Do n't tell Sauce but I own shares in both.
Very important announcement by SUM.
Am I allowed to say both are "very well positioned" !!!!!!!!!!!!!!!!!! lol.
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Do n't tell Sauce but I own shares in both.
Very important announcement by SUM.
Am I allowed to say both are "very well positioned" !!!!!!!!!!!!!!!!!! lol.
Have been keeping an eye on this one over the last few months, after todays announcement I bought in!
I agree. It's the scale advantage (which manifests in many areas like the ones you have outlined and more) combined with the REAL 'full continuum of care,' that is the key to RYM's moat.
Shifting the mix towards care beds at a scale that is highly profitable, when other villages are not, in advance of the flood of over 85's is a very important strategic move also.
SUM will have some issues as their villages mature as some residents will not be able to get the care they need and may need to move - as you have pointed out - this is my understanding from my research also.
Care beds are a loss leader for SUM but not for RYM, and SUM make a big deal about their 'full continuum of care' but its not as 'full' as they imply.
Regards,
Sauce
What about the relative quality of their sites?
currently 215 up 11 +5.4%.... ...back into the blue sky (no resistance area):D
Wel, Summerset have just won the australasian award for the best retirement home provider , for the third consecutive year. They must be doing something right
“Ann Richards said Summerset stood out because of its unwavering commitment to being a totally customer centric company.
"Summerset has assembled the best all round management team in Australasia. It is unique in that it has managed to combine balance sheet drive and maintain 'customer centric' policies