SUM - Summerset Group

[CJ]

Not sure if the big boys will be that effected. I am sure most of the dodgy places are the small independents that dont have economies of scale.

[Zaphod]

Finally....

SUM
18/10/2013 09:44
GENERAL

REL: 0944 HRS Summerset Group Holdings Limited

GENERAL: SUM: Trading Halt

NZX, ASX AND MEDIA RELEASE

18 OCTOBER 2013

TRADING HALT

Summerset Group Holdings Limited has been advised that its major shareholder,
QPE Funds Management ("QPE") is in the process of selling its shareholding.
QPE has requested that Summerset seek a trading halt on the NZX and ASX to
enable the transaction to occur. Summerset has sought and obtained this from
the NZX, and has requested a trading halt on ASX.

Further details will be provided in due course.

ENDS

[MAC]

Finally....

SUM
18/10/2013 09:44
GENERAL

REL: 0944 HRS Summerset Group Holdings Limited

GENERAL: SUM: Trading Halt

NZX, ASX AND MEDIA RELEASE

18 OCTOBER 2013

TRADING HALT

Summerset Group Holdings Limited has been advised that its major shareholder,
QPE Funds Management ("QPE") is in the process of selling its shareholding.
QPE has requested that Summerset seek a trading halt on the NZX and ASX to
enable the transaction to occur. Summerset has sought and obtained this from
the NZX, and has requested a trading halt on ASX.

Further details will be provided in due course.

ENDS

I see this as a timely positive, will remove the overhang, possibly allow for a top up opportunity, and probably allow more liquidity on the SNZ market.

Interesting that Quadrant "is in the process of selling its shareholding", not intends to sell or place it's shareholding ?

[CJ]

There wasn't much of a discount last time. I do hope it drops big so I can buy in but am a bit short on funds at the moment having applied for MEL and my biggest holding DIL not doing to well.

[Joshuatree]

Craigs offered me some @ a 5 cent discount. Thanks but no thanks.

[JayRiggs]

Craigs offered me some @ a 5 cent discount. Thanks but no thanks.

Is that a 5c discount from the last closing price of $3.14? That isn't much at all!

[CJ]

Craigs offered me some @ a 5 cent discount. Thanks but no thanks.

So $3.10. Its been trading under that for most of the last fortnight.

Having said that, with the overhand removed, we may not see sub $3.10 again.

[gv1]

Craigs offered me some @ a 5 cent discount. Thanks but no thanks.

That's good buy.

[Joshuatree]

Really! Nah ,id rather wait till FKP unload their big holdings in Metlife, could be more in that. Brokers also charge commision re 3c in this case.

[Joshuatree]

Tumeric unless you have an account with a full services broker methinks youd seldom if ever get offered an op like this. Craigs are great! Of course you could have two accounts one with a low service low commission dealer ASB, Direct etc for trading and an account with craigs for investing ie no tax.