SUM - Summerset Group

[Ggcc]

That was rather a large red cliff to end the week on - I do hope none of the residents wandered off it in their fairie walking.

Napier has an eight year waiting list for a Summerset unit (very sad) I have been told by a neighbour enquiring. I don’t know if that includes the new Summerset..As many said a tsunami of elderly needing accommodation in this part of the country....... Longterm you cannot lose in these sort of businesses. I would not worry about the lows on this share unless you need your money in a hurry.

[Beagle]

https://www.nzx.com/announcements/321770

[BlackPeter]

https://www.nzx.com/announcements/321770

Sounds good, doesn't it? Though on track to sell 450 (new) units would sound still better :

[Beagle]

Sounds good, doesn't it? Though on track to sell 450 (new) units would sound still better :

Build it and they will come

[macduffy]

I see that Boulcott still gets a mention as a "greenfields site". I wonder what the current state of play is there?

[value_investor]

HY results coming soon, I have a few questions on this one at the moment in terms of buying more of a position. I already have a large position. It went from being very undervalued late last year to now perhaps having a 'fair' valuation for the history of its own company bordering on over valued.

The sales/resale numbers are very weak and infact down on last year so far so I'm assuming development margins are staying strong or getting stronger. On a forward PE basis based on the low end on the guidance normalised for the whole year (21% growth in underlying earnings), its looking at about an 18. I know historically, the 2H results are weighed higher but being conservative we revert back to this range imo forward PE of 16-18 which is still very good buying. Is it better buying than OCA though?

I also wonder what Ryman has done to warrant such a high PE vs the rest of the market. Will we see SUM over the next few years because valued on such a high regard? From what I know RYM is a darling with the insto's.

[winner69]

HY results coming soon, I have a few questions on this one at the moment in terms of buying more of a position. I already have a large position. It went from being very undervalued late last year to now perhaps having a 'fair' valuation for the history of its own company bordering on over valued.

The sales/resale numbers are very weak and infact down on last year so far so I'm assuming development margins are staying strong or getting stronger. On a forward PE basis based on the low end on the guidance normalised for the whole year (21% growth in underlying earnings), its looking at about an 18. I know historically, the 2H results are weighed higher but being conservative we revert back to this range imo forward PE of 16-18 which is still very good buying. Is it better buying than OCA though?

I also wonder what Ryman has done to warrant such a high PE vs the rest of the market. Will we see SUM over the next few years because valued on such a high regard? From what I know RYM is a darling with the insto's.

Value - I think you answered you own questions

[value_investor]

Value - I think you answered you own questions

I think either of those 3 long term will do well, just the one that will end up being top % gain wise will be interesting in 10 years time

[macduffy]

I think either of those 3 long term will do well, just the one that will end up being top % gain wise will be interesting in 10 years time

And that's why Ryman is rated comparatively higher - it has the longterm success on the board!

[Timesurfer]

And that's why Ryman is rated comparatively higher - it has the longterm success on the board!

Peaked early in the boomer bubble - leaving room for SUM underdogs to come through and take the cake?