https://www.nzx.com/companies/SUM/announcements/302543
Congrats to the team at SUM. Makes compelling sense to diversify the funding source and lock in some of their funding costs for six years at close to a fifty year low in interest rates. Nearly $400m in headroom in their main funding facility now gives them ample headroom to pursue growth opportunities.
Back in 2017 this was
Expensive money now eh ...but compelling back then
”When investors are euphoric, they are incapable of recognising euphoria itself “
Market is forward looking, I think we're seeing the revaluations being priced in across the sector.
Yes we are. Looks like closing at $9.00 or slightly above. Congrats to holders, everyone in this sector is a Winner !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I am sure that they will present a very good sales result for the last quarter as Julian has already been in the media saying sales were much stronger than last year.
One other thing I am sure of is this is already fully built into the current price.
One final thing, I am sure that some of the MET funds will find their way into SUM so that will probably move the price north towards $10.
Whether the shares are really worth that is another matter...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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