SUM - Summerset Group

[Maverick]

Craigs says says that although margins in the retirement sector are likely to contract on the resale of units
as i said about all these stocks - totally its all about property which drives these stocks not anything else,

Resale margins will contract in Auckland and Tauranga but will always be in keeping with general building inflation. It's just that it was so unsustainably fast paced up to 2017 in these regions.There is still truck loads of embedded value to catch up on as the units resell from prices set 6 years ago.

the word they use is "contract" it is not "collapse" ,or "petter out".
SUM resales are in top condition and will be linked closer to a new build price rather than something second hand.

Also, most importantly, the resale margins are becoming far less of their profit proportion. In 2015 SUM started making more from its DMFs than resales . Now , it's 150% more and increasing annually at 28 %. ( if anyone doesn't know what a DMF is then you need to find out because IMO this is the cornerstone of the sector, property values just keep things inflation proof)So Im so with Beagle on this, Craig's have got it wrong. Doesn't matter to them though, they'll be able to charge their clients on the selling and later on the rebuying

[bull....]

Resale margins will contract in Auckland and Tauranga but will always be in keeping with general building inflation. It's just that it was so unsustainably fast paced up to 2017 in these regions.There is still truck loads of embedded value to catch up on as the units resell from prices set 6 years ago.

the word they use is "contract" it is not "collapse" ,or "petter out".
SUM resales are in top condition and will be linked closer to a new build price rather than something second hand.

Also, most importantly, the resale margins are becoming far less of their profit proportion. In 2015 SUM started making more from its DMFs than resales . Now , it's 150% more and increasing annually at 28 %. ( if anyone doesn't know what a DMF is then you need to find out because IMO this is the cornerstone of the sector, property values just keep things inflation proof)So Im so with Beagle on this, Craig's have got it wrong. Doesn't matter to them though, they'll be able to charge their clients on the selling and later on the rebuying

property prices are forecast to fall slightly in auckland , tauranga or bop is still + and some other districts and plateau most rest of the country and a few pockets of strenght going forward. anyway soft market and rising costs equal less margin. i dont agree with you dmf will make up for loss of margins from development.

breaking below support now next support 5.50

[BlackPeter]

property prices are forecast to fall slightly in auckland , tauranga or bop is still + and some other districts and plateau most rest of the country and a few pockets of strenght going forward. anyway soft market and rising costs equal less margin. i dont agree with you dmf will make up for loss of margins from development.

breaking below support now next support 5.50

.. and 46 shares sold already for 5.90: RUN FOR THE HILLS - the bull is charging!

What a luck he can't be everywhere - OCA shows nice signs of recovery 3 cents up to $1.03 ;

[bull....]

.. and 46 shares sold already for 5.90: RUN FOR THE HILLS - the bull is charging!

What a luck he can't be everywhere - OCA shows nice signs of recovery 3 cents up to $1.03 ;

bp sum is still outperforming oca price wise this yr even after recent falls

[couta1]

Nothing new under the sun here, just a typical market overreaction, seen it all before and will see it again.Lol

[Ggcc]

$5.80 and dropping I wish I had some money available to buy more, but it looks like it may drop further as those in fear dump

[BlackPeter]

bp sum is still outperforming oca price wise this yr even after recent falls

I guess you find for any pair of shares a time window where one or the other wins in order to support your story. But why not take a bit more meaningful comparison - If we look at both since OCA's listing, than OCA is currently nicely ahead.

+OCASUMCapture.PNG

Clearly - SUM has some catching up to do ;

[couta1]

Oh my goodness Beagle the RYM/SUM ratio curve has inverted below the 50% line at 48% as we speak, it's a screaming buy for sure.

[Beagle]

Buy buy buy

[Onion]

Buy buy buy

Bids have dried up. Currently something like 10 times more for sale than have buyers!