SUM - Summerset Group

[winner69]

SUM share price doing well today ....could get to $8.50 by Christmas ...this year that is.

[Beagle]

SUM share price doing well today ....could get to $8.50 by Christmas ...this year that is.

LOL as if there was any doubt which Christmas. At this rate we might get to $10 very early in 2020 as the MET takeover deal is completed and a billion and a half dollars gets mostly reinvested back into this sector. $10 by reporting day in late February 2020 would be nice

[winner69]

Not far to 4th quarter sales report

I reckon strong sales have been recorded this quarter .....and margins will have been so good they’ll have to give profit guidance ....like underlying earnings $117m-$120m

All those abnormal / extraordinary revaluations of 2016/2017 to be realised this and next year

[Beagle]

Not far to 4th quarter sales report

I reckon strong sales have been recorded this quarter .....and margins will have been so good they’ll have to give profit guidance ....like underlying earnings $117m-$120m

All those abnormal / extraordinary revaluations of 2016/2017 to be realised this and next year

Dead right mate, I agree 100%. My early guess is for underlying profit of $150m for FY20 giving about 65 cents per share. Put a market median PE of 19 on that and we're off to the races at over $12, maybe even more as institutional money from the MET takeover pours into SUM. You might even feel compelled to attend the annual meeting in April 2020 this time and hear about the excellent growth prospects

[winner69]

Dead right mate, I agree 100%. My early guess is for underlying profit of $150m for FY20 giving about 65 cents per share. Put a market median PE of 19 on that and we're off to the races at over $12, maybe even more as institutional money from the MET takeover pours into SUM. You might even feel compelled to attend the annual meeting in April 2020 this time and hear about the excellent growth prospects

Summerset ASM are boring as anything ....mainly for punters to give themselves the warm fuzzies.

[couta1]

Summerset ASM are boring as anything ....mainly for punters to give themselves the warm fuzzies.

Mainly just to catch up with ST mates and drink at the local plus do a bit of trading during the meeting.

[winner69]

Mainly just to catch up with ST mates and drink at the local plus do a bit of trading during the meeting.

Yep, just a social Get together - not to hear about ‘amazing growth prospects’

[Beagle]

Summerset ASM are boring as anything ....mainly for punters to give themselves the warm fuzzies.

I always enjoy having a chat with Julian afterwards and asking as many questions as come to mind.
Its also a real pleasure catching up with friends.

[King1212]

How are u going to top up if u had no more money left?

[Beagle]

Not sure if you're asking me that question but for what its worth I almost always have at least a 10% portfolio allocation to cash so I can take advantage of special opportunities as they arise. Once its expended I replace it by reducing something that is already, or very close to already being fully valued by the market.

I guess for those that don't have enough exposure to the retirement sector and are already fully invested maybe they should reduce one or more of their other lower conviction or more fully valued positions and recycle that capital.