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16-07-2017, 03:15 PM
#5331
Hmm... I'm sure it was mentioned on here that Summerset "set their own prices" for their units? and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)
No worries
Back to $5 next week (3rd time I've said this in a few weeks or something... 3rd time lucky for sure)
Last edited by trader_jackson; 16-07-2017 at 03:17 PM.
Reason: Still not sure if we can count OCA and ARV as true operators yet...
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16-07-2017, 10:37 PM
#5332
These shares won't return to their normal price until there is both an announcement from sum and some evidence (a reasonable time into the future, but just less than a year) that property prices aren't stalling as much as the media is suggesting, or that they've started going up again.
I'm picking that these will be $5.25 - $6 by this time next year, depending on the property news. If I had to guess, I'd say $5.38 this time next year. 😃
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17-07-2017, 08:10 AM
#5333
Originally Posted by Lewylewylewy
These shares won't return to their normal price until there is both an announcement from sum and some evidence (a reasonable time into the future, but just less than a year) that property prices aren't stalling as much as the media is suggesting, or that they've started going up again.
I'm picking that these will be $5.25 - $6 by this time next year, depending on the property news. If I had to guess, I'd say $5.38 this time next year. 😃
Not necessarily. Prices ARE stalling but it doesn't mean SUM won't do well. Once the public connects those things together the SP will start moving back on up.
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17-07-2017, 10:11 AM
#5334
SUM will continue to make decent profits through thick and thin. Talk of a property crash and its impact on SUM is just that
The issue is what multiples are punters prepared to pay for SUM's profits ....not SUM's actual performance. Sentiment could still see SUM share price fall further or stagnate.
I'll leave it to others to comment on whether the current 'level of sentiment' is warranted or not.
Whatever SUM will still continue to build heaps of units and make heaps of money.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-07-2017, 10:15 AM
#5335
Good to see our friend Mr Ogden take an interest in the SUM bonds
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-07-2017, 10:24 AM
#5336
Originally Posted by JeremyALD
Not necessarily. Prices ARE stalling but it doesn't mean SUM won't do well. Once the public connects those things together the SP will start moving back on up.
Originally Posted by winner69
SUM will continue to make decent profits through thick and thin. Talk of a property crash and its impact on SUM is just that
The issue is what multiples are punters prepared to pay for SUM's profits ....not SUM's actual performance. Sentiment could still see SUM share price fall further or stagnate.
I'll leave it to others to comment on whether the current 'level of sentiment' is warranted or not.
Whatever SUM will still continue to build heaps of units and make heaps of money.
+1, agree 100%.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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17-07-2017, 10:28 AM
#5337
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17-07-2017, 10:44 AM
#5338
Originally Posted by trader_jackson
Hmm... I'm sure it was mentioned on here that Summerset "set their own prices" for their units? and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)
No worries
Back to $5 next week (3rd time I've said this in a few weeks or something... 3rd time lucky for sure)
"...... and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)......"
???????
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17-07-2017, 10:49 AM
#5339
Originally Posted by Hoop
"...... and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)......"
???????
If I remember correctly, (forgive me its been nearly a decade) RYM got down to an underlying PE of 12 in the midst of the greatest financial crisis the world has seen since the great depression of 1929-1935 and most interestingly continued to post increased underlying earnings through the GFC. SUM is currently at 14 with no real evidence of a GFC MK2 ! Risks more than fully priced in ?
Winner, Anne Urlwin and James Ogden pretty conservative eh...should be loading up on shares not bonds at the current price !
Last edited by Beagle; 17-07-2017 at 10:52 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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17-07-2017, 12:12 PM
#5340
Originally Posted by Beagle
If I remember correctly, (forgive me its been nearly a decade) RYM got down to an underlying PE of 12 in the midst of the greatest financial crisis the world has seen since the great depression of 1929-1935 and most interestingly continued to post increased underlying earnings through the GFC. SUM is currently at 14 with no real evidence of a GFC MK2 ! Risks more than fully priced in ?
Winner, Anne Urlwin and James Ogden pretty conservative eh...should be loading up on shares not bonds at the current price !
We didn't really suffer with GFC 1 and I would not discount GFC 2 and we will not miss out next time me suspects!
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