SUM - Summerset Group

[Balance]

they start with premium clients selling first then the riff raff get the call to sell , moves down the line think thats how it works so by fri craigs riff raff will be selling wont they?

Yup, that's how the industry works - fund managers & institutions & high value clients first, then premium clients and then, the riff-raffs (so to speak).

Guess, Couta has a point about down ramping - instos could be happily picking up stock off the riff-raffs at around current levels after selling out at over $7.00 just 6 months ago.

[minimoke]

craigs: Sell summerset

= we need more brokerage transactions

[Beagle]

= we need more brokerage transactions

Which is precisely why I put a lot more credence on the average analyst forecast as this tends to remove the vested interests and bias (at least to some extent).
I think $7 a year hence is a fair call.

[mcdongle]

[QUOTE=Beagle;754680]I don't want to be rude but honestly I couldn't care less about individual anecdotal evidence. National average is all that's relevant and is up 2.5% year on year.



Thats ok just thought i would throw it in there

[Beagle]

Good. That's why the sharemarket is such a wonderful place - a market where different perceptions of value and expectations differ.

Sp was $7.50+ in October 2018 when data of Auckland's struggling property market started emerging - discounted at that time by the real estate industry of course!

Those who took heed vs those who believe it's just temporary.

SUM canny investors sold at just on $8 last year and with underlying profit growth since then of 22% think the current price is extremely good value for long term investors.

[winner69]

Probably a reason why resales look a bit slack

What a lovely soul she must be ....be good if average tenure could increase significantly

https://www.nzherald.co.nz/wanganui-...ectid=12219673

[Beagle]

Probably a reason why resales look a bit slack

What a lovely soul she must be ....be good if average tenure could increase significantly

https://www.nzherald.co.nz/wanganui-...ectid=12219673

Lovely to see. This thread could sure use a dose of her positivity lol
Forgotten FACT in the rush for everyone to post their apocalyptic views of the real estate market. Last year SUM added 454 units AND 52 care beds.

[RupertBear]

Ok, I have found what Craigs said. It was on the 28/3/2019 and was a Strategy Report for private wealth research in the NZ equities Portfolio.

They did not say SELL SUMMERSET, BUY GENTRACK AND SCALES

they said "Removing Summerset (previously 6%) and increase Ryman weighting to 8%(from 6%)"

In another part of the report they said they were introducing both Scales and Gentrack into the portfolio

Not quite the same thing

Fair enough, Sharechat and the Herald reporter who wrote the article have clearly misreported Craigs recomendations then

[Maverick]

Lovely to see. This thread could sure use a dose of her positivity lol
Forgotten FACT in the rush for everyone to post their apocalyptic views of the real estate market. Last year SUM added 454 units AND 52 care beds.

Salt of the earth family those Bevans. I'm proud to say they are a wanganui family and all of them are the most positive family you could ever find.

[trader_jackson]

= we need more brokerage transactions

As they say, brokers only make you broker!

Might have to jump into sumthing here tomorrow, sum has finally, after years of being overvalued, starting to look valued more reasonably (given the impressive growth - which we all know will halve this year for the first time in half a decade, but I believe this is nearly priced in)