SUM - Summerset Group

[winner69]

Judging by the SP appreciation in the past few weeks, this news might not be 'news' to some. Leaky ship?

SUM has just been rising on the coat tails of OCA, no insider stuff

[davflaws]

SUM has just been rising the coat tail of OCA, no insider stuff

"is rising the coat tail" the same as "lifting the skirt"?

[artemis]

Herald today (paywalled) - With a 300% share price rise in 10 months, why did brokers overlook this stock?

Yep, Summerset.

[tahert2]

Herald today (paywalled) - With a 300% share price rise in 10 months, why did brokers overlook this stock?

Yep, Summerset.

A biased outlook actually. Conveniently compares the March low vs current price. Stock advisor firms were recommending better companies at the time as most people would be unwilling to buy that low during the time.

I mean most stocks have gone up 2-3 times on the NZX if comparing to the March 2020 lows. Some much much more.

[winner69]

House prices still going up at ever increasing rates .....now nearly 20% higher than a year ago

Good for Summerset et al

https://www.reinz.co.nz/Media/Defaul...ber%202020.pdf

[Waltzing]

and perhaps good for the whole sector.

because it was supposedly over stocked but turns out it wasnt?

well that leaves one very low priced share left.

[winner69]

Neat article on Vena Crawley (he’s a Summerset Director). Seems a really good guy.

Love the bit about his altercation with Joan Withers -

I did the interview process for the future director programme at The Warehouse and they said, “Oh, you’re brown, and you’re gay – that’s cool”. I was really honest with [Warehouse Group chair] Joan Withers and said, “I don’t want to be your diversity tick”. I got a few smacks from Joan – she would put me back in my corner, but also I stood my ground.




Business desk says it free so have a read

https://businessdesk.co.nz/article/t...stomer-officer

[Mudfish]

I see MarketScreener has SUM evaluated at almost $13 a share by 4 analysis. Any thoughts? Just bought a couple.

[Greekwatchdog]

For Bar had target of $12.80 back in Mid Dec..

[dabsman]

I see MarketScreener has SUM evaluated at almost $13 a share by 4 analysis. Any thoughts? Just bought a couple.

And $13 hit now. Certainly riding the property market. Has a ton of embedded value to recycle and more coming each year. Very interested in how quickly and agressively they roll into Aussie. Can only be good when more Aussie eyes are on this stock