SUM - Summerset Group

[Beagle]

Is Aged Care weekly NZ related to Aged Care Weekly housing Australia - the same publisher of the aforementioned awards that summerset had trumpeted?
The awards this year were made by October and awarded on Nov 7 but I could not find a winner for the retirement village section just one for an Australian CEO- they did comment that if no suitable nominees were received they would not award.


http://seniors-housing.net/core/awards-2014/

Yes same organisation.

[winner69]

I wonder if any of the TA'ers could please chime in on SUM for me. I'm sure it has probably wiggled sideways through W69's downtrend channels by now, and it seems well supported at anything below $2.70. Despite all the noise I am still pretty comfortable with SUM. I'd like some more, but I've already topped up once on the way down at $2.92 - and so far that hasn't worked out so well .

FA'ers thoughts also very welcome.

Trouble is that the squiggly line has 'wiggled' sideways for the last 44 days between 261 and 277 but with a downward bias meaning it has not quite wiggled through the channel lines yet. Today it would have had to be at 278 to do so

So for me I still patiently wait

[Vaygor1]

Kinda blows vaygor's theory away, doesn't it?

Nothing of the sort NG.
I have yet to see any evidence this award is bond fide. On the contrary, I have seen plenty so suggest it is not.
Who's the winner this year again?

[Beagle]

Mate, it was an off the cuff remark, and certainly not something I have the time/energy/motivation to debate. Was merely stating that its interesting that the same organisation that you believe hands out dodgy awards to summerset would post such a comment.

Having become well aware of the insider trading scandal they can't be seen to be giving an award to SUM this year no matter how much "encouragement" might have been forthcoming from Norah, her friends or SUM itself.

[BlackPeter]

New Zealand Super Fund topped up - they brought their holding from 8.2% up to 9.3% (i.e. bought another roughly 2.5 Million shares). They are typically quite good in recognising value ...

[Harvey Specter]

New Zealand Super Fund topped up - they brought their holding from 8.2% up to 9.3% (i.e. bought another roughly 2.5 Million shares). They are typically quite good in recognising value ...

Well they seem to have put a floor on the shareprice. Will sentiment change before they stop buying?

[couta1]

Well they seem to have put a floor on the shareprice. Will sentiment change before they stop buying?

Next sales metrics around Jan 8th could start a turn.

[couta1]

I reckon the next set of metrics is already quite accurately priced in.

We will agree to disagree on that one

[percy]

I reckon the next set of metrics is already quite accurately priced in.

I am not sure where the sp is going, but have noted the low was on 16/10/2014 at $2.61,then on 11th Nov the next low was $2.64 and on the 9th December it was $2.67.So it could be forming a base.The 50 day EMA is $2.74 so maybe ???
I am watching with interest.!

[couta1]

Really? Let me have a stab, then.

Mediocre resales but record sales i.e. same as last quarter.

There, I said it.

Last quarter 99 in total, I say 90 new sales and 32 resales equals 122 ish in total, there I said it.