SUM - Summerset Group

[benjitara]

I bought a bunch at $2.66. I can see now that I didn't get enough.

I bought a few at $2.97. I can see now that I didn't get enough.

nice company to hold. the market simply didn't react to the half yearly all that much and now it's catching up

[Toasty]

I bought a few at $2.97. I can see now that I didn't get enough.

nice company to hold. the market simply didn't react to the half yearly all that much and now it's catching up

Lol. I like these types of companies over the DILs and XRO purely for the fact that they are solid performers that are reasonably easy to analyse and pay a dividend which I also like. Keeps the stress levels down.

[iceman]

Milford announcing this morning that they have become a substantial shareholder. Buying in in reasonable volume at $3.16.

[MAC]

Milford announcing this morning that they have become a substantial shareholder. Buying in in reasonable volume at $3.16.

It is interesting that Milford are buying on market rather than waiting for a Quadrant sell down, or, perhaps that's off the cards now for a while ?

[iceman]

It is interesting that Milford are buying on market rather than waiting for a Quadrant sell down, or, perhaps that's off the cards now for a while ?

Yes one would assume that Milford would have assessed that possibility first, so that is interesting. Maybe Quadrant is happy to hold on a bit longer ?

[CJ]

Yes one would assume that Milford would have assessed that possibility first, so that is interesting. Maybe Quadrant is happy to hold on a bit longer ?

Milford is struggling with places to put its money. For this reason, it is closing its number 1 fund. No doubt if Quadrant do sell, Milford will buy even more.

[Silverlight]

Milford is struggling with places to put its money. For this reason, it is closing its number 1 fund. No doubt if Quadrant do sell, Milford will buy even more.

Do Milford do KiwiSaver? This maybe the first signs of significant growth in the NZ funds management industry after years of consolidation (at the firm level anyway).

This is only good news for our capital markets long term.

[CJ]

Do Milford do KiwiSaver? This maybe the first signs of significant growth in the NZ funds management industry after years of consolidation (at the firm level anyway).

Yes. They are keeping their kiwisaver open but closing their normal "Active NZ fund" to new investors.

[CJ]

Do Milford do KiwiSaver? This maybe the first signs of significant growth in the NZ funds management industry after years of consolidation (at the firm level anyway).

Yes. They are keeping their kiwisaver open but closing their normal "Active NZ fund" to new investors.

[winner69]

Are those numbers released good or bad or just so so?