Maybe it is the posters that are irrational, not the market
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Maybe it is the posters that are irrational, not the market
I was sure it wasn't going to go below 4.80... now I feel sure it won't go below 4.60...
Honestly I'm surprised it's gotten so cheap. I'm waiting for evidence of a turn, or a change in news before buying in again.
Looking at the housing market stats from May, I don't think the market is doing that badly.
Many say SUM is just a property company (don't make money out of looking after oldies - profits from property)
Most listed property trusts seem to trade at around book value
Is book value a fair price for SUM then?
If so its share price would be about $2.50
After all at SUMs current price one is paying $1.1 billion for $0.5 billion of assets
So lewy - is SUM 'cheap' after all.
The value lies in the business model Winner...but I'm certain you already know that...:) Taking your devil's advocate example to the logical extreme you could easily argue that Evolve is merely a property company that owns property for the purposes of running early childhood care centers except that might present quite a problem seeing as their NTA is negative 26 cps, (going off memory). P.S. Like EVO's NTA illustrates I am not nearly as sure of the veracity of their business model as I am of SUM other companies :)
I think he was just playing devil's advocate Percy.
I hope so, but with over 16,000 posts ,some may not understand,his sense of fun. ?
Does not suit him,as I think of him more as a savvy "faithfull" investor,rather than a devil's advocate .?....lol.
I guess I should not really comment on Pushpay, as I find I can not value any share that is not yet profitable,but like you, I believe their business model is laying the foundations for a vey successful business.The first sight of break even,and I think they will be up up and away.Hopefully with me onboard too at that time.!!!!..lol.