Looking ahead to a full year result this bit from announcement is really positive
Summerset is on track to deliver approximately 600 homes in FY22. Demand remains strong, with our resale villages maintaining low levels of uncontracted stock and presales continue to track at high levels.
So it seems likely that full year Underlying Earnings will be well in excess of last years $141m - maybe even over $160m
We'll know more come August when half year is announced
suppose that's what the market saw in the update
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Looking ahead to a full year result this bit from announcement is really positive
Summerset is on track to deliver approximately 600 homes in FY22. Demand remains strong, with our resale villages maintaining low levels of uncontracted stock and presales continue to track at high levels.
So it seems likely that full year Underlying Earnings will be well in excess of last years $141m - maybe even over $160m
We'll know more come August when half year is announced
suppose that's what the market saw in the update
Normally W69 sees soon what market will see ...today 9am it was disaster and at close it looking better ...lol
Summerset reported 289 new unit sales and 222 resales for first half F22
I reckon / estimate that should produce $90m in realised gains - add another $5m profit from caring for people and running villages and Underlying Profit is estimated to be $95m
Yep, I reckon $95m - about 30% higher than H121
No wonder there's been a bit of interest in the share price of late
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Summerset reported 289 new unit sales and 222 resales for first half F22
I reckon / estimate that should produce $90m in realised gains - add another $5m profit from caring for people and running villages and Underlying Profit is estimated to be $95m
Yep, I reckon $95m - about 30% higher than H121
No wonder there's been a bit of interest in the share price of late
SUM results are exciting punters more then HGH results ...hopefully it will not disappoint ...$ 95m + as per our expert W69
Its nice to see Winners optimism even in the face of a very difficult period. The company and entire sector has continued to date on its juggernaut path despite staff shortages, staff costs, Omicron, supply shortages and now a cooling housing market. Despite all these well thrashed out headwinds we are yet to see any material dipping of results ( outside of the temporary direct covid costs and disruptions when covid was at its CY2020 peak).
Tomorrows result will be an important waypoint for the "post covid" RV industry and in particular any commentary on current pricing and sales trends.
My expectations of SUM are also very high ( why wouldn't they be after their track record, they are an incredible company) but is a tad short on Winners.
My maths says a result of somewhere around underlying $87m, I would be delighted for Winner to be right.
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Originally Posted by winner69
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