SUM - Summerset Group

[Beagle]

Wonder if there’s an early redemption clause of those Summerset bonds ....4.78% pa until 2023 not looking like cheap finance these days ...or even the 4.2% until 2025

Interestingly those 2025 bonds last traded on market at just 2.45% !

[winner69]

Interestingly those 2025 bonds last traded on market at just 2.45% !

...and the shorter duration at 2.70%

We should tell CNBC about the inverted yield curve in SUM bonds and they drum up a sensational story about the impending tough times in the NZ retirement sector ....maybe even doom times ahead

[Beagle]

Nah, enough doom and gloom already...but I do have a great "new" idea...we can invert this yield curve even further and get people to lend SUM hundreds of millions of dollars interest free for 7-10 year terms and then charge them 25% redemption fee at the end...oh hang on a minute, we do that already

[Beagle]

It's current fair value is around $6.75 and you all know how I worked that out.

593/1313 = ~ 45%, clawed its way back from the bottom of the channel when it was 42% relativity and heading back to 50% as sure as day follows night.

[winner69]

Tomorrow will be the day we see 6 bucks again

No worries

[Baa_Baa]

Tomorrow will be the day we see 6 bucks again

No worries

Assuming the Trumpet doesn't have some new dumb idea overnight, $6 looking good. Marketscreener 5 analysts consensus slightly up to $6.83. Forbar on record target $7.10.

As interest rates drop away and buyer enthusiasm picks up in property markets, the malaise surrounding Villages should give way to reassessing the long term value proposition and current opportunities to get a decent fill at great prices.

[trader_jackson]

Assuming the Trumpet doesn't have some new dumb idea overnight, $6 looking good. Marketscreener 5 analysts consensus slightly up to $6.83. Forbar on record target $7.10.

As interest rates drop away and buyer enthusiasm picks up in property markets, the malaise surrounding Villages should give way to reassessing the long term value proposition and current opportunities to get a decent fill at great prices.

I don't mean to blow your bubble, but you might as well ignore Forbar and their targets... they have a $1.64 target on ARV - thats 27% higher than today's share price, vs SUM where they 'only' have a 15% higher target price... you'd be nearly 2x better to invest in ARV than you would in SUM according to them

[Baa_Baa]

I don't mean to blow your bubble, but you might as well ignore Forbar and their targets... they have a $1.64 target on ARV - thats 27% higher than today's share price, vs SUM where they 'only' have a 15% higher target price... you'd be nearly 2x better to invest in ARV than you would in SUM according to them

Sorry mate, my eyesight isn’t good enough to read your fine print and I assume it’s just another cross-promo for ARV, so back on ignore. Cheers

[Ggcc]

Tomorrow will be the day we see 6 bucks again

No worries

You are quite correct. Time to open up the Moccona good stuff, with some A2 milk

[winner69]

Sorry mate, my eyesight isn’t good enough to read your fine print and I assume it’s just another cross-promo for ARV, so back on ignore. Cheers

Promotion of his own or mates work as well