Steady as she goes. Happy with that:)
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Steady as she goes. Happy with that:)
Except they're $6.50 now and lowest offer is $6.60. Winner must have been buying like crazy when he realised the game was up on his negativity, (Sorry Winner me ol mate, I'm a naughty dog and couldn't help myself :D)
Sales numbers don’t really matter at the moment......as long as they don’t go decline much
Earnings growth over the next few years is coming from the extraordinary revaluations of recent years.
Chart below is much is realised per sale (ie underlying earnings). Looks pretty good eh. The lines will continue to go up at a solid rate as the recent extraordinary revaluations are realised.
Even if F19 sales are the same as F18 Underlying Earnings will be about $115m. That’s taking into account past revaluations and profile of new builds.
So Underlying Earnings likely to grow by 17%/20% even without selling any more things. Sell more than last year and even greater earnings growth
Pretty good eh ....unlike that other much beloved sector player that sells heaps more for no or little earnings growth.
Cheapest growth stock on the NZX in my opinion. Julian is relentless when it comes to keeping costs in check, unlike some other CEO's who think their primary role is to be a people pleaser.
If interest rates go to zero or negative, with a dividend yield of just over 2 per cent this will be seen as an income and growth stock :)
I see SUM have a new brand ambassador. https://www.summerset.co.nz/about-us...et-ambassador/
That's more cunning than a hungry Beagle, who wouldn't trust anything Jude Dobson said :)
Have a look at their Hobsonville village. This dog has had a good look around said village and am very impressed with the waterfront units !
https://www.youtube.com/watch?v=1DdyGoSzjXs
Summerset confidence https://www.youtube.com/watch?v=cHC3TithchU
Summerset has staged a very good recovery in the last 2 months since Jude came on board and made these video's, up more than $1. Coincidence or very clever marketing ?, you be the judge.