SUM - Summerset Group

[MAC]

Summerset have recently stated that they don't intend to expand into Australia, a policy which I support due to specifics with that market. I wonder though if they have ever considered offering NZ's most award winning residential and care model to the US ?

http://www.cnbc.com/id/100935149

[CJ]

Borrowing from RYM play book again. Challis was CFO before making CEO, the MD

[gv1]

My heart leaped into my mouth when I read Norah Barlow was to retire. First thoughts were - "That's a sell signal".

Then I read who was replacing her - the CFO Julian Cook. He's the perfect choice. Cancel the sell order!

https://www.nzx.com/companies/SUM/announcements/239576 (CEO changeover statement)

Barlow will remain on the board as a director.

Financials look great: Underlying profit up 45%, NPAT of $10m

https://www.nzx.com/companies/SUM/announcements/239575 (financials)

Good results.

[MAC]

Absolutely agree, a very good result for SUM, I've also raised my valuations slightly.

I see SUM as havng much greater present value than RYM. It's probable that both stocks will continue to rise as the larger funds continue to buy the sector and the demographic rather than stock pick, but SUM so with lower risk for now.

[baller18]

Good buy at the current sp? Was thinking of buying when it was at 2.8 but didn't have spare funds

[percy]

looking over the numbers - jeebus this is a good result for SUM.

On track for 9.5c EPS for 2013, I had estimated 8.6cps. Growth looking superb at this point.

On my IV calculator, I put SUM at an intrinsic value of just under $3.60, and on FY2013 earnings just over $4.20

What a note for Norah Barlow to retire on!

A very good result.We find ourselves very "well positioned!"

[Toasty]

http://www.stuff.co.nz/taranaki-dail...llage-in-wings

I am sure that the more researched among us already know about this, but I found it reassuring to see proof of the companies ongoing expansion plans.

[macduffy]

FWIF, Macquaries have a DCF valuation of $3.99 on SUM, with a 12 month target of $3.90.

[Hoop]

I'm not as excited as the brokers sorry..
Fundamentals may be fine but the techinicals are looking bearish with the excellent news...indicating this result was already factored in the price.....

Phaedrus's favourate indicator is the OBV Smart money exiting are very strong signals that a top is closeby.
If the $3.13 small resistance is breached ...be cautious of a possible bearish double top pattern forming if the price fails at $3.20 / $3.25 area

[CJ]

Phaedrus's favourate indicator is the OBV Smart money exiting are very strong signals that a top is closeby.

I wonder if OBV is the best indicator. When this was listed, it was always expected the Quadrant would sell down over time. I would suggest then that the QEP sell down should be eliminated from the OBV and other values.