SUM - Summerset Group

[fish]

When the SP has gone beyond reasonable value, either over or under, and one wants to decide where and when to take a position, hold, or exit (partially or wholly), the charts are very helpful. They discount emotion and present facts, albeit historic. Nothing can say precisely what will happen tomorrow.

revert to 2. It's too late, the damage is done, tomorrow may just be ignominy day if it reverts upwards. Just hold, strength will come again in time.

So what's the strategy? It depends on ones situation. We all make our own decisions. Use the SP only to inform the strategy, not to define the strategy.

Yet another insightful post from so many insightful people..
You cant beat experience and lively interested minds
My situation-approaching retirement and a large amount I could invest through margin lending leaves me sitting on my hands why I wait to see what is going to happen.
The sp will be much better in the future even if it drops lots more shrt-term but thats no good for me as I might not be here then-conversely it could be after the next election-no one knows.

[Entrep]

Yep great words Baa_Baa

[Snow Leopard]

...So what's the strategy? It depends on ones situation. We all make our own decisions. Use the SP only to inform the strategy, not to define the strategy.

Some friends of mine first said this way back in '79, and have repeated it many times since:



Best Wishes
Paper Tiger

[airedale]

With a Latin name like Status Quo I thought that I would hear an Italian tenor singing perhaps Nessun Dorma. But alas

[winner69]

With a Latin name like Status Quo I thought that I would hear an Italian tenor singing perhaps Nessun Dorma. But alas

Not Italian but Jeff Beck does amazing version of Nessun Dorma

Alas - no words


https://www.youtube.com/watch?v=CZXIVMdXsVU

[Snow Leopard]

With a Latin name like Status Quo I thought that I would hear an Italian tenor singing perhaps Nessun Dorma. But alas

Ignoring the fact that Francis Rossi (of Status Quo) had an Italian father, here, just for you:



Though what this has to do with the Summerset share price beats me, unless you are thinking:

"Il nome suo nessun saprà! e noi dovrem, ahime, morir!"

Best Wishes
Paper Tiger

[Beagle]

Taking the emotion out of it and looking at whether this is a SUM problem or a sector problem
52 week high vs current price
RYM $9.86 / $8.44 down 14.4%
MET $6.46 / $5.47 down 15.3%
SUM $5.62 / $4.69 down 16.5%

Conclusion, for most of the listed operators that make most of their money through development on new units and resale's of same, this is a sector wide correction.
It appears to be predicated upon a general concern regarding a slowing of real estate prices, (the evidence suggests this isn't nearly as problematic as some might imagine, perhaps a case of perceived future risk ?), and to some extent in SUM's case, exacerbated by their articulation of construction cost challenges in Auckland at the recent annual meeting. Worth noting that they confirmed at that meeting they're on track this year regarding development margin and build rate target.
I believe management are working hard on strategies to overcome the challenges they outlined.

[BlackPeter]

As far as I am concerned it looks like there are some real buying opportunities coming up. Question is just ... when?

[macduffy]

As far as I am concerned it looks like there are some real buying opportunities coming up. Question is just ... when?

No hurry. Just be patient and wait for the tide to turn.

[couta1]

As far as I am concerned it looks like there are some real buying opportunities coming up. Question is just ... when?

Consult with the Trumpet.