SUM - Summerset Group

[BlackPeter]

He retired from the board last month. Pretty normal for directors and execs to sell out when they leave the team or the board?

Well, Rob is still in office ... Mark only steps up in July. Rob pretty keen to sell his shares ???

Normal would be to sell them (or some of them) after stepping down, not two months in advance ...

[winner69]

Campbell selling - nothing to see here .... no worries

You guys just think too much - a bit like some sport commentators - a certain event happens and they push a button and spout out the same comments every time

[Bjauck]

Well, Rob is still in office ... Mark only steps up in July. Rob pretty keen to sell his shares ???

Normal would be to sell them (or some of them) after stepping down, not two months in advance ...

The SP has had a good run up over the last couple of years.

Interesting item, I had missed, about Rob Campbell from Spinoff at the end of March
https://thespinoff.co.nz/business/13...g-class-heart/

[Snow Leopard]

I would be interested in a Technical Analysis of SUM at the moment. MA30/MA100 crossing over and trading along the line usually would indicate a sell signal right?

Moving Averages are USELESS, but here is a 2 month chart with 8,16,32 & 64 day EMA's for you:
2021-05-11-NZX-SUM.png

Note the low on the 26-Mar and that it is trending up now, so not a sell.

Note how at the low it bounced off the 2nd stop line, but did not go into the Red zone, so not a sell.

Pick your indicators to taste and you can justify anything.

[Cyclical]

Shares are best bought when cheap and sold when dear.

Rob knows that - and who might be better positioned than he to assess whether the current share price is cheap or dear? Summerset website says he has more than 40 years experience as an investor ...
https://www.summerset.co.nz/investor-centre/our-board/

But anyway - he probably just needs a new deck ...

Why does ATM spring to mind when I read that. Still, one company is backed by bricks and mortar, while the other mystical white powder...she'll be right.

[winner69]

Probably get the Q2 sales update this week

Should be good and we might even get an earnings guidance

Hard to assess how many sales - but if it is over 212 that would take MAT (Moving Annual Total) over the 1000 mark

Quite a milestone in light that it was just over 600 sales a year ago

Last 2 quarter's sales were good - if momentum is maintained SUM in for a good year.

Share price onwards and updates but no doubt some will remain with their view that SUM is way overvalued

[BlackPeter]

Probably get the Q2 sales update this week

Should be good and we might even get an earnings guidance

Hard to assess how many sales - but if it is over 212 that would take MAT (Moving Annual Total) over the 1000 mark

Quite a milestone in light that it was just over 600 sales a year ago

Last 2 quarter's sales were good - if momentum is maintained SUM in for a good year.

Share price onwards and updates but no doubt some will remain with their view that SUM is way overvalued

Who said SUM is overvalued? I must have missed that, but I think that they are much closer to a fair price than some other retirement villages. Similar to RYM already some years ago ...

This was at the time when beagle and I said that Ryman is fairly valued and SUM undervalued. Have a look how the prices did develop in comparison. The blue line is SUM and the red line is RYM.

RYM-SUM.JPG

Now I think that SUM is fairly valued (after a huge correction) and OCA undervalued.

Just link the dots :

[BlackPeter]

Probably get the Q2 sales update this week

Should be good and we might even get an earnings guidance

Hard to assess how many sales - but if it is over 212 that would take MAT (Moving Annual Total) over the 1000 mark

Quite a milestone in light that it was just over 600 sales a year ago

Last 2 quarter's sales were good - if momentum is maintained SUM in for a good year.

Share price onwards and updates but no doubt some will remain with their view that SUM is way overvalued

Who said SUM is overvalued? I must have missed that, but I think that they are much closer to a fair price than some other retirement villages. Similar to RYM already some years ago ...

This was at the time when beagle and I said that Ryman is fairly valued and SUM undervalued. Have a look how the prices did develop in comparison. The blue line is SUM and the red line is RYM.

RYM-SUM.JPG

Now I think that SUM is fairly valued (after a huge correction) and OCA undervalued.

Just link the dots :

[winner69]

Good news for sector ….should keep SUM profits humming along

Real estate agency Barfoot and Thompson reports big spike in Auckland house prices in June, says new regulations not dampening cost

https://www.newshub.co.nz/home/money...ning-cost.html

[Greekwatchdog]

Good Sales Numbers https://www.nzx.com/announcements/375448