SUM - Summerset Group

[Ggcc]

Nearly all us were out in out in a forecasts

But no worries as Julian says ”Annual growth in underlying profit has averaged 38% since the company listed on the NZX in November 2011.”

Good of him to remind us

I can see it head back down to below $8 after these results, adding that the dow dropping so hard as well.

[winner69]

I think Julian has mislead Beagle about build rates and other things.

Might be angry Beagle at ASM ...no Julian will be safe as most punters not flying or going to crowded meetings in April.

[trader_jackson]

Worst bit of announcement is this:

Looking ahead, Mr Cook said the business was [/B]not expecting underlying profit growth in 2020, [/B]largely due to the investment in care wages and development margins returning to the medium- term guidance of 20% to 25%.

That’s not so good is it Beagle ....Summerset not a growth company

It is what I've been saying all along - they need care, they can't just ignore it and pump out units otherwise they'll find demand (as people get older and desire increased continuum of care) will drop... finally they've bitten the bullet (rather than nibbling at it over the last few years like other operators (RYM, ARV, OCA).

[winner69]

I can see it head back down to below $8 after these results, adding that the dow dropping so hard as well.

Back into the 7’s I reckon.

[winner69]

book Value up 16%

Company worth heaps more than a year ago

That’s good.

[Ggcc]

Look at the photos on Page 52 and 53 of the AR ...Senior Management Team

They all have a funny disease and look like dorks ...or my laptop playing up.

Your computer is fine haha

[trader_jackson]

hey winner, there is one good thing about SUM's FY19 results today... it makes ARV look really good!

[Leftfield]

hey winner, there is one good thing about SUM's FY19 results today... it makes ARV look really good!

trader you have called it right..... well done you!

[winner69]

hey winner, there is one good thing about SUM's FY19 results today... it makes ARV look really good!

Agree ....SUM is an also ran as they say at the races.

The much admired hard nosed Julian has disappointed us.

[Valiant]

So OCA aren't the only one getting hit in the pocket by increased care wages...

Disc: hold OCA and SUM