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30-05-2017, 11:32 AM
#4741
margin still to be announced so i reserve comment , but given the recent flurry of bonds it will need to have an attractive rate otherwise it might bomb.
For clarity, nothing I say is advice....
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30-05-2017, 11:37 AM
#4742
Tj I apologise for sounding unreasonable in earlier post. I meant to change what I said but you had already replied.
On saying that you do do seem to lose a bit of subjectivity and balance in your views - you are better than that
Cheers
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30-05-2017, 11:40 AM
#4743
Originally Posted by winner69
Tj I apologise for sounding unreasonable in earlier post. I meant to change what I said but you had already replied.
On saying that you do do seem to lose a bit of subjectivity and balance in your views - you are better than that
Cheers
I thought your post was completely reasonable, actually very honest.
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30-05-2017, 11:53 AM
#4744
Wonder if they're gearing up for the start of their Australian expansion ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-05-2017, 12:08 PM
#4745
Originally Posted by peat
margin still to be announced so i reserve comment , but given the recent flurry of bonds it will need to have an attractive rate otherwise it might bomb.
SUM have better credentials than SUM others
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-05-2017, 12:50 PM
#4746
Mr Market doesn't seem to like the idea of bonds. $4.85 and dropping.
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30-05-2017, 12:56 PM
#4747
Originally Posted by Jantar
Mr Market doesn't seem to like the idea of bonds. $4.85 and dropping.
Low volume, small holders doing the selling, probably old school thinkers who think any increase in debt is a bad thing/sign. A bond offer a bit outside of the square for SUM. PS-I was in that category myself a few years ago, until I realized it was flawed thinking. PPS-Take note, no big holders selling down, no Insto's selling either.
Last edited by couta1; 30-05-2017 at 01:10 PM.
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30-05-2017, 01:36 PM
#4748
indeed Couta1 - the bond issue (if successful) will diversify their capital base and likely improve performance metrics
For clarity, nothing I say is advice....
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30-05-2017, 01:42 PM
#4749
Originally Posted by Jantar
Mr Market doesn't seem to like the idea of bonds. $4.85 and dropping.
winner69, I see ARV is up?
People selling SUM shares before the $2.50 take over offer by SUM other retirement company?
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30-05-2017, 01:47 PM
#4750
Originally Posted by peat
indeed Couta1 - the bond issue (if successful) will diversify their capital base and likely improve performance metrics
Couldn't agree more.
On the matter of a dropping share price. Good. I hope it drops another 20+ cents and then I'll be ready. Can drop another dollar for all I am worried , will make for a very good opportunity for me. Long term I see a inexcusable reason for this business not to do well. I'n 3 years time.... in 6 years.
Disc. Hold a reasonable parcel and very happy with the performance - so I am biased in the fact I like this company. Happy long term holder
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