SUM - Summerset Group

[Huskeez]

New 52 week high! Clap clap clap

[Toasty]

Just something I was wondering about, and to quantify, I have done no research. All these retirement village operators have been building units through the years of the leaky building fiasco. Has there ever been any indications of possible issues at any of the villages? They look like fairly traditional builds but it was just a random thought. Apologies if this has previously been addressed or is inappropriate.

[tosspot]

Yea i just bought in at 2.74. I sold out at 2.59 just before the run this last week for ryman. realised this has higher returns so back to this. silly me should of just stayed. living up to my username

[Toasty]

In at $2.66 a few days ago. Already up to $2.80 today. I must admit that being part of the sharetader community has lifted my strike rate.

[tosspot]

lol, not really matey, we're all onto a winner here, short and long term holders. Mooses follow clowns you know...

UPDATE: Radar lock, incoming Bulls!

yip sure does look like its on the fast track to $3

[Snow Leopard]

Reading through the recent posts here it seems to me that Summerset has become:

the NEW SHARETRADER SPECULATIVE SHARE .

Best wishes
Paper Tiger

Disc: Own Some SUM

Disc: please do not be offended by this post unless you really want to be.

[troyvdh]

All I can say is ...thank goodness that folk on this site have never never ever been found to have been found "ramping"...a particular share.

Now if we could discuss CEN.......

[Huskeez]

Troyvdh, you surely aren't suggesting people would go out and buy shares because they read some comment on the internet from someone writing under a pseudonym?

Jonathan Lebed haha he had multiple

[Banksie]

Is this better than expected? Seems to me like they are down 1 unit on 2012 and less than the 95 sparky suggested. The new unit sales are well up though.

FY13 SALES OF OCCUPATION RIGHTS

	1Q13 Actual
New sales	64
Resales	25
Total	89

FY12 SALES OF OCCUPATION RIGHTS

	1Q12 Actual	2Q12 Actual	3Q12 Actual	4Q12 Actual	FY12 Actual
New sales	38	45	41	43	167
Resales	52	36	45	31	164
Total	90	81	86	74	331

[Banksie]

What we don't know is the revenue associated with sales - are they getting a bigger price that they were a year ago - the answer is likely yes, given we know new construction margins are increasing and the overall rise in the property market.

Also depends where these units were sold. The increase in Auckland property prices (10.4%) is much greater than those in Dunedin (3.7%) http://www.qv.co.nz/onlinereports/propertyvaluemap.htm.

Disclaimer: I am not feeling any less positive about this company, just trying to understand how to analyse the announcement by playing devils advocate.