even.
And now we come to the discussion about flat-lining property prices that don't affect SUMs profits
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19-04-2017, 10:58 PM
#4379
Member
Originally Posted by troyvdh
What worries me about all this chatter ..and i have said this before..I fear for anyone venturing into the SM as a place to invest ...like Roger states "people are freeing up funds......."....Like what is wrong in viewing an investment as an investment...and not a 'stag' or a trade.....
And people complain about kiwis investing in residential property.....GEE I wonder why.
Why on Earth cannot folk view investing view same as something longer than a few days..weeks...
This isn't specific to the NZ market. Why do people have to view it as a investment rather than a trade. There are many ways to make money in this game, sure investing long term is one of them but it ain't the only way.
Different strokes for different folks eh
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19-04-2017, 11:06 PM
#4380
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