SUM - Summerset Group

[couta1]

Anytime depending on what sort of announcement your waiting for?

What I was aluding to hear was apart from the obvious end of year announcement was we could also hear of another resource consent coming through like one for the Boulcott site in Lower Hurt,now that would be nice wouldn't it

[Goldstein]

Of course. The next announcement was always going to be an SSH by ACC.
https://www.nzx.com/companies/SUM/announcements/246350

I wondered what was affecting the price yesterday.

Looks like they've made a typo in the announcement. The % holding has changed but the number of shares has not.

[Jasemc]

Retirement sector taking a bit of a downward slide in the last while reasons?

[JayRiggs]

Retirement sector taking a bit of a downward slide in the last while reasons?

I think it's just a general pullback in share price and the US markets going down overnight. RYM and SUM were looking a bit overbought the past week. I'm always keen to buy after a pullback!

[Goldstein]

Retirement sector taking a bit of a downward slide in the last while reasons?

Not sure, but it is interesting to ACC's recent bit of juggling.

They sold AUM, ARG and NZO and bought DIL.

So perhaps the tech sector is leeching some funds off other sectors. ALso pending interest rate rises may be seen to affect property prices a bit.

[Goldstein]

Retirement sector taking a bit of a downward slide in the last while reasons?

Not sure, but it is interesting to ACC's recent bit of juggling.

They sold AUM, ARG and NZO and bought DIL.

So perhaps the tech sector is leeching some funds off other sectors. ALso pending interest rate rises may be seen to affect property prices a bit.

[mrjeems]

ACC confident about the announcement?

[Goldstein]

ACC confident about the announcement?

Sorry Mrjeems, not sure what you mean there.

There's also a rather sad story about a Canadian rest home in the Herlad this morning. http://www.nzherald.co.nz/world/news...ectid=11191345

I wouldn't think this would have an impact, but you never know. The volumes aren't big.

[clip]

Not sure, but it is interesting to ACC's recent bit of juggling.

They sold AUM, ARG and NZO and bought DIL.

So perhaps the tech sector is leeching some funds off other sectors. ALso pending interest rate rises may be seen to affect property prices a bit.

Am i reading the SSH wrong (have i been reading all SSH's wrong?)

For this disclosure,—
(a) Total number held in class: 7,127,653
(b) Total in class: 83,776,155
(c) Total percentage held in class: 8.508%
For last disclosure,—
(a) Total number held in class: 7,977,963
(b) Total in class: 83,776,155
(c) Total percentage held in class: 9.523%

Does this not infer they have sold DIL?

[Goldstein]

Am i reading the SSH wrong (have i been reading all SSH's wrong?)

For this disclosure,—
(a) Total number held in class: 7,127,653
(b) Total in class: 83,776,155
(c) Total percentage held in class: 8.508%
For last disclosure,—
(a) Total number held in class: 7,977,963
(b) Total in class: 83,776,155
(c) Total percentage held in class: 9.523%

Does this not infer they have sold DIL?

Nope, it's me being too quick again clip. Thanks.