SUM - Summerset Group

[Beagle]

Yes...the hound has been fortunate enough to consult with one or two publically listed companies on the odd infrequent occasion. Its a difficult thing to manage but in my view as long as you don't bark about anything confidential or anything about the nature of the client professional relationship or in the case of employees anything that you learned as an employee its okay to talk about the company in a general sense or to disclose that its one's #1 investment position (Actions and holding size speak louder than words anyway in my opinion)

[percy]

You can always comment on the Ryman thread .......

Absolute classic....lol.

[Baa_Baa]

Unfortunately I am unable to comment further on the SUM thread due to being privy to inside information of an ongoing nature, so I think it's best to abstain.

Does that also mean you can't trade SUM with insider info? Will miss your insights.

[Xerof]

From SUMones recently invoked (thanks to roger?) Securities Trading Policy and Guidelines

2.2 Insider Trading Laws
2.2.2 If you have any material information, it is illegal for you to:
• trade Summerset’s Listed Securities;
• advise or encourage another person to trade or hold Summerset’s Listed Securities;
• advise or encourage a person to advise or encourage another person to trade or hold Summerset’s Listed Securities; or
• pass on the material information to anyone else – including colleagues, family
or friends – knowing (or where you ought to have known) that the other person will use that information to trade or advise or encourage someone else to trade, or hold, Summerset’s Listed Securities.

[Beagle]

Can't take credit for that but I did quite a bit of work and so did the New Zealand Shareholders association around the black out restricted trading period for insiders prior to the release of quarterly sales information which absolutely is price sensitive information. Fait to say the NZSA probably did their work slightly more diplomatically rather than dogmatically lol...sometimes the hound is prone to taking a dogmatic approach

P.S. I hounded up a few more this morning at $5.00, couldn't resist. Bargain buying with National set to be winning the election tomorrow. All good, no tax worries, in fact no worries at all. SUM management will have to come clean on how excessively conservative their official guidance is for FY17 Sumtime soon

[aajm1490]

Hi all,


Posting one last time in case anyone missed it.


Colmar Brunton is conducting some research on behalf of the Financial Markets Authority (FMA) about what information investors find most helpful to make informed decisions about particular investments. This will help the FMA improve product disclosure documents to make them more useful for investors. We're looking for people to take part in paid research interviews at our Auckland and Wellington offices over the next few weeks.


We'd like to talk with you if you have recently invested, or seriously considered investing, in the Summerset fixed rate 6 year bond offer.


Your contact details and the feedback you provide in interviews will be completely annonymised and will not be used for any other purpose. If you are interested in taking part, please email ali.ajmal@colmarbrunton.co.nz with your contact details including a phone number.


Thanks


PS: If you're interested, please get in touch via the email above.
PPS: This message was cleared with an ST Admin before being posted.

[Beagle]

SUM will continue to make decent profits through thick and thin. Talk of a property crash and its impact on SUM is just that

The issue is what multiples are punters prepared to pay for SUM's profits ....not SUM's actual performance. Sentiment could still see SUM share price fall further or stagnate.

I'll leave it to others to comment on whether the current 'level of sentiment' is warranted or not.

Whatever SUM will still continue to build heaps of units and make heaps of money.

This is a great post and SUM's up the situation nicely in the current uncertain political environment. Talking with a client at the moment about selling her little farm and she's looked at SUM's village in Karaka and reckons its first class. That's the second client that's mentioned Karaka's village as being a really first rate village.

[Xerof]

Smart move by Julian and co

https://www.tvnz.co.nz/one-news/new-...its-caregivers

I hadn't heard the latest regarding the 'uneven' allocation of the Aged Care workers settlement with the Crown being highly advantageous to the 'big' outfits (read those listed on NZX)

[Lewylewylewy]

...... good

[Beagle]

He's a smart cookie that Julian.