To right Harvey! - I really hope sum stays low so I can keep buying more as cash comes avalible. Im happy for the SP to stay around 3.40 and even will be even happier to see it drop towards 3.30.
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Totally agree. A great time to buy, even better if you have parents who in the future need care. I also wouldn't be surprised if a foreign business tries to buy out some of these care firms as they are a consistent earner. Not glamorous, but neither is waste management.
I assume SUM is similar to RYM in this respect, but is anyone able to tell me if SUM sell their initial occupancy rights of new units at a discounted price and what this discount is? My understanding is the discount is made because prospective occupants are buying off plans rather than being able to see and move into a finished unit straight away.
I dont think there is a discount. Unlike a normal apartment building where the developer needs a certain amount of pre-commitments before the bank allows him to start, SUM has its funding lines sorted in advance. 'Pre-sales' only start once the development has actually started, not before like apartment buildings. Therefore the resident has very little risk regarding the complex being built, or the move in date, whereas with a normal apartment, you dont even know if it will get built, let alone a move int date, even your deposit is locked up in the trust account indefinitely.
big volumes, somethings up.
I wish winner69. Just highlighting to investors big volumes, one 200000 went through earlier on. I have noticed with few stocks, funds buy large and then something good is announced.
Nice run up to divvy with good volumes.
I wonder whether the change in dividend yield will have an impact on the share prices of MET and SUM
Currently we have:
MET 0.72%
SUM 0.72%
RYM 1.33%
with SUM changing to 0.94% (with the divvy going from 2.5 to 3.25cps) at today's share price.
If anybody has the data it would be good to see a hitstorical plot of RYM's dividend yield.
Waste of time looking at it. RYM and SUM are growth stocks at this stage of the game. Dividends are only being made to stop shareholders complaining. I imagine when deciding on the div they work out what is the lowest they can get away with. Two or three years from now divs will start meaning something.