https://www.nzx.com/companies/SUM/announcements/302543
Congrats to the team at SUM. Makes compelling sense to diversify the funding source and lock in some of their funding costs for six years at close to a fifty year low in interest rates. Nearly $400m in headroom in their main funding facility now gives them ample headroom to pursue growth opportunities.
Back in 2017 this was
Expensive money now eh ...but compelling back then
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Market is forward looking, I think we're seeing the revaluations being priced in across the sector.
Yes we are. Looks like closing at $9.00 or slightly above. Congrats to holders, everyone in this sector is a Winner !
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
I am sure that they will present a very good sales result for the last quarter as Julian has already been in the media saying sales were much stronger than last year.
One other thing I am sure of is this is already fully built into the current price.
One final thing, I am sure that some of the MET funds will find their way into SUM so that will probably move the price north towards $10.
Whether the shares are really worth that is another matter...
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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