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11-06-2017, 08:49 AM
#4871
Originally Posted by percy
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.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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11-06-2017, 09:09 AM
#4872
Originally Posted by winner69
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.
Last edited by percy; 11-06-2017 at 09:20 AM.
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11-06-2017, 09:16 AM
#4873
Something I've considered about SUMs (very far away) future. The units would suit young people.
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12-06-2017, 08:06 AM
#4874
Originally Posted by Lewylewylewy
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.
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12-06-2017, 11:00 AM
#4875
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12-06-2017, 11:16 AM
#4876
Originally Posted by Lewylewylewy
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.
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12-06-2017, 11:26 AM
#4877
Originally Posted by 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.
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12-06-2017, 11:37 AM
#4878
No retirement sector on the NZX.
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12-06-2017, 11:42 AM
#4879
I thought Oceania and Arvida were the only 'true' retirement/care like companies (that are listed)... and the rest were all property development companies?
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12-06-2017, 12:16 PM
#4880
Originally Posted by 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?
Easy mistake to make......lol.
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