SUM - Summerset Group

[dobby41]

As long as my decisions are (mostly) rational Dobby, the market can do whatever it likes!.

The dips are there for you to take advantage of if you think they aren't rational.

[winner69]

The dips are there for you to take advantage of if you think they aren't rational.

so true ....but sentiment reigns supreme and often it doesn't change for the better

[Beagle]

so true ....but sentiment reigns supreme and often it doesn't change for the better

Yes...No...maybe...no hellfire and brimstone changes to immigration like some were predicting https://www.msn.com/en-nz/news/natio...cid=spartandhp

[bull....]

I dislike DMA and much prefer EMA, like the linear price axis they are a remnant of the days before modern calculating machines and there is no excuse for using them now that we are in the Century of the Anchovy.

But the 200 DMA has now been crossed & recrossed 23 times (I counted them) in the last year, which is because the SP is going up and down like a gooseberry in a lift (1:55 onwards) setting lower highs and higher lows in the process, a condition known by the chartists, apparently, as a wedgie.

As, so far, we do not have a break from tradition with either a lower low or crossing the underside boundary of the wedgie thing then all I fail to see the significance of the crossing of one particular inappropriately chosen squiggly line.

Best Wishes
Paper Tiger

its in a symetrical wedge will decide direction when it gets near the apex , 5.25 looks like top of it to me and 4.80 bottom so could bounce around more before you know the breakout direction.

[winner69]

Maybe punters are thinking that if property valuations fell by say 10% that’s $160m hit to Summerset $1,6 billion property portfolio.

Would upset a few valuation ratios


key though is whether the margins on new builds (will be positive) offset any reduction in margins in resale’s if prices do collapse

A $160m hit on property valuations would wipe out a fair chunk of shareholders equity .....seeing SUM highly leveraged eh t_j

[winner69]

its in a symetrical wedge will decide direction when it gets near the apex , 5.25 looks like top of it to me and 4.80 bottom so could bounce around more before you know the breakout direction.

The 5 year upward trending channel would suggest a upward break out .....hope here

Interestingly 470 / 480 is also a critical point from a channel perspective. A weekly close below that is pretty oninious.

[bull....]

The 5 year upward trending channel would suggest a upward break out .....hope here

Interestingly 470 / 480 is also a critical point from a channel perspective. A weekly close below that is pretty oninious.

yea that upward channel is still intact

[Beagle]

A $160m hit on property valuations would wipe out a fair chunk of shareholders equity .....seeing SUM highly leveraged eh t_j

SUM have $430m in embedded value in their units as at 30/6/2017 which is up significantly on 31/12/2016. The Auckland market according to REINZ official median price data has still been increasing this winter despite record rainfall, much tighter lending policies applied by the banks and political uncertainty.
Now that political uncertai9nty is out of the way and there's no major sea change to immigration AKA what Winston Peter's wanted, its business as usual and I expect on a national basis, (remember SUM only has 6 retirement villages in Auckland) to see that Embedded value continuing to increase.

[RRR]

NZ superannuation fund now a 5% shareholder, average buy price 5.08.

[winner69]

NZ superannuation fund now a 5% shareholder, average buy price 5.08.

That average buy price is only for the last 1 million shares .....they probably have a much lower price for all them

The Queen loves bargains eh