SUM - Summerset Group

[winner69]

Sounds like they do have a challenging task ahead ... ;

Discl: still holding SUM, but significantly reduced the holding while SP was between MA50 and MA100 ;

gargantuan is the word I'm told

Dorothy would be proud of Beagle's question

[winner69]

Summerset achieve 223 new unit sales in Q4 .....as the yanks say that’s 1,000 annualised

So 1,000 annualised would be zillions of underlying profit

Means share price about $12.00

[Beagle]

Just consulting my spreadsheet ...

Last years total sales numbers: 682, of them 382 new and 300 resale.
Q1 to Q3 2018 sale: 447, of them 227 new and 220 resale.

Q4 required to match last year: 235, of them 155 new and 80 resale.

Q4 required to match 450 new sales: 223 new to sell in Q4

Have they ever sold 155 or 223 new units in one quarter? No, highhest new unit sells in any one quarter have been 125 units in Q3-2016;

Highest resell number in any quarter have been 98 in Q4 2017 ... I.e. they might make up a bit with that, but unlikely a material amount.

Sounds like they do have a challenging task ahead ... ;

Discl: still holding SUM, but significantly reduced the holding while SP was between MA50 and MA100 ;

Thanks BP, may I nominate you for the understatement of the day ?

[winner69]

Thanks BP, may I nominate you for the understatement of the day ?

But Julian says new sales are aligned to new units delivered

He can’t be wrong

[Beagle]

Summerset achieve 223 new unit sales in Q4 .....as the yanks say that’s 1,000 annualised

So 1,000 annualised would be zillions of underlying profit

Means share price about $12.00

But Julian says new sales are aligned to new units delivered

He can’t be wrong

LOL We will see.

[BlackPeter]

But Julian says new sales are aligned to new units delivered

He can’t be wrong

I guess there are different ways to align two numbers: you can increase one of them or you can reduce the other ...

[LAC]

Hey guys,
If you would only have these two options, which would u prefer in say the medium term with the way property prices etc are going.
SUM to less 400 units at higher margins or SUM to sell 450 units at slightly lower margins?
I am just trying to see what other investors are more inclined towards.
Thanks

[winner69]

Hey guys,
If you would only have these two options, which would u prefer in say the medium term with the way property prices etc are going.
SUM to less 400 units at higher margins or SUM to sell 450 units at slightly lower margins?
I am just trying to see what other investors are more inclined towards.
Thanks

Jeez Dorothy is busy today with her questions

One other question LAC .....hold out for higher margins ....when is the ‘clearance sale’ due?

[LAC]

Jeez Dorothy is busy today with her questions

One other question LAC .....hold out for higher margins ....when is the ‘clearance sale’ due?

I hope there isnt one, but they might so do if all keep wanting them to 450 sales

[couta1]

I see the Govt is now under pressure to increase the funding in order for nurses to be retained in the sector, they are currently running off to work for the DHB for a substantial better hourly rate. Not for profits are under particular pressure of course.