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19-03-2018, 08:04 PM
#6201
Originally Posted by couta1
Always good to keep things simple Percy, the Proof of the Pudding really is in the eating, or not eating in the case of SUM.
SUM will have to get their puddings right if they ever want to be a success in Australia.
They love our Pavlova...lol.
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20-03-2018, 11:26 AM
#6202
Forecasting underlying EPS of $100m this year for 44.5 cps. At $7 that puts SUM on a FY18 PE of 15.7., still well and truly below the market average of about 21.
Those who think they've missed this opportunity with the modest recent run might like to consider whether with their very well proven track record of strong growth SUM deserve to trade at a discount to the market PE at all ? My target price one year hence is $9.30. Couta1's reversion theory has been consigned to the annuals of history, you read it from me first
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-03-2018, 11:31 AM
#6203
Originally Posted by Beagle
Forecasting underlying EPS of $100m this year for 44.5 cps. At $7 that puts SUM on a FY18 PE of 15.7., still well and truly below the market average of about 21.
Those who think they've missed this opportunity with the modest recent run might like to consider whether with their very well proven track record of strong growth SUM deserve to trade at a discount to the market PE at all ? My target price one year hence is $9.30. Couta1's reversion theory has been consigned to the annuals of history, you read it from me first
Couta's reversion theory has stood the test of time and is well proven, recent barking has not.
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20-03-2018, 11:55 AM
#6204
After a long hard look, swapped out my Pushpay stock for Sum today. Had a quarter of my Portfolio invested in THL, ATM, HLG, and PPH. My reasoning was, three pretty sure things, and one lottery ticket type (PPH) stock. After reviewing the numbers and giving it some thought, I realized SUM was BOTH a sure thing and a lottery ticket stock. If it just keeps growing like it's growing, that's great. But the tsunami of the need for elder care and housing is most assuredly coming. I think people sort of know it's a reality, but until it gets here it still feels kind of hypothetical. The P/E on this stock makes little sense to me, and this last run was a sort of "catch-up" in this regard. This stock fully meets my WWWD (What would Warren do?) standards.
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20-03-2018, 12:18 PM
#6205
Member
Just read about the massive shortfall of beds in Tauranga - where can I find land bank information for Summerset?
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20-03-2018, 12:46 PM
#6206
SUM still in catch up mode I think. Even at $8, it looks very attractive.
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20-03-2018, 12:54 PM
#6207
Originally Posted by dabsman
Just read about the massive shortfall of beds in Tauranga - where can I find land bank information for Summerset?
Page 17 might help you
http://nzx-prod-s7fsd7f98s.s3-websit...609/275030.pdf
Your homework ....what’s the answer to your question?
Good or bad?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-03-2018, 01:01 PM
#6208
Member
In 3 days, from 20 Feb to 23 Feb, Craigs had increased their target price from 6.4 to 7.7.
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20-03-2018, 01:11 PM
#6209
Member
Originally Posted by winner69
It seems to be an area they have little focus in for whatever reason. Only Katikati and it looks small. Maybe its a planned strategy or maybe they feel they moved too late. I would have wanted more exposure to this market but I'm happy with the pipeline as a whole. So the answer is - I dont know
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20-03-2018, 01:35 PM
#6210
Kaching Kaching Kaching - another $400,000 of underlying profit into the till today as 3 more sales are completed
Easy peasy .... on average have 3 sales a day (not counting weekend thats 750 for the year) and book about $133,000 underlying profiton each. The average underlying profit will probably be higher but I don't want to get to excited
Kaching every day = $100m underlying profit for the year ...good eh
What a business
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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