SUM - Summerset Group

[winner69]

Back to SUM

Book Value (ie Shareholders Funds) as at June19 is 21% higher than June18 and 8% higher than Dec18

one of best measures of company value .......so those numbers pretty impressive.....and better than others in the sector.

[trader_jackson]

Unfortunately there are those who believe that they are never wrong?

... and there are those who believe when they are wrong (rather spectacularly in this case) they can never own up to it or even try to admit otherwise... I had to do it with PEB, its a tough thing to do but the right thing to do
One thing is for sure, such a person would make a great politician!

But yes, back to sum

[Ggcc]

Who cares who is right or who is wrong. Look at the share price, the big money neither liked or loathed it. Back to yesterdays price shortly.

[Beagle]

Easy enough to write that - yes, that was my view at that time and it has proven to be incorrect?

Unfortunately there are those who believe that they are never wrong?

My view changed later that year and was very clearly articulated and I posted same immediately after I sold. It is extremely disingenuous to go back and take a selective post from one point in time, (without posting their revised view), and then go on to rub their nose in it with no other purpose than taking a childish approach.

Heathy debate yes, but, such nonsense is not something I will be engaging with any more.

[couta1]

My view changed later that year and was very clearly articulated and I posted same immediately after I sold. It is extremely disingenuous to go back and take a selective post from one point in time, (without posting their revised view), and then go on to rub their nose in it with no other purpose than taking a childish approach.

Heathy debate yes, but, such nonsense is not something I will be engaging with any more.

Yes it seems Balance missed the whole message in my post.Lol

[Bjauck]

People can always change their minds on companies & it is great when they share the reasons on a forum. I would be concerned if opinions remained immutable despite developments.

It looks like the latest result indicates that SUM has been in a consolidation period. It is interesting to see that BV and underlying profit improved though. It remains a long term hold for me.

[macduffy]

... and there are those who believe when they are wrong (rather spectacularly in this case) they can never own up to it or even try to admit otherwise... I had to do it with PEB, its a tough thing to do but the right thing to do
One thing is for sure, such a person would make a great politician!

But yes, back to sum

Are you an optometrist or something, t j?

I can't read your small print asides so well - if there's anything important there I'd like an appointment, please.

[Lewylewylewy]

Anyone notice the way they phrased the sold stats: "Recorded sales". Did they used to list the sales, then say that there were a bunch under contract? If that's the case, I'm ok with this, but would rather see sold + contracted.

Also, "...although the mix has changed slightly, with growing serviced apartment sales reflecting the increased emphasis on this offering over time..." this for me is a vote to put money into oca instead. (If you were thinking to buy more retirement villages).

That said, i think it's a great result in the current property market.

Disc: hold a minute parcel of sum, and no other villages. Im holding off buying more until either mid recession bargains are too enticing, or the next property boom.

[couta1]

Who cares who is right or who is wrong. Look at the share price, the big money neither liked or loathed it. Back to yesterdays price shortly.

Only ones wife cares whose right or wrong and she's normally right.

[Baa_Baa]

Disc: hold a minute parcel of sum, and no other villages. Im holding off buying more until either mid recession bargains are too enticing, or the next property boom.

Holding off buying has already missed a 9%+ capital gain from the June low SP (only 5 weeks or so ago). While todays pissing contest has unfolded, the SP has shrugged off the initial 6.4c divi shed, then some, and currently up about 13c from open.