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04-08-2014, 01:46 PM
#2001
Originally Posted by moosie_900
Investor psychology sats this may actually happen as newbies with little/no experience tend to enter favoured sectors towards the end of bull runs. To them, $1 looks waaaaaay less expensive than $8 or even $3 as it is all superficial to them. Could be worth a stag on this premise alone
I be in at $2 ....for SUM that is
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04-08-2014, 02:45 PM
#2002
Originally Posted by winner69
I be in at $2 ....for SUM that is
Ouch !!!!!, even I as no longer a holder felt that sledge hammer.
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04-08-2014, 03:09 PM
#2003
Originally Posted by Roger
Ouch !!!!!, even I as no longer a holder felt that sledge hammer.
Looks like we had that DEATH CROSS
Might just be abherration if she picks up a bit later today
No worries though because MAC says not always bad news
Last edited by winner69; 04-08-2014 at 03:10 PM.
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04-08-2014, 03:13 PM
#2004
Originally Posted by vorno
What's the name for this new IPO?
Oceania Living
http://www.sharechat.co.nz/article/7...lding-boomhtml
W69 - Hmmm with this new listing hanging over the sector and sucking the wind out of the sails of existing operators, strong indications the real estate market is cooling and flat sales by SUM itself its hard to see any reason why the SP trend would change anytime soon. The trend is your friend if your waiting for a point of entry, why rush ? I don't think you'll see $2.00 but the SP will have a 2 in front of it very soon. Norah Barlow timed the exit of the vast majority of her stake pretty well eh....still I suppose that's what happens when you're in possession of all the facts just before a Q1 sales announcement.
Highly esteemed ? Plenty of food for thought there I think...I can't help speculate if the buyers of that stake were as well informed...
Last edited by Beagle; 04-08-2014 at 03:22 PM.
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04-08-2014, 03:20 PM
#2005
Originally Posted by Roger
Oceania Living
http://www.sharechat.co.nz/article/7...lding-boomhtml
W69 - Hmmm with this new listing hanging over the sector and sucking the wind out of the sails of existing operators, strong indications the real estate market is cooling and flat sales by SUM itself its hard to see any reason why the SP trend would change anytime soon. The trend is your friend if your waiting for a point of entry, why rush ? I don't think you'll see $2.00 but the SP will have a 2 in front of it very soon.
I learnt many many years ago not to fight trends, yes the trend is your friend
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04-08-2014, 04:24 PM
#2006
Riiiiiiiight oooooon the eeeeeeedge...
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04-08-2014, 05:04 PM
#2007
Originally Posted by Mista_Trix
Riiiiiiiight oooooon the eeeeeeedge...
….. and over.
Be an interesting day tomorrow to see if the panic merchants set in and propel their fear of a lower price into reality.
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04-08-2014, 05:17 PM
#2008
Last year's underlying profit $22.154m / 217.297m shares = EPS of 10.195 cps.
299 / 10.195 = a PE of 29.3. where's the bottom ?
Last edited by Beagle; 04-08-2014 at 05:21 PM.
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04-08-2014, 05:39 PM
#2009
Originally Posted by Roger
Last year's underlying profit $22.154m / 217.297m shares = EPS of 10.195 cps.
299 / 10.195 = a PE of 29.3. where's the bottom ?
$2.20 if SUM copies what happened to RYM 7 years ago. Refer http://www.sharetrader.co.nz/showthr...l=1#post493837
But without another GFC, can't see SUM going that low.
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06-08-2014, 10:13 AM
#2010
You guys all gone to a funeral or something, not much in the way of comment lately about how good sales are going to be and all that stuff
Chin up guys. The market just a bit irrational at the moment
Some say a good time to buy when like this
But the again the market may actually be acting rationally and this is a just a valuation rerating
Whatever one thing or sure Summerset will make heaps of dosh this year
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