SUM - Summerset Group

[percy]

Hell, she's taken off. Bugger I sold out the other week, as I said, I found my next opportunity. Anyway, good health and cheers to those who are holding.

In your own good time you may wish to share wish us your "next opportunity".?

[NZSilver]

Nice little increase over the last few days, glad I bought in. Seems the market has liked the last 2 announcements.

[artemis]

Added to the NZX50 from 24 December.

Plus CEO Norah Barlow is a finalist in the Herald's Business Leader of the Year. All good ...

[gonzo56]

Does anyone have any indication of when SUM will start paying dividends?

I see they already have a DRP. ( http://www.findata.co.nz/Markets/NZX...tment_Plan.htm )

[percy]

I seem to remember either hearing or reading it would be at the end of this year.

[gonzo56]

I seem to remember either hearing or reading it would be at the end of this year.

Cheers Percy. You always reply to my posts when no-one else does Thank you.

[artemis]

http://www.nbr.co.nz/article/summers...cast-wb-134413

[gonzo56]

A nice sounding update for the market, though it barely moved the needle on the shareprice - only up 1 cent to $2.27, with intraday trading up to $2.35 at one point.

I think investors should wait and see the earnings, which I anticipate being good news as well.

The earnings will have to be good; the p/e ratio is an inflated 112!

[ENP]

Interesting fact.

When Ryman had a market cap of roughly $485 million in 2005 (what Summerset is now) it was making about 24 miilion in profit. Summerset makes 6 million. Rymans return on equity was around 12.5% while Summerset is 1.8%

[gonzo56]

It could be a swift tumble if things turn sour/people lose hope in SUM.