SUM - Summerset Group

[alokdhir]

looks like 1100 is holding today

Down trend still in play ....lower low etc

break below that and sub 1000 beckons

We dont know where it will stop ...but we know it will go over this sooner then latter ...so time to step up and start adding to already good position in this great company ...

[SailorRob]

Looking at the 2012 Annual report they did 6.96 cents per share and last year 238.18 for a CAGR of over 42% for 10 years.

Using total comprehensive income for both periods comes out to 44%

Using the 2011 numbers and a 11 year CAGR comes out over 50%

If these are accurate numbers and comparisons then this is truly world class.

[Beagle]

Looking at the 2012 Annual report they did 6.96 cents per share and last year 238.18 for a CAGR of over 42% for 10 years.

Using total comprehensive income for both periods comes out to 44%

Using the 2011 numbers and a 11 year CAGR comes out over 50%

If these are accurate numbers and comparisons then this is truly world class.

I think the 33% CAGR SUM stated was based on realised underlying earnings but no matter which way you measure earnings there's no question about the class of this company. If you had to pick one company in this sector and were compelled to own it for 10 years choosing this one is an absolute no brainer.

In the short run however the trend in the whole sector is sharply down and that trend may have quite some time to run. I believe that some people may be switching from Kiwisaver growth funds to conservative or cash funds in these uncertain times and as this one is a favorite with institutions chasing growth you may see them being forced to keep selling this as people keep switching kiwisaver funds.

Maybe wait until there's a break back up through the 100 day moving average in due course and consider that as a good time to initiate a new position.

[bull....]

summerset breaking down from its consolidation which has been in play since feb ..... timber

[bull....]

crushed today at the moment

[Waltzing]

only down 2 and something, OCA (pronounced OKA) down 1.9 ..

crushed would be more like an 8 handle?

8.50 being MR B target buy price...

come to think of it where is the Beagle....

[winner69]

Should hear what Q2 sales are this week

Hopefully a number over 300 and a pick up in resale numbers which have been down v pcp the last 3 quarters

If not just another sign sector under pressure ..... and no doubt the market will send out another message not a good sector to be in for a year or so

[winner69]

June quarter sales number a bit of a disaster - down 3% on last year

Won't bring love to the sector ..... the multi year secular bear will continue with share prices remaining under pressure

[BlackPeter]

Well, yes - but then - this quarter is still one of the 5 best sales quarters SUM ever had ... hey, this must count for something, doesn't it ;

[Charlie]

Also seem to have a lot of building going on. I thought it was quite good considering the turbulent times. Sp opens up a bit ...