SUM - Summerset Group

[winner69]

Forsyth speak highly of SUM... target price gone back up (from $6.60 to $7.10)
Blue sky ahead they say...
but EPS growth expected to be negative for FY19... that won't help the much touted 9 year CAGR

Seems a pretty reasonable target

[trader_jackson]

Seems a pretty reasonable target

Its no "$9-$9.50" or 30% EPS growth, but its a fair chunk better than yesterdays close yes.

[winner69]

Its no "$9-$9.50" or 30% EPS growth, but its a fair chunk better than yesterdays close yes.

Yes indeed, severL broker analysts had high expectations of SUM a year ago - highest target appears to have been $8.55 .....and now only $7.53

Amazing how people’s views change as the share price changes - suppose that’s human nature for you.

Off topic ....I’ve having concerns whether ARV can grow EPS with all those new shares being issued.

[Beagle]

I think they can go close to $110m underlying this year which on 225.9m shares is 48.7 cps. At $5.86 that's a forward PE of 12.

[trader_jackson]

Yes indeed, severL broker analysts had high expectations of SUM a year ago - highest target appears to have been $8.55 .....and now only $7.53

Amazing how people’s views change as the share price changes - suppose that’s human nature for you.

Off topic ....I’ve having concerns whether ARV can grow EPS with all those new shares being issued.

Forsyth were saying EPS growth was gonna be nearly 14% for ARV in FY20 (wow - that is probably the fastest growing in the entire listed sector!... if it happens), but maybe with all those extra shares issued it will only be say 8%... that's alot more growth (oh and dividend) than sum others still I suppose... you know I like to go off topic, and that is ok when my opinion matches up with other peoples opinions, but not ok when it doesn't (or when one's opinion dramatically changes and they take zero responsibility for previous statements, or acknowledge what others hand been saying)... funny that... so lets get back to um... sum! Forsyth mentioned the result was actually a bit better than they were expecting... they say EPS going to be 43.5 cps in FY19 but great growth in FY20 (of 51.7 cps)

[couta1]

It's current fair value is around $6.75 and you all know how I worked that out.

[Beagle]

It's current fair value is around $6.75 and you all know how I worked that out.

I can't help thinking of how much time and effort all the analysts could have saved themselves

[winner69]

Forsyth were saying EPS growth was gonna be nearly 14% for ARV in FY20 (wow - that is probably the fastest growing in the entire listed sector!... if it happens), but maybe with all those extra shares issued it will only be say 8%... that's alot more growth (oh and dividend) than sum others still I suppose... you know I like to go off topic, and that is ok when my opinion matches up with other peoples opinions, but not ok when it doesn't (or when one's opinion dramatically changes and they take zero responsibility for previous statements, or acknowledge what others hand been saying)... funny that... so lets get back to um... sum! Forsyth mentioned the result was actually a bit better than they were expecting... they say EPS going to be 43.5 cps in FY19 but great growth in FY20 (of 51.7 cps)

I think Forbar have a ‘biased’ / ‘prejudiced’ view of ARV and SUM ....talk the same lingo as you ...you are not Jeremy by any chance? ...or even worse Jeremy’s mate Nick (Nicholas)

Whatever everybody’s entitled to their own views but shouldn’t rubbish others

For what’s it worth I reckon SUM Underlying Earnings will grow by 14% this year and ARV by 6%

Pretty reasonable in these times of lowered expectations

I’m still holding both - hope to see SUM at $6.50 and ARV at $1.55 in a years time,

[bull....]

the only reason retirement stocks got a bounce was because of the RNBZ rate cut , as people are betting lower rates will re - inite the property market. time will tell if this occurs and justifies the bounce.

[winner69]

We could see SUM share price over 6 bucks today

Probably means very little for those long term holders but always nice to see other punters are keen on it as well

Jeez - at $6 that’s 12% up from recent low ...not too bad for traders either