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19-10-2017, 10:50 AM
#5641
a day in the life of a retirement home tenant
http://www.nzherald.co.nz/business/n...ectid=11934562
not a summerset village
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-10-2017, 11:11 AM
#5642
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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19-10-2017, 11:12 AM
#5643
Not really representative of the industry, or of the attitude of those who occupy the vast bulk of the retirement home units though, is it?
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19-10-2017, 11:35 AM
#5644
Originally Posted by Zaphod
Not really representative of the industry, or of the attitude of those who occupy the vast bulk of the retirement home units though, is it?
No idea ... however this particular provider has quite a collection of retirement villages:
https://goldenhealthcare.co.nz/lady-wigram/
But to be fair - they promise on their webpage "central location" and "easy access", nobody talks about tranquility or respect for the rights of the tenants ...
So it is probably just another case of buyer beware ...
Back to SUM ... it is good to know that there are alternatives in Christchurch for people looking for a nice and friendly rest home place:
https://www.agedadvisor.nz/search/re...m-Christchurch
https://www.summerset.co.nz/wigram-c...t-out-village/
Interesting to note: The close by Summerset retirement village gets 5 stars on age advisor for "caring staff", while the village of the landlord in question got only 3 stars. Maybe it is not just the boss?
Mental note - check independant surveys before booking a rest home place ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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19-10-2017, 08:37 PM
#5645
What is SUM's price to book again and debt ratios again? (particularly relative to others in the sector)
Some say those with the highest in these two departments could be in the firing line tomorrow/coming days and something tells me SUM is "leading the pack" in both (which is not a good thing for these ratios)
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20-10-2017, 10:18 AM
#5646
Originally Posted by trader_jackson
What is SUM's price to book again and debt ratios again? (particularly relative to others in the sector)
Some say those with the highest in these two departments could be in the firing line tomorrow/coming days and something tells me SUM is "leading the pack" in both (which is not a good thing for these ratios)
INA: NTA $2.50; SP $2.68; SP/NTA 1.07
MET: NTA $5.32; SP $5.88; SP/NTA 1.11
OCA: NTA $0.92; SP $1.04; SP/NTA 1.13
SUM: NTA $2.86; SP $5.08; SP/NTA 1.78
RYM: NTA $3.29; SP $9.58; SP/NTA 3.29
Hmm - according to your theory should Ryman take the brunt of the carnage, and they did lose some cents in the opening. You selling?
Obviously - short term the market might go wherever fear and greed is driving it. Long term I'd expect that fundamental values (including growth, consistency, asset quality, market size = future growth potential, service level and quality) will prevail.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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20-10-2017, 10:48 AM
#5647
Originally Posted by BlackPeter
INA: NTA $2.50; SP $2.68; SP/NTA 1.07
MET: NTA $5.32; SP $5.88; SP/NTA 1.11
OCA: NTA $0.92; SP $1.04; SP/NTA 1.13
SUM: NTA $2.86; SP $5.08; SP/NTA 1.78
RYM: NTA $3.29; SP $9.58; SP/NTA 3.29
Hmm - according to your theory should Ryman take the brunt of the carnage, and they did lose some cents in the opening. You selling?
Obviously - short term the market might go wherever fear and greed is driving it. Long term I'd expect that fundamental values (including growth, consistency, asset quality, market size = future growth potential, service level and quality) will prevail.
You left ARV off your list ...on purpose I presume?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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20-10-2017, 10:53 AM
#5648
Originally Posted by winner69
You left ARV off your list ...on purpose I presume?
I think ARV is about 1.2, crazy that OCA is now the cheapest at 1.06, after falling to its current 98 cents (market must be worried about immigration)
And yes, I would have thought RYM would have been hardest hit, followed by SUM - I suppose RYM's exposure to aussie is helping it.
Last edited by trader_jackson; 20-10-2017 at 10:55 AM.
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20-10-2017, 10:57 AM
#5649
Originally Posted by winner69
You left ARV off your list ...on purpose I presume?
Probably for another thread ... but yes, ARV does not happen to be on my shortlist and yes, I guess there must be a reason for that .
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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20-10-2017, 12:45 PM
#5650
Originally Posted by trader_jackson
I think ARV is about 1.2, crazy that OCA is now the cheapest at 1.06, after falling to its current 98 cents (market must be worried about immigration)
And yes, I would have thought RYM would have been hardest hit, followed by SUM - I suppose RYM's exposure to aussie is helping it.
I told Vaygor yesterday that RYM probably still be around $9.60 in 2019 when he reckoned $15 odd
What happens when valuations normalise.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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