Wooooopsie - there are 220 million shares on market - they are now in the 1 Billion club and I recon there will be a few beverages in celebration tonight in a few board rooms and living rooms.
Last edited by Food4Thought; 20-04-2016 at 03:16 PM.
Agree 110% with Winner on this one. Still very cheap considering the sector and the growth rate for this stock. $10+ with 3-4 years for those happy to enjoy a longer cruise.
I always get somewhat worried when there is so much ebullience .....that's when it tends to s... it itself...
Sometimes you have to be excited when things are exciting as well. Have followed a few good ones and watched many bad ones. This one for me, is very good. I don't think it is over excitement at all. Over $8, then I may get a little nervous. It'll be right
Summerset are extremely well positioned with excellent pricing power on their new developments which will further boost development margins, maybe 22-24% margins are where we're headed !
Winner, mate I think we might have to have another look at our forecasts with a view to a further upgrade for 2016 and 2017.
One day the penny will drop that they can charge even more money for their units if they lock in weekly management fees for life. Just add 10 - 15%% to current expected weekly management fee to cover average inflation for the seven year average term and then add another 10 - 15% to the price of each unit up front and then focus your marketing on the fixed weekly fee for life, simple = massive further increase in development margins.
You should wander down to the annual meeting and suggest this revised pricing power model Winner...maybe give Norah a hearty farewell handshake after the meeting too eh, don't want any hard feelings remaining do we...she's probably responsible for originally encouraging their dog friendly policy...think how much good that's done for all our senior citizens
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Originally Posted by Ggcc
Bit of a rip snorter of a day for SUM
= massive further increase in development margins.
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