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18-04-2020, 01:20 PM
#8961
SUM have really, really disappointed me in 2020. Enough said.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-04-2020, 08:25 AM
#8962
 Originally Posted by Beagle
SUM have really, really disappointed me in 2020. Enough said.
Go easy on yourself and Summerset, Beagle.
The whole sector shot up on the back of the Metlife takeover - suddenly they all looked cheap, they were also all takeover targets, and best of all, money was freed up from Metlife and recycled into the likes of Summerset.
Now the whole sector has been sold down so it's a question of relative value.
And we know where the relative value is - Metlife!
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20-04-2020, 02:39 PM
#8963
Thanks Balance.
Optics on this are pretty bad. Official company line is we can't tell you what the effect is on the business.
Julian Cook sells 250,000 shares and then the next trading day tells the Herald that there is a material impact on the business and that's why they took the wage subsidy.
Only admits to the Herald after he has sold what cost saving measures the company has taken.
https://www.nzherald.co.nz/business/...ectid=12326016
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-04-2020, 03:36 PM
#8964
I had a nasty case of deja vu Summerset after reading this!
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20-04-2020, 03:40 PM
#8965
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-04-2020, 03:54 PM
#8966
Originally Posted by macduffy
I had a nasty case of deja vu Summerset after reading this!
...at least a grumpy shareholders won’t find it necessary to get the Chairman to amend the company’s share trading policy.
Had a thought though. ...maybe Julian going to top up staff wages after subsidy runs out.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-04-2020, 04:22 PM
#8967
Originally Posted by Beagle
Thanks Balance.
Optics on this are pretty bad. Official company line is we can't tell you what the effect is on the business.
Julian Cook sells 250,000 shares and then the next trading day tells the Herald that there is a material impact on the business and that's why they took the wage subsidy.
Only admits to the Herald after he has sold what cost saving measures the company has taken.
https://www.nzherald.co.nz/business/...ectid=12326016
WTH - that is disgraceful conduct!
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20-04-2020, 04:31 PM
#8968
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-04-2020, 05:14 PM
#8969
Originally Posted by Beagle
SUM have really, really disappointed me in 2020. Enough said.
Originally Posted by winner69
you always admired how hard nosed julian was - apprently true 
Originally Posted by Balance
WTH - that is disgraceful conduct!
See above !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-04-2020, 05:21 PM
#8970
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