SUM - Summerset Group

[Food4Thought]

Sub $4 share price? Not likely, it may plataue a little, for a short while. I think fear will cause a few smaller holders to bail and the big boys will keep chewing up what ever the market will feed them. Seems to be the common story here. Not disappointing at all IMO. Very happy holder

[TFA]

If you look through past metrics, sales of occupation rights are "lumpy" through the year. A slow quarter can happen from time to time.

The quarter metrics are definitely less than one may have hoped, but if you read the statement they have affirmed the 400 guidance and make reference to expected increase as the year goes on when more stock comes online.
New sales will have to average 108 for the next 3 quarters to hit the target they have affirmed compared to this quarters 75

[OldGuy]

Quarterly results vary depending on the amount of new units completed in the quarter and how many people move on. The most important thing is after last years 55% increase in underlying profit which was a huge jump, early sales are tracking in line with last year and they confirmed that overall for the year they are on track to deliver 400 new units, (compared to 300 last year), 33% growth this year in new build which is where make most of their underlying profit. I also expect to see some further improvement in development margins so we look set for a substantial uplift in underlying profit for 2016 even on the back of last year's 55% increase. I guess you can either focus on a single quarter or have some vision, (really not that difficult), and see where the company is headed.

Are you regurgitating some of my old post near-verbatim?

[Beagle]

They will already have heaps of pre-sales for the new Ellerslie site which will open in the last quarter so rather than expecting some sort of linear result I think people would be well advised to simply trust that they're going to deliver 400 newly built units this year. To the best of my knowledge they have never failed to meet previous build guidance.

[Beagle]

Are you regurgitating some of my old post near-verbatim?

LOL...the truth doesn't change eh ..just have to keep educating the young ones who won't read anything other than the last few pages

[BlackPeter]

Actually - reasonably pleased with the results and happy with the outlook. Decided to trust my spreadsheet more than market sentiment and bought some more at a price I consider as good value ...

[NZSilver]

I'd say there will a bit of weakness in sp, I'm out and prepared to wait for a better buying opportunity. Each to there own.

[couta1]

I'd say there will a bit of weakness in sp, I'm out and prepared to wait for a better buying opportunity. Each to there own.

You'll get it once the NZX has a wee correction, too dear currently IMO.

[NZSilver]

You'll get it once the NZX has a wee correction, too dear currently IMO.

Yep so so report + market weakness and its going to be all go. Going to have a bit of cash ready for a few stocks i have m eye on.

[Beagle]

You'll get it once the NZX has a wee correction, too dear currently IMO.

You could be right about the market overall mate but I remain of the view that based on relative valuation to MET and RYM and based on consensus forecasted earnings and growth rates SUM is the best investment in this high growth sector.