SUM - Summerset Group

**Beagle** · 07-04-2015, 12:54 PM

Originally Posted by percy

My pleasure.!!!!!
Even funnier is how profitable SUM has been for me.!!!!
Luckily enough to sell down when it ran too high last year,and brought back in at $2.92 on 12th January this year.!!!!

You been reading KW's posts on TA techniques haven't you mate

**winner69** · 07-04-2015, 01:06 PM

Originally Posted by couta1

Winner you can't use rolling quarters to predict yearly sales in this industry mate.

New Guy said looking at the 4 quarter rolling total was the ONLY way to go. It took the lumpyness out of the data. I agree with him.

If SUM is growing than the 4 quarter rolling total will steadily increase. Isn't SUM a growth company?

After today's number he 4 quarter rolling total is 491 so any future quarter less than that is going backwards.

**percy** · 07-04-2015, 01:16 PM

Originally Posted by Roger

You been reading KW's posts on TA techniques haven't you mate

Yes,.................. and it really works...............!!!!

**Beagle** · 07-04-2015, 01:34 PM

Originally Posted by percy

Yes,.................. and it really works...............!!!!

First and foremost FA then TA, then filter using principle's, ethics, a highly sensitive B.S. meter and stocks I think have poor management. That's my approach and I'm sticking with it

Disc - Own MET and very happy with that selection.

**winner69** · 07-04-2015, 03:44 PM

WOW and more WOW

Share still going up ........and spilling over to MET and RYM

Maybe punters thinking that if SUM can have a record quarter then The others must be doing well as well, even better if SUM are so bad.

**Beagle** · 07-04-2015, 03:56 PM

Sentiment in the sector is no doubt boosted by this news today
http://www.sharechat.co.nz/article/6...s-in-marchhtml

Little pop quiz for ya. Which company in this sector has by far the greatest proportion of its assets in the super hot Auckland market and thereby stands to gain the most from the ongoing torrent of new immigrants forcing Auckland's prices relentlessly higher ?

**winner69** · 08-04-2015, 12:07 PM

Still looking positive for SUM share price

As the market realises that 600 (ok maybe 550 then) sales is on the card for this year I reckon we will soon see. an all time high again ....maybe by end of month

C'mon 4 bucks, c'mon ......WOW

**Bjauck** · 08-04-2015, 03:24 PM

Originally Posted by Roger

Sentiment in the sector is no doubt boosted by this news today
http://www.sharechat.co.nz/article/6...s-in-marchhtml

Little pop quiz for ya. Which company in this sector has by far the greatest proportion of its assets in the super hot Auckland market and thereby stands to gain the most from the ongoing torrent of new immigrants forcing Auckland's prices relentlessly higher ?

When/if a needle pops the bubble many have said has eventuated, which company will be hardest hit? Medium term Auckland has the demographic tail wind. A reason why I invested into MET, which, at that time I bought in,was out of favour for a number of reasons. Anglo-celts tended to settle all over NZ. When the recent immigrant groups become more established they may also spread out through NZ. Once other centres have diverse ethnic communities well-established then subsequent immigration may become more diffuse NZ-wide. Also if Auckland land development becomes easier and cheaper...that may affect moderate future price rises.

After previous Auckland property price surges, the rest of NZ has played catch up. I cannot quote comparative figures, maybe others can. I think over many decades Auckland has averaged an extra 1% pa over and above average NZ house price growth. That's off the top of my head - DYOR! Once recent immigrants become established, they may well decide their money can go further if they moved from Auckland to other localities.