Ok I will make that a shotgun with a gold stock. That should do it.
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Nice finish to the day SUM at $7.61 and an all time high of $7.72 seen today. $8 by the end of next month and getting on the way (but about 3/5 years time) to catching up to Rymans sp unless something drastically goes wrong.
Index rebalance drove the price today as it did with a few other stocks. As for catching Ryman, no offense but that's a fantasy(Bar another share split) I'd bet some good coin on it. PS-Think what the RYM share price would be right now hadn't they had a 5:1share split and compare that with SUM.
As you may know, sum retirement village operators are having a Auckland wide open day today at their villages. I went for a tour around sum Hobsonville facility today. As you may also know, I have been a slight critic of SUM in the past, namely as I have been a bit skeptical of their 40+% growth rates continuing due to a few factors, such as arguable high (compared to sum others) gearing and how this could be impact when/if price growth slowed down and/or if interest rates rose.
However, although I will not go into details, I was fairly impressed" would be the best 4 words to sum it up... so much so that if OCA wasn't so cheap (and I also had some cash for investment), I would be putting myself on sum other share registers.
The sum puns are definitely far to overused, although still much better than Bupa's facilities... one of which is having an open day tomorrow I think.
I had a good look around Hobsonville about this time last year and also came away impressed especially with their north facing waterfront homes.
Shares are up 50% since then but are still SUMwhat cheap compared to RYM on a forward PE of 17 v 25 for RYM.
OCA do look to have the most short term potential though at present but are unproven so only time will tell.
And the shares keep rising. How nice