SUM - Summerset Group

[peat]

Your very brave Peat...as J Ryder has said...if you dance be very close to the door...

my cash ratio is very high. as in 4:1 cash vs equities both through reductions in holdings and a cash injection so I don't really need to be near the door at all - in fact I am at the front of the dancefloor with girls all around shaking my stuff, and to be honest will probably order another magnum at this point of the night.

[troyvdh]

Excellent post peat.Ive never ever held cash in 40 odd years..Well I have kinda have with PFI which Ive always viewed as a kind of bank..i.e. 8-9 % for about 25 years.Anyways enjoy your stuff being shooken up by all the girls.Cheers troy

[King1212]

All residents will be die because of corona virus.....SUM will be damned..gosh....great time to buy an not have enough of SUM!

[King1212]

https://www.landlords.co.nz/article/...9+January+2020

[Benny1]

Had a tour around a Summerset village before Christmas last year.
Some aspects were quite nice definitely nicer than the older MET village they still have their name down on the waiting list for ( I think!).
Guy showing us around mentioned SUM maybe moving to a fixed weekly fee for life model as this is the way the industry is going..
I know my parents and few others are looking around at village options at the moment are particularly put off SUM due their weekly fee not being fixed for life.

[Beagle]

Had a tour around a Summerset village before Christmas last year.
Some aspects were quite nice definitely nicer than the older MET village they still have their name down on the waiting list for ( I think!).
Guy showing us around mentioned SUM maybe moving to a fixed weekly fee for life model as this is the way the industry is going..
I know my parents and few others are looking around at village options at the moment are particularly put off SUM due their weekly fee not being fixed for life.

I've been barking at Julian about making that change for years. He's as stubborn as an old mule. Please ensure your parents are very vocal about telling the SUM salesman what they think about it not being fixed as Julian consistently tells me that they don't get any negative feedback. Please tell the salesman in no uncertain words, words and intentions are cheap mate, change it to fixed fees for life and I will buy, don't change it and I wont.

You'd think at over $1m for this villa they could afford to fix the weekly fee for life https://www.trademe.co.nz/property/r...bd16ffd006-003

[Blue Skies]

What the heck's going on with SUM, it was 930 last thurs and down 5% to 883 today with flimsy bid support above 865.

Surely hasn't caught the Coronavirus ?

Disc, holder

[couta1]

What the heck's going on with SUM, it was 930 last thurs and down 5% to 883 today with flimsy bid support above 865.

Surely hasn't caught the Coronavirus ?

Disc, holder

Was overpriced.

[Beagle]

Was overpriced.

Everything is overpriced except ATM eh mate

Institutions probably clobbering together funds for OCA placement which at ~ $1.20 will be 12-13% down from the peak.

[macduffy]

What the heck's going on with SUM, it was 930 last thurs and down 5% to 883 today with flimsy bid support above 865.

Surely hasn't caught the Coronavirus ?

Disc, holder

No, but it's caught the backlash of other corporate action. All the attention - and spare cash - is on OCA at present.