SUM - Summerset Group

[Beagle]

Leaving on a high ........no, just after the first stage of Summerset becoming great

I think with the benefit of hindsight, (with the real estate market going gangbusters all around the country), having such a massive landbank will prove to be a great legacy Julian's foresight has left the company with. I remember him telling me after one meeting that he could buy six decent blocks of land in the regions for the price of one in Auckland.

If they can get their sales cranking, (and you would think they could in this market), and keep development margins at least in the mid 20% range the company has a bright future...but I think that's already baked into the share price, then again with this real estate market set to continue going ballistic for years, who knows ?

[macduffy]

Just for winner!

Boulcott village gets go-ahead!

http://nzx-prod-s7fsd7f98s.s3-websit...463/335346.pdf

[bull....]

good to see summerset stepping up.

Flurry of job offers and recruitment support for Covid returnee seeking aged and disabled care work

One organisation that got in touch with Smith was New Zealand stock exchange listed retirement village operator Summerset.
“We would be interested in hearing from her to see if we have anything she may be interested in,” a spokeswoman for the company said.

https://www.stuff.co.nz/business/industries/123521175/flurry-of-job-offers-and-recruitment-support-for-covid-returnee-seeking-aged-and-disabled-
care-work

pretty hard case a lot of these type places thought she was too over qualified

[artemis]

.... pretty hard case a lot of these type places thought she was too over qualified

Usually code for we can get the same cheaper, or person is not seen to be a good fit. Both good business decisions.

[dreamcatcher]

Certainly a good time to leave as Cook realized this property bubble cannot last..............

https://www.interest.co.nz/property/...t-housing-boom

[bull....]

$10 close? wow sum is diffentely the best of the bunch in the retirement space

$11 wow summerset is still the best of the bunch

[winner69]

$11 wow summerset is still the best of the bunch

Good to see that things still progressing well

Interestingly the trend of SUM share price relative to OCA remains intact. The only real time recenlty this relativity has gone askew was early 2019 and saw OCA shareprice be 20% of SUM - wow in July 19 SUM was $5.05 and OCA was $1,04 - since the OCA up 24% and SUM up 107% - good effort by SUM I reckon

[BlackPeter]

Good to see that things still progressing well

Interestingly the trend of SUM share price relative to OCA remains intact. The only real time recenlty this relativity has gone askew was early 2019 and saw OCA shareprice be 20% of SUM - wow in July 19 SUM was $5.05 and OCA was $1,04 - since the OCA up 24% and SUM up 107% - good effort by SUM I reckon

Talking about relativity - what happened to the couta theorem?

[winner69]

Talking about relativity - what happened to the couta theorem?

Have to ask the much aligned couta I reckon

If he ever feels inclined to come back to sharetrader after what happened to him we may have seen it has all reverted back to the mean anyway

Maybe SUM is the new RYM in this sector and leading the way - always has to be one winner

[Beagle]

Talking about relativity - what happened to the couta theorem?

It was always a foolish notion that just because there had been some pattern of price relativity, (revolving around 50%) it would always be that way. This sort of theory has as its core central pillar the notion that one company is superior to another based on reputation and history and the clear inference is that the relative earnings per share of each company are completely irrelevant. In the long run the market is a weighing machine and not a voting machine.