SUM - Summerset Group

[RRR]

so how do you go about getting the someone who can do something. storm there front office

Change to a full service broker! Market in a correction mode (here is hoping) and you might get it cheaper, be very patient

[tosspot]

Well that's kind of the point.

I can pick up the phone and talk directly to my authorised financial advisor, not a call centre jockey. They specialise in this sort of thing. Whereas a call centre jockey wouldn't have a clue. They are tasked with identifying why your clicking on a buy order isn't working on the website, or why your funds haven't transferred across accounts. They don't get any briefings, understand the companies listed or anything like that.

Being polite doesn't even enter into it.

If you want to get access to placements or interesting IPOs in volume, then you need to have a relationship with someone you can pick up the phone with and tell them you want XYZ amount of shares. And they will try to get it for you.

The price for this, plus the research and services you get from a quality broker, is reflected in the fees they charge, which naturally is higher than Direct or ASB Online.

If you dont mind me asking who do you use and do you pay for direct contact with a specialised broker or are there good brokers out there that the contact number goes straight to a broker not a call centre

[Hoop]

Summerset Group Holdings Limited advises that the strike price for the

dividend reinvestment plan (DRP) operating in respect to the dividend payable

on 20 March 2013 has been set at $2.5963 per share.

Ouch!!!

[RRR]

Brokers must be loving it after a long time! Now, they are in demand. Back to good old days of irrational exuberance! Not in a bubble territory yet but I am just a retail investor with a small pocket!

[tosspot]

So now that the placement is completed and the halt concluded (SP opened at 248), any thoughts as to how low this might go? What was the discount on Sky TV and how close to that (or over) did the SP go? ATM went a bit below it's placement price over time right?
I ask because I have a small bid in at 245 - but looking for advice based on experience as to what the SP might go to?
Cheers.

I think its only going back up from here. Everyones trying to swop in on a quick profit. Buy side looks very supported below 2.50

[JayRiggs]

The SkyTV placement was at 4.80.
When the trading halt was lifted, it did go as low as 4.85 on market, then up from there.
After the TradeMe placement last yr, I think it traded slightly below the placement price before moving on up.

I think we'd be lucky to get SUM @ 2.42 or under on market.

[Hoop]

NO technical damage..2.48 support held See my chart post #213...so view this price drop as an opportunistic entry level... put my money where my mouth is...accumulated some more this morning

[winner69]

Yup me too. Started my holding in SUM today. Had to pay a bit more than the 2.45 bid I had in early today but happy with my entry price none the less.

well done turmeric .... many will say you won't regret your decision .... whats afew cents in a few years time when you have doubled your money

[Bjauck]

Back when Summerset was listed, my broker said that it would be an unspectacular "plodder" and was not cheap! My first ever equity investment was a subscription in the Infratil float despite a warning from my then broker, who said it would be a "boring" utility play. So, from experience, I should have known to ignore the broker advice against "plodders" and bought a Summerset holding earlier..... but I took a small plunge today! The insider buyer alert was the clincher for me.

[percy]

Back when Summerset was listed, my broker said that it would be an unspectacular "plodder" and was not cheap! My first ever equity investment was a subscription in the Infratil float despite a warning from my then broker, who said it would be a "boring" utility play. So, from experience, I should have known to ignore the broker advice against "plodders" and bought a Summerset holding earlier..... but I took a small plunge today! The insider buyer alert was the clincher for me.

Some of us are very lucky having an excellent broker.
I must admit posters on sharetrader have made me much more alert to what is going on.
sparky is a breath of fresh air,hoop keeps us "on the trend line"and many like mcduffy,winner69,lizard and balance keep us honest.