SUM - Summerset Group

[winner69]

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

[Beagle]

I be in at $2 ....for SUM that is

Ouch !!!!!, even I as no longer a holder felt that sledge hammer.

[winner69]

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

[Beagle]

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...

[winner69]

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

[Mista_Trix]

Riiiiiiiight oooooon the eeeeeeedge...

[Vaygor1]

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.

[Beagle]

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 ?

[Vaygor1]

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.

[winner69]

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