I just had to buy SUM, gotta back my own theorum which hasn't failed for near 7 yrs now.Lol
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I just had to buy SUM, gotta back my own theorum which hasn't failed for near 7 yrs now.Lol
Its right at the bottom of the 50-60% relative to RYM, Couta1 reversion channel so you can't go wrong mate :)
A friend of mine is buying a unit at SUM's Russley new village.
6 people were looking at the unit she is buying.
She went to the top of que as she did not need to sell her house to settle.
In fact her house is in the trust,so she had to sell her own shares to pay for it.
Looking at the new_sales & resales by themselves, without looking at the total units growth, appears to create a slightly confusing picture. Perhaps if sales were plotted as a ratio of total units, that might show a clearer picture of whether sales volumes are trending healthily or otherwise. I don't have the numbers handy to test that.
It would appear that option A is now unfolding. It is too soon to panic yet but it looks like the first canary in the coal mine has fallen off his perch.
I am very disappointed and concerned after these results.
The next step for me is to find out why the unsold new stock is piling up and if it's a sistemic problem or just a timing thing. Interesting that they have low numbers of empty resale units but a truck load of empty new stuff.
Beagle, I will now definitely be seeing you in Wellies later this month at the meeting.