SUM - Summerset Group

**Vaygor1** · 11-09-2014, 05:00 AM

Originally Posted by Goldstein

I thought the report was quite good. Nothing startling, but they haven't destroyed anything by bringing the build in-house.

Far too early to say yet. Might be a fair reason why the expenses are up a bit as a cost to in-house entry, so to speak.

**Beagle** · 11-09-2014, 10:34 AM

Clear break above the 30 day moving average now. On the rebound in anticipation of a real cracker Q3 sales result ? (less than a month away).

**Goldstein** · 11-09-2014, 10:39 AM

It's gone through the $3 resistance level. I was waiting for that before buying any more.

**Goldstein** · 11-09-2014, 05:12 PM

Managed to pick a few more up at $3.02 - not as many as I wanted. Strong finish again today.

**Beagle** · 11-09-2014, 05:42 PM

Yes its a curious thing that repeated strong finish to the day...

**couta1** · 11-09-2014, 05:56 PM

Originally Posted by Roger

Yes its a curious thing that repeated strong finish to the day...

Some peoples know something about the Q3 results coming up I reckon

**PartyPooper** · 11-09-2014, 06:50 PM

I'm not sure about upcoming results. To me looking the NZX as a whole it seems everything was pushed up via the currency dropping from 82.20 US cents to 81.78 cents today.

Quote
"Reserve Bank governor Graeme Wheeler said the currency's strength remains "unjustified and unsustainable".

http://www.3news.co.nz/business/kiwi...ing-2014091111

**Xerof** · 11-09-2014, 07:04 PM

Originally Posted by PartyPooper

I'm not sure about upcoming results. To me looking the NZX as a whole it seems everything was pushed up via the currency dropping from 82.20 US cents to 81.78 cents today.

Quote
"Reserve Bank governor Graeme Wheeler said the currency's strength remains "unjustified and unsustainable".

http://www.3news.co.nz/business/kiwi...ing-2014091111

I think the market is chasing yield, given there is a slight downward reassessment of interest rate moves, inflation outlook, housing price outlook, and whats more, the risk of political change has been virtually eliminated. (Look at bellweather Electricity shares rallying strongly, and Cunliffe is toast)

nothing to do with FX IMO

**Beagle** · 11-09-2014, 07:04 PM

Originally Posted by NewGuy

I think we a know that the q3 occupation metrics will be way better than q2...

I think that's fair comment.

FX won't have any effect on Kiwi's selling their homes in Kiwi dollars and buying into SUM units in Kiwi dollars. A drop in the kiwi dollar might make it more attractive for overseas purchasers to buy SUM units and live out their days in clean green N.Z.