SUM - Summerset Group

[stoploss]

That's strange ....talking to couts he mentioned maybe RYM a bit underpriced -- will catch up and we'll see RYM over $15 soon

Mt Eliza project turned down by the council .... so could be a long process building in Australia , so they might stay underpriced a bit longer ....

[Zaphod]

Mt Eliza project turned down by the council .... so could be a long process building in Australia , so they might stay underpriced a bit longer ....

Residents appear to believe this should remain as what is effectively a privately owned park. Good luck with that. The decision will be appealed. Same old story the world over.

[Beagle]

That's strange ....talking to couts he mentioned maybe RYM a bit underpriced -- will catch up and we'll see RYM over $15 soon

NAH. RYM losing their Midas touch https://www.nzherald.co.nz/business/...ectid=12349802...catching the SUM virus of not getting planning consent. Isn't there another company on the NZX that has 86% of all its future development plans already consented ?

[macduffy]

Mt Eliza was always going to be a difficult "sell"; historical significance; high value etc. A bit like wanting to build a retirement village in Toorak or Double Bay. RYM have several other projects in less glamorous parts of Melbourne; some will progress, others probably not.

Disc: Hold RYM - and a few others.

[Beagle]

Man this pup is flying at 777 today. If they can do $90m underlying this year that's 39.5 cps and she's on a forward PE of 19.7.

Crikey Winner...that's pretty rich for a company with negative eps growth, what do you make of that ?

Even if OCA do $43m (mid point of my forecast) that's 7 cps. 7 x 19.7 = $1.38. Hmmm

[winner69]

Man this pup is flying at 777 today. If they can do $90m underlying this year that's 39.5 cps and she's on a forward PE of 19.7.

Crikey Winner...that's pretty rich for a company with negative eps growth, what do you make of that ?

Even if OCA do $43m (mid point of my forecast) that's 7 cps. 7 x 19.7 = $1.38. Hmmm

Good eh -- even if its just a sign that the sector is seen more favourably again

Maybe a sum reward for making much better use of the funds they have to play with (ROIC)

And on your numbers OCA going backwards faster than SUM

[peat]

shows there was never a need to sell anything due to Covid huh ?


would ve been a hairy six months tho!

[Beagle]

Good eh -- even if its just a sign that the sector is seen more favourably again

Maybe a sum reward for making much better use of the funds they have to play with (ROIC)

And on your numbers OCA going backwards faster than SUM

More care = more covid cost effect.

[Panda-NZ-]

More interested in this sector now and wonder which has the most value. OCA is my pick for now from MET.

[winner69]

More care = more covid cost effect.

..if ongoing lower relative multiples