SUM - Summerset Group

[Patient Panda]

Pretty good return on capital eh

However what is the price / value of those “massive returns” ...market seems to think $7.60 odd which seems more than fair for a company whose book value is – massive amount of market value added at $7.60 eh

The market will ‘tell’ you many strange things if you let it.

I only pay attention to the market price when its of benefit for me to do so. In this case I still see SUM as ripe pickings
I don’t hold a large number and not looking to buy more beyond the DRIP but still happy holder.

[Beagle]

Jeez - Patience does not seem to be your middle name ;

Have a look at the long term trend ...

Attachment 9916

Share price nearly tripled in less than four years ... and there are people whinging whether it will reach the $8 today or tomorrow.

I'd call this a beautiful uptrend .... hardly ever touching the MA400. Happy holder - and the $8 will come when it comes ;

Good post BP, you're on fire lately. As I get older I realise the single most important investment skill is to learn to have a very large degree of patience when holding growth stocks like this one.

[davflaws]

... but FA means nothing for short term price fluctuations.

FA means FA????

[limmy]

Patience and holding power !

Good post BP, you're on fire lately. As I get older I realise the single most important investment skill is to learn to have a very large degree of patience when holding growth stocks like this one.

[BlackPeter]

FA means FA????

Fundamental Analysis

[RTM]

Fundamental Analysis

I think the last A is perhaps short for All. I’ll leave the F word to your imagination.

[winner69]

I think the last A is perhaps short for All. I’ll leave the F word to your imagination.

Would have clearer if dav had just said FA means SFA

[winner69]

Good to see Chairman Rob get his 309 DRP shares ...and a few other directors as well

[Beagle]

This dog snapped up a few extra shares too but I still think its a bit odd that they don't carry forward fractions to the next dividend like almost every other company does.
Might rattle their cage at the next annual meeting about that point although if that's all I've got to complain about then I'm sure I'll be happy overall

[Beagle]

https://www.nzx.com/announcements/323909

Thank you to all bond investors who supported growing SUM and loaned money at 4.2% for 7 years on the enlarged $125m issue.