SUM - Summerset Group

[BlackPeter]

As probably know Pete things can't grow at an annual rate for 70% for ever

Not sure I realised that this is a law and that 4 quarters are already "forever"?

Anyway ... good company (and I mean that ...), clearly blazing the trail for OCA ;

[winner69]

Not sure I realised that this is a law and that 4 quarters are already "forever"?

Anyway ... good company (and I mean that ...), clearly blazing the trail for OCA ;

Declining sales numbers must be an industry thing

OCA sales numbers last 2 reporting periods are down as well

However OCA decline is more than SUM's ... hmm

[BlackPeter]

Declining sales numbers must be an industry thing

OCA sales numbers last 2 reporting periods are down as well

However OCA decline is more than SUM's ... hmm

My saying ... more headroom to recover :

[winner69]

From MOH today

Summerset by the Park Rest Home Flat Bush

An Auckland aged residential care worker associated with the family from Nelson, has tested positive for COVID-19. The worker is fully vaccinated and Whole Genome Sequencing is being carried out however we are treating this as a contact of a known Omicron case.

The resthome is now closed to visitors and testing is being carried out on residents and staff.

Anyone who has visited the rest home since Friday 21 January and has symptoms of COVID-19 is asked to isolate and get a test as soon as possible.

[Waltzing]

Bit like stop and go signs ... open and closed signs.... big blinking sign on every web site..

Dont forget to check before you leave home unless your biking, walking the dog canoeing ect.

Same game plan then... games plans usually get stale and then you need a new plan and a new team.

Stale game plan... retirement villages in the firing line then.

[Ggcc]

From MOH today

Summerset by the Park Rest Home Flat Bush

An Auckland aged residential care worker associated with the family from Nelson, has tested positive for COVID-19. The worker is fully vaccinated and Whole Genome Sequencing is being carried out however we are treating this as a contact of a known Omicron case.

The resthome is now closed to visitors and testing is being carried out on residents and staff.

Anyone who has visited the rest home since Friday 21 January and has symptoms of COVID-19 is asked to isolate and get a test as soon as possible.

It will hit all care villages. Just a matter of when.

[Baa_Baa]

It will hit all care villages. Just a matter of when.

That's not the experience in Canada or Australia, but it's pretty bad regardless judging by the % of deaths overall and the % of rest homes that have or had outbreaks.

"

• As at 12 January 2022, Canada had experienced 31,595 deaths. This includes 15,953 deaths at residential in care homes (or 51 per cent).
• 56 per cent of all aged care homes in Canada have had reported cases of COVID-19 in residents or staff (compared to 40 per cent in Australia)."

[Waltzing]

well those figures tell us from a human effort perspective the work that the retirement teams are going to have to put in and probably already are heroic maybe.

[artemis]

A post yesterday elsewhere* that Summerset agreed to delayed settlement for a village unit to allow her to sell her own home first. Conditions said to be 10% deposit and a lawyer's undertaking. She can move in right away and the poster (daughter) said that gives time to prepare the home for sale and all that it entails with a lifetime of possessions to deal with.

Is this a common practice? Sounds like it could be a useful marketing point of difference.

* Posted on the big NZ property investor's Facebook group. Private group but with nearly 60,000 members not so private.

[alokdhir]

SUM maybe the Best Buy at the moment for long term hold ...its almost 38% below average analysts target price which incorporates all the rates and property downturn etc fears and realities .