SUM - Summerset Group

[Ggcc]

massive support at 5:50 on the LT chart.
I might even double down at that level.

But I'm not in a tearing rush after Craigs prognosis. it might take a little while for the crowd to all move out after such a large broker sell recommendation. Standing in front of freight trains not too much fun lol

Good advice. Wait till the panic stops and then look to buy. Don’t rush in thinking it’s a bargain. It could drop another 50 cents for all we know

[trader_jackson]

The 'holding up pretty well really' was clearly not going to last... if it gets into the low-mid $5, I could be come sumwhat interested... most of the risks (slower sales, higher leverage, building more than can be sold, poor continuum of care, just to name a few) should then be priced in.

Then again, the experts at Forsyth still saying its all good... $7.35 buy price
Then again, the same guys say ARV is worth north of $1.60 for a couple years now so maybe not so experty

Nearly in the mid $5's... I have to say I'm starting to get tempted...
Everyone on this thread makes sum seem so exciting! Rather than that other boring rock solid dog...
Or trying to laugh through the pain of SUM dropping 23% in 6 months

[tuaman]

now p/e 5.9
Is there any nz company like this p/e also paying net div %2.3 for a long time? Metro glass has p/e of 5.85.
So market values sum=mpg. Quite strange I think.

[macduffy]

Couta and others are right in that the current SP of SUM isn't important - unless one is a trader, and after all this is Sharetrader! - but there'll be some good buying here when the trend bends up again.

[winner69]

now p/e 5.9
Is there any nz company like this p/e also paying net div %2.3 for a long time? Metro glass has p/e of 5.85.
So market values sum=mpg. Quite strange I think.

Future outlook for both seen as the same ...maybe a reasonable view

[Balance]

Can I hire you as a property consultant mate ?...that's quite a fancy long range crystal ball you have there...

I charge for my property development services (for real) and I can tell you this - property is a long game and a cycle typically lasts between 5 to 7 years, on the way up and on the way down.

Currently, it is on the way down - and only at the beginning!

[RTM]

BUY 14/11/2017 2,200 NZD 468

Seems like quite a short time ago I bought some for $4.68.
I wouldn’t be totally shocked should they head back there.
If they got anywhere near it....I’ll buy more.

[Scrunch]

Marketing rubbish.
$15k cash back - price reduced by $15k more like.
$25k of sweetener - times are getting tough.

I wonder whether it's driven by accounting issues. A cash back might be accounted for as a selling expense and buried in other expenses. Dropping the price would impact the development margin and impact a key operational metric. So how was the development margin calculated on finished but empty units again? Is it on the estimated value less the cost of construction?

[bull....]

Nearly in the mid $5's... I have to say I'm starting to get tempted...
Everyone on this thread makes sum seem so exciting! Rather than that other boring rock solid dog...
Or trying to laugh through the pain of SUM dropping 23% in 6 months

looks like all retirement stocks getting sold again today except arv

[winner69]

now p/e 5.9
Is there any nz company like this p/e also paying net div %2.3 for a long time? Metro glass has p/e of 5.85.
So market values sum=mpg. Quite strange I think.

If SUM properties were revalued down by a mere 5% that PE of 5.9;would blow out big time ....probably over 20