SUM - Summerset Group

[gv1]

Who are the major s/holders. Maybe have to ask them to do something seriously about mgt.

[Beagle]

Well done Roger - I tried to give you some 'reputation points' but it said I had to spread the love elsewhere first before I give you any more. Well done.

Out of interst, did you get the NZSA involved or did they get involved on their own? Either way, a small win for shareholder activism.

Thanks again guys. I contacted John Hawkins of the NZSA expressing my serious concerns, back-grounding the matter and copied him in on my correspondence to SUM directors and their response back to me. John worked with the directors and used his contacts in the NZX to help them understand the shortcomings of what had transpired.

I also want to thank Blackpeter for his support in helping draft the original correspondence to SUM directors. Thanks mate and thanks for what you've said.

I think this underscores the value of the NZSA and their relevance in the market so I've put joining up with them on my too do list for early 2015.

[forest]

I think this underscores the value of the NZSA and their relevance in the market so I've put joining up with them on my too do list for early 2015.

I think this is one of the best thing a investor can do for her/him self. Support the organisation which support you as an independent share holder investor.

[Beagle]

I see this as a new initiative for me for the new year mate. I'm almost in Xmas mode now

[Vaygor1]

I see this as a new initiative for me for the new year mate. I'm almost in Xmas mode now

A pint or two on me when we meet one day Roger (I am in NZ now for a few months). When I read the news the day it was announced I grinned from ear to ear.

[Ginger_steps_]

Couta - been a while since we had an insider update - anything news worthy going on at any of the villages you work at?

[couta1]

Couta - been a while since we had an insider update - anything news worthy going on at any of the villages you work at?

One interesting little snippet re the Boulcott site is that Sum have refused to change its plans for the site(At councils request) and consult more with the local residents who are opposed to its plan proposal. Julian Cook says it would open up a can of worms to change its plans at this point and there is plenty of time for the locals to enter further discussion once resource consent has been granted, let's see who gives in first.

[Ginger_steps_]

Cheers mate!

[Beagle]

One interesting little snippet re the Boulcott site is that Sum have refused to change its plans for the site(At councils request) and consult more with the local residents who are opposed to its plan proposal. Julian Cook says it would open up a can of worms to change its plans at this point and there is plenty of time for the locals to enter further discussion once resource consent has been granted, let's see who gives in first.

Yet another example of their arrogance...why am I not surprised...honestly these guys have very few clues on how to deal with shareholders and the public in a professional and respectful manner.
Even their NZX announcement regarding change to security trading policies where they stated

The changes have been made as part of a regular review of policies to ensure best practice

is a blatant lie. They only did this under duress because in conjunction with the NZSA I put a rocket up their arse and threatened to make a formal complaint to the FMA. They don't mention in their NZX announcement that they're so inept they had to consult with the NZX to get confirmation on what Blind Freddy already knew and what I and the NZSA was telling them, that quarterly sales metrics contained price sensitive information...seriously how totally bizarre that the board wouldn't know that already...what does this tell you about the competence of the board...sorry I must now go into the very naughty corner for getting on my soap box yet again

[Beagle]

A pint or two on me when we meet one day Roger (I am in NZ now for a few months). When I read the news the day it was announced I grinned from ear to ear.

A good accountant never turns down a free beer Actually its been quite a while since we had an Auckland ST meeting. Maybe late January / early February when everyone's is back from holiday, any interest folks ?