SUM - Summerset Group

[winner69]

I guess I should not really comment on Pushpay, as I find I can not value any share that is not yet profitable,but like you, I believe their business model is laying the foundations for a vey successful business.The first sight of break even,and I think they will be up up and away.Hopefully with me onboard too at that time.!!!!..lol.

With Pushpay I'll keep the faith then

And as long as SUM keep on building the business model will enrich us all .....probably wont be around if the merry go round ever stops.

Looks like we are well positioned on both fronts.

[percy]

With Pushpay I'll keep the faith then

And as long as SUM keep on building the business model will enrich us all .....probably wont be around if the merry go round ever stops.

Looks like we are well positioned on both fronts.

Yes we will miss seeing what happens when the merry go round stops.I will be pushing up daisies,while you will be looking down from above.? lol.
Maybe it will continue for 40 years? Who knows?
At that time I would expect the model will become like a normal property company,and instead of profits from resales of right to occupy ,they may have to lease/rent units.
I would expect by that time,SUM will own thousands of units.
Maybe units will be leased/rented to young people.?
Then the companies will be vaued on rental income,rather resales profits.
I doubt any one will be building such villages,as I don't think there would be a development margin to make it worthwhile.
In the meantime trying to correlate SUM to a property company, or property valus is totally misleading.

[Lewylewylewy]

Something I've considered about SUMs (very far away) future. The units would suit young people.

[dobby41]

Something I've considered about SUMs (very far away) future. The units would suit young people.

Breaks the business model big time.
Young people would be in for far too long and the company wouldn't be able to recycle the unit quickly enough.
I'm sure that's why RYM have a age limit of 70 to get in - less time in. Ideally you want people to stay just as long as the time for the maximum 'deferred maintenance' fee to kick in - less refurbishment costs and quicker turnover.

[Joshuatree]

In the meantime trying to correlate SUM to a property company, or property valus is totally misleading.

Other choices for what sector SUM is in if not the Property sector
Resource sector.? SUM is mining for Gold teeth nah
Industrial? Are they using the retirees as slave labour making widgets; maybe but don't think so
Entertainment sector? The set for a new "Prisoner " TV series; that would work

Commodities sector, well i guess a lot of inhabitants go fishing a lot so maybe.

[Bjauck]

Something I've considered about SUMs (very far away) future. The units would suit young people.

You would think there would be a market for 55-70's age group. Perhaps empty nesters, still working, who want a low hassle and lock up and leave place in a secure area with similar residents.

[percy]

Yes we will miss seeing what happens when the merry go round stops.I will be pushing up daisies,while you will be looking down from above.? lol.
Maybe it will continue for 40 years? Who knows?
At that time I would expect the model will become like a normal property company,and instead of profits from resales of right to occupy ,they may have to lease/rent units.
I would expect by that time,SUM will own thousands of units.
Maybe units will be leased/rented to young people.?
Then the companies will be vaued on rental income,rather resales profits.
I doubt any one will be building such villages,as I don't think there would be a development margin to make it worthwhile.
In the meantime trying to correlate SUM to a property company, or property valus is totally misleading.

For JT.
Retirement Sector.

[Joshuatree]

No retirement sector on the NZX.

[trader_jackson]

I thought Oceania and Arvida were the only 'true' retirement/care like companies (that are listed)... and the rest were all property development companies?

[percy]

I thought Oceania and Arvida were the only 'true' retirement/care like companies (that are listed)... and the rest were all property development companies?

Easy mistake to make......lol.