SUM - Summerset Group

[couta1]

5.50 today?

I love Lemmings, they are so cute before they hit the cliff bottom.

[Blue Skies]

5.50 today?

Sentiment changes with the breeze, fundamental drivers do not.
Talk to any Public Health Specialist or Public Health analyst & there is deep concern about the numbers of a greatly increasing aging population who who will have all the chronic health conditions which come with old age & will have difficulty looking after themselves in their own homes. It is being referred to as a 'public health emergency', their words not mine.

[BlackPeter]

5.50 today?

Instead of filling the thread with a running commentary of your current most pessimistic guesses it would be more interesting to learn where you would see the SP next week, next month, next year - and why?

SUM has according to analyst consensus a forward EPS of 66 cents over the next 3 years (this year it was 97 cents, thanks to revaluation gains) ... Which turns at current SP into a forward PE of below 9 (soon below 8). Actual (this years) PE is even lower - close to 6! Any growth it might have on top of that is free.

Some people are able to recognise a bargain ... others are just following the jittery line describing the past movements of the herd. Nobody will ring for them a bell when the SP is bouncing back ;

I don't know whether this will be tomorrow, next week, next month or next quarter ... but I am pretty sure it will happen.

Discl: hold a medium size parcel and intend to buy more when it looks like bottoming out.

[couta1]

For those thinking they can trust the market to be correct re this latest drop, think about these 4 companies(AIR/HGH/SML/HLG) who had over corrections not so long ago.

[minimoke]

Sentiment changes with the breeze, fundamental drivers do not.
Talk to any Public Health Specialist or Public Health analyst & there is deep concern about the numbers of a greatly increasing aging population who who will have all the chronic health conditions which come with old age & will have difficulty looking after themselves in their own homes. It is being referred to as a 'public health emergency', their words not mine.

Oh, how some forget teh findings of a report that came out a couple of years ago.

"The total non-Māori population aged 80+ is projected to increase by 74 percent from 2010 to 2026.While the number that are independent will increase by 74 percent by 2026, the number needing long interval care is estimated to increase by 74 percent from 50,605 in 2010 to 93,161 people in 2026.
The number of non-Māori needing short interval care is likely to increase by 75 percent (an increase from 9,481 in 2010 to 16,546 in 2026). The number needing critical interval care will increase by 74 percent by 2026, corresponding to an increase of 5,728 people.
Head of Population Health, Professor Ngaire Kerse, says the findings are significant because planning for the future service provision is needed to allow people to manage at home. “It is clear from this report that the rate of change in the population is greatest for Māori, and this will present challenges for Māori society. The greatest numbers are in the older non-Māori population.”

Our health system is not being built to have an aging population in hospital. The focus is on having people as independent in their own homes for as long as possible. And then a pathway of care the keeps them from public care.

As time goes on, the aging are going to realise it is much easier to get care when you are in a community that makes it easy for Carers and support services to get to.

People are also going to start realizing, form their experiences, that living alone and isolate when you are older than your prior generations is not something to look forward to. Living longer does have draw backs.

[Beagle]

For those thinking they can trust the market to be correct re this latest drop, think about these 4 companies(AIR/HGH/SML/HLG) who had over corrections not so long ago.

SUM people told me AIR was only worth $1.50 lol. Thank God he gave me a half reasonable brain so I can think for myself.

Despite all the doom and gloom merchants telling us the real estate is broken, about to fall off a cliff, due to go in to a sustained downtrend for many years or whatever other work of future fiction they want to conjure up the facts tell us the market has moved into a state of balance between buyers and sellers and the national average price is tracking up at basically a little above the rate of inflation.

These armchair experts who think they can accurately preach this doom and gloom prophecy must have some very special fortune teller degree skills that I've never heard of before.
Obviously basic economic theory is not part of the curriculum and basic laws of supply and demand don't come into this.
Immigration continues at high level's and Kiwi build is a pathetic joke...but of course these facts are irrelevant lol

One day in the near future this will bottom out and I will double down and do handsomely well going forward from there.

[bull....]

Instead of filling the thread with a running commentary of your current most pessimistic guesses it would be more interesting to learn where you would see the SP next week, next month, next year - and why?

SUM has according to analyst consensus a forward EPS of 66 cents over the next 3 years (this year it was 97 cents, thanks to revaluation gains) ... Which turns at current SP into a forward PE of below 9 (soon below 8). Actual (this years) PE is even lower - close to 6! Any growth it might have on top of that is free.

Some people are able to recognise a bargain ... others are just following the jittery line describing the past movements of the herd. Nobody will ring for them a bell when the SP is bouncing back ;

I don't know whether this will be tomorrow, next week, next month or next quarter ... but I am pretty sure it will happen.

Discl: hold a medium size parcel and intend to buy more when it looks like bottoming out.

isnt 5.50 my guess for where the share price is going , if i new which day of the week it would arrive there i would be richer than buffett and probably be on my island somewhere

[777]

But if you had an island then you would worry yourself stupid about rising sea levels.

[peat]

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

[couta1]

But if you had an island then you would worry yourself stupid about rising sea levels.

You mean the 1mm rise every 10 years followed by the 1mm per decade drop after 100 yrs.Lol