SUM - Summerset Group

[Food4Thought]

Just let compound earnings growth grow your investment over time.
All that's required is a sleepy approach and the occasional tail wag https://www.youtube.com/watch?v=BtBEmtj4FaM
Yes I am content but it hasn't done much overall this year so just holding and trying to exercise heaps of patience over the years ahead with this one.

Wish I kept my 20k-RYM back in 2010... Have learnt the hard way. Sold at a small loss (Yes, yes I am upset too). Would be singing a different song right now without that lesson.... Or maybe I wouldn't.... very happy holder of SUM.... SUMtime it has to return a similar return... yet that's a weeee way off. Very good modest return on this investment. RYM was one timely lesson of learning. I have had a very solid long term perspective and my basic graphing worked out better than forecast. This one is one I back 110%.... Yet not at 110% return... yet. I have almost always sold out too early. Experience is a wonderful thing. Chalked up some reasonable losses in the past. Trying to avoid those. Long term is where I will stick.

[minimoke]

Just let compound earnings growth grow your investment over time.
All that's required is a sleepy approach and the occasional tail wag

Sleepy works for me. RYM does its job for me while i doze and now I have SUM i'm ready for another 5 year nod off.

[winner69]

Meanwhile Ryman hits $10.63 and is up 16% since a fortnight ago, that's very impressive for a boring, big cap, blue chip stock. PS-My ratio remains intact Mr Beagle.

Completely rational that ratio eh Couts

[couta1]

Completely rational that ratio eh Couts

Must be mate, the market can't be irrational for 4 years aye, perhaps it's been mesmorised by the power of the dark side (Reversion to the mean)

[winner69]

Must be mate, the market can't be irrational for 4 years aye, perhaps it's been mesmorised by the power of the dark side (Reversion to the mean)

Could be that the market ‘ranks’ certain stocks and no matter what the numbers say that ranking relativity will remain come what may. Like the market is saying Ryman is so much superior to Summerset (and others) it will be always valued much higher (in this case twice as much).

All things are not equal - even in the retirement sector. Not fair is it

A bit like Paritai Drive prices will always be higher than Ponsonby prices ...quite rational really.


Arvida is down Manukau way

[Lewylewylewy]

I'm pretty sure treating dogs is animal cruelty, you two ;-)

In any case, picking errors in valuations is how you make money on stocks. I'm sticking with SUM.

[Beagle]

SUM thing doesn't add up with this half price relationship to RYM but even if it sticks going ahead long term that's okay because I think RYM will do just fine long term too. (Heads you win). On the other hand if the market ever wakes up to the superior growth rate and valuation story of SUM you will win even more, (tails you win even more).
Any way you flip the coin, long term it looks hard to lose.

[Food4Thought]

When is the next announcement due? That's a pretty solid increase in this steady growth share for a day.
Had a look, looks like early January, first week or 2. I am imagining something good is brewing. That's a really good 60c gain for those recently buying in around the $4.70! (I didn't). Sure wish I had cash for that.

[Beagle]

2017 Q4 sales will be released to the market in the first 10 days of January 2018.

[BlackPeter]

Shall get really excited if & when the SP breaks out of its wedge ... (above 5.30) - let's see & wait whether we are in for another cycle or whether this is the time ...

Maybe one of the TA specialists could have a look ... but I think it did break out today of its wedge (and into the right direction - which would be a great sign for things to come!