Q4 sales metrics were posted on 8 January last year....taking longer this year because they have to run it past the PR spin merchants to try and make a silk purse out of a sow's ear
Looks like a silk purse - but no sow's ear. You can't say this is a pig of a result.
Maybe humble pie's on the menu today.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
Magic ... if my maths is right, than this makes for the year a total of 286 new sales (vs 228 in 2013) and 172 resales (vs 174 in 2013). Given that the number of empty units is very low (26) do I not think that we can hold the slightly dropped resales number against the company. Just shows that (despite some bad-mouthing on this thread) the residents like the service and flourish under the provided service ... and like to hang around. Good stuff!
Congratulations to Summerset and the SUM management team - great they are able to show that they managed to move on from the governance blunder of their board in earlier 2014!
Discl: holding (and bought some more during the time the shares have been cheap - looking forward to a friendly SP recovery ...)
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"Prediction is very difficult, especially about the future" (Niels Bohr)
I added to our holding at the open $2.92.Was prepared to go to $2.95 so pleased.
Has brought our average to approx. $1.42ps.
I note the share price has moved above both the 50 day EMA $2.79 and the 200 day EMA $2.96,so looks as though we are back in the new uptrend?
Makes for a nice paper gain for today...
Not surprised, yet very welcoming news and positive spin to todays start. SUM's up a good start for the year for this company.
Good result for one quarter out of fourbut on a 12 month view its down just on 20% while the market is up 17%...so a relative underperformance of 37% !!!
Yep sales overall for the year are up modestly but expenses for the first half were also well up so if one assumes that expense trend to continue in the second half maybe circaa flat EPS result for the year depending on tax situation.
Somewhere around 10 cps underlying EPS puts SUM of a 2014 PE of 30. Cheap for a stock that's not materially growing EPS ? Not it my book.
Originally Posted by winner69
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