Back to SUM
Book Value (ie Shareholders Funds) as at June19 is 21% higher than June18 and 8% higher than Dec18
one of best measures of company value .......so those numbers pretty impressive.....and better than others in the sector.
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Back to SUM
Book Value (ie Shareholders Funds) as at June19 is 21% higher than June18 and 8% higher than Dec18
one of best measures of company value .......so those numbers pretty impressive.....and better than others in the sector.
... and there are those who believe when they are wrong (rather spectacularly in this case) they can never own up to it or even try to admit otherwise... I had to do it with PEB, its a tough thing to do but the right thing to do
One thing is for sure, such a person would make a great politician!
But yes, back to sum
Who cares who is right or who is wrong. Look at the share price, the big money neither liked or loathed it. Back to yesterdays price shortly.
My view changed later that year and was very clearly articulated and I posted same immediately after I sold. It is extremely disingenuous to go back and take a selective post from one point in time, (without posting their revised view), and then go on to rub their nose in it with no other purpose than taking a childish approach.
Heathy debate yes, but, such nonsense is not something I will be engaging with any more.
People can always change their minds on companies & it is great when they share the reasons on a forum. I would be concerned if opinions remained immutable despite developments.
It looks like the latest result indicates that SUM has been in a consolidation period. It is interesting to see that BV and underlying profit improved though. It remains a long term hold for me.
Anyone notice the way they phrased the sold stats: "Recorded sales". Did they used to list the sales, then say that there were a bunch under contract? If that's the case, I'm ok with this, but would rather see sold + contracted.
Also, "...although the mix has changed slightly, with growing serviced apartment sales reflecting the increased emphasis on this offering over time..." this for me is a vote to put money into oca instead. (If you were thinking to buy more retirement villages).
That said, i think it's a great result in the current property market.
Disc: hold a minute parcel of sum, and no other villages. Im holding off buying more until either mid recession bargains are too enticing, or the next property boom.