I be in at $2 ....for SUM that is
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Oceania Living
http://www.sharechat.co.nz/article/7...lding-boomhtml
W69 - Hmmm with this new listing hanging over the sector and sucking the wind out of the sails of existing operators, strong indications the real estate market is cooling and flat sales by SUM itself its hard to see any reason why the SP trend would change anytime soon. The trend is your friend if your waiting for a point of entry, why rush ? I don't think you'll see $2.00 but the SP will have a 2 in front of it very soon. Norah Barlow timed the exit of the vast majority of her stake pretty well eh....still I suppose that's what happens when you're in possession of all the facts just before a Q1 sales announcement.
Highly esteemed ? Plenty of food for thought there I think...I can't help speculate if the buyers of that stake were as well informed...
Riiiiiiiight oooooon the eeeeeeedge...
Last year's underlying profit $22.154m / 217.297m shares = EPS of 10.195 cps.
299 / 10.195 = a PE of 29.3. where's the bottom ?
$2.20 if SUM copies what happened to RYM 7 years ago. Refer http://www.sharetrader.co.nz/showthr...l=1#post493837
But without another GFC, can't see SUM going that low.
You guys all gone to a funeral or something, not much in the way of comment lately about how good sales are going to be and all that stuff
Chin up guys. The market just a bit irrational at the moment
Some say a good time to buy when like this
But the again the market may actually be acting rationally and this is a just a valuation rerating
Whatever one thing or sure Summerset will make heaps of dosh this year