SUM - Summerset Group

[Beagle]

Index rebalancing day they say

No that's tomorrow in the closing match process mate. 9x the average daily volume done now.

[oldtech]

Does anybody have any idea why there was such a big drop this morning? Plunged to $6.560 at one point.

[winner69]

No that's tomorrow in the closing match process mate. 9x the average daily volume done now.

Huge volume in SPk as well as sb9 mentioned rebalancing

[babymonster]

looking for dip my toes in the retirement village sector after recent downturn.. any suggestions? i was in Rym 2 yrs ago but sold after 20% profit (too early). thinking about either sum or met, will do my own research later but any ideas are appreciated.

[Blue Skies]

looking for dip my toes in the retirement village sector after recent downturn.. any suggestions? i was in Rym 2 yrs ago but sold after 20% profit (too early). thinking about either sum or met, will do my own research later but any ideas are appreciated.

imho, medium, long term, you can't go wrong with any of them, but OCA most undervalued at moment.
Award winning care & cheerful, committed, engaged staff (have been v impressed by them), huge assets, very smart management with lots of skin in the game, and lo & behold some of them have been adding to their existing large holdings at present sp levels.
And a good dividend yield.
Disc hold both SUM & OCA & not selling either.

[BlackPeter]

looking for dip my toes in the retirement village sector after recent downturn.. any suggestions? i was in Rym 2 yrs ago but sold after 20% profit (too early). thinking about either sum or met, will do my own research later but any ideas are appreciated.

I think there is plenty of information in the relevant threads.

In a nutshell: MET looks cheap at face value, but there might be good reasons for that (leaking homes ...); SUM and OCA do have different business models (and are therefore quite uncorrelated) but look at this stage in my view both certainly worthwhile to consider. OCA might be a steal at current prices. RYM is the gold standard and priced accordingly. Less risks, less rewards. ARV: may or may not be worthwhile to research, I have not really a view on them (but a bad first impression ...

As always - nobody can predict tomorrows share prices and even good looking companies might slip further ...

Disc: hold some SUM, lots of OCA and INA on the ASX ...

[sb9]

First NZ have lightened their holding.

[BlackPeter]

First NZ have lightened their holding.

I guess with their holding size it does make sense for them to sell into uptrends. They might have bought these shares for below $3 and just wanted to realise some of their gains.

Nice to see that the share price keeps rising ...

[Beagle]

SUM the proven long term performer rides to my rescue to give me some much needed happiness...what a marvellous track record it has since it listed way back in 2011 !

[babymonster]

Thanks all.