SUM - Summerset Group

[bull....]

finished on the lows yesterday , normally bearish see how the day progresses

[couta1]

finished on the lows yesterday , normally bearish see how the day progresses

I reckon the bottom is basically in.

[Blue Skies]

I reckon the bottom is basically in.

Yes I agree, SP taken complete hammering & at close yesterday, SP dropped almost 30% from $7.90 end of August, or almost 20% from $6.90 in last 3 weeks.
Correlating those % drops with a a plateauing NZ property market seems more than a little overdone to me.

[minimoke]

I remind my self from time to time there is nothing to be gained from looking at daily share price movements in a long term investment. Retirement stocks are currently the territory of the traders and brokers looking to make a quick bob or two. (Brokers will be saying SUM oversold and time to buy back in at these prices),

[percy]

I remind my self from time to time there is nothing to be gained from looking at daily share price movements in a long term investment. Retirement stocks are currently the territory of the traders and brokers looking to make a quick bob or two. (Brokers will be saying SUM oversold and time to buy back in at these prices),

You may fool yourself,but you do not fool me.!..lol.

[minimoke]

You may fool yourself,but you do not fool me.!..lol.

Its part of my addictive personality!

[couta1]

Looks like a few more residual Lemmings keen to take the cliff jump.Lol

[bull....]

Looks like a few more residual Lemmings keen to take the cliff jump.Lol

im watching supports 5.40 - 50

[peat]

Wouldn’t it be good if more and more people did enjoy much longer and happier life’s....that’s what I was saying

SUM investors might not think that is good but there’s more to life than money

After all our government well being is important ..new measures
https://www.stats.govt.nz/assets/Upl...9-release.xlsx

Sure thats all feel good stuff and in a spreadsheet makes it look important

What I would like to do here is begin to understand how much a sustained increase in longevity would affect profits.
One resale makes about 30% of the value of the unit as a ticket clipped doesn't it?
I'm assuming that's a lot of revenue lost if people started living heaps longer , like say if medicine just keeps getting better and better.

[BlackPeter]

Sure thats all feel good stuff and in a spreadsheet makes it look important

What I would like to do here is begin to understand how much a sustained increase in longevity would affect profits.
One resale makes about 30% of the value of the unit as a ticket clipped doesn't it?
I'm assuming that's a lot of revenue lost if people started living heaps longer , like say if medicine just keeps getting better and better.

I don't think that people living longer would be a problem for the current business model. It only would be if people stay for a longer time in the retirement home - i.e. if they move in at the same age as previously but stay longer for the same price. This is however not the case.

People are living longer these days in their own homes (average entry age moved up significantly over the last 15 years) before they move into a retirement village (remember the last anti retirement village fad ...). Average life expectancy did not move up by that much than entry age. Profitability should (all other things being equal) increase ...