SUM - Summerset Group

[oldtech]

http://nzx-prod-s7fsd7f98s.s3-websit...459/277329.pdf

Best not to get caught up in one particular quarters numbers. This is a long term thing and the forward PE at 16 and their track record of growth suggests this is one of the best long term investments on the NZX.

Could I please ask where you get the forward PE from? On the NZX site I see a PE of 6.85 but I am guessing this is a historical PE?

[percy]

He's got his Percy portfolio nowdays.

You next.?....lol.


ps.Please don't do it.ST would be too boring without your exciting portfolio commentaries.!

[James108]

If the new sales are weighted towards end of year, what happened to the approx. 70 unit difference between 450 builds last year and the 380 sold?

These units sitting there unsold? Has supply outpaced demand as some people predicted would happen in Auckland specifically?

[trader_jackson]

http://nzx-prod-s7fsd7f98s.s3-websit...459/277329.pdf

Best not to get caught up in one particular quarters numbers. This is a long term thing and the forward PE at 16 and their track record of growth suggests this is one of the best long term investments on the NZX.

Hasn't it been quite a few quarters now that have been arguably been a bit sub par?
I see they also reaffirmed no growth in build rate from last year as well.
No worries - onward and upward.... doesn't seem to impact profit growth yet...

[winner69]

Something not quite right with the recent numbers

Lot of divergence between what Julian says (I won't say hype) and reality

New sales numbers have been in decline for 4 quarters now and back to the level they were in the June 16 quarter

Beginning to think that without booming property prices (that have driven the recent 40% plus earnings growth) earnings growth might be a less subdued than we hope

At least still selling 650/700 units a year so will make heaps ...but not heaps more than last year I fear

Just how I see it from looking at the cold hard facts

How sales have been trending ...hmm

[winner69]

Hope the share price doesn't follow the new sales line

[couta1]

Hope the share price doesn't follow the new sales line

Reversion to the mean mate.

[couta1]

You next.?....lol.


ps.Please don't do it.ST would be too boring without your exciting portfolio commentaries.!

Heaven forbid Percy, we couldn't have that.PS-95% of my portfolio is in 3 shares.

[winner69]

Reversion to the mean mate.

Ha ha but could be true

The whole market has moved from a trend-following regime to a mean-reverting regime so SUM might follow suit

[percy]

Heaven forbid Percy, we couldn't have that.PS-95% of my portfolio is in 3 shares.

Great seeing great investment advice being put into practice,as advised by;
Get-Rich tips from The Gnomes of Zurich,
and the book by Mohnish Pabrai "The Dhando Investor.".