SUM - Summerset Group

[bull....]

make hay while the sun shines as they say as the heat on the sector in AUS heats up , in todays paper

"Elderly people have no status. Everybody knows that once you get old and you retire, you don't have any rights as elderly people."

Opposition Leader Bill Shorten went on the front foot and condemned the exploitation of vulnerable people.

"A nation that treats its old people in the manner in which we saw on television [ABC's Four Corners] last night should be ashamed of itself," Mr Shorten said

Yes once public opinion swings the politicians get on the bandwagon and the unregulated get regulated - the ball is rolling - make hay why the sun shines

http://www.canberratimes.com.au/busi...27-gwzncg.html

[King1212]

You never know, the SUM share price might even go up today

Maybe even GAP up - I like that

But then impending property crash and the huge increase in the wage bill from next week could see it decline further. Not a good sector to be in at the moment I'm told.

yes..a sector to wait and see at the moment until the property market show a direction.

[Beagle]

Summerset has a fantastic 94% satisfaction rate amongst its residents. Whenever I've been in a Summerset village the staff seem very professional and friendly and residents seem very contented.

[couta1]

make hay while the sun shines as they say as the heat on the sector in AUS heats up , in todays paper

"Elderly people have no status. Everybody knows that once you get old and you retire, you don't have any rights as elderly people."

Opposition Leader Bill Shorten went on the front foot and condemned the exploitation of vulnerable people.

"A nation that treats its old people in the manner in which we saw on television [ABC's Four Corners] last night should be ashamed of itself," Mr Shorten said

Yes once public opinion swings the politicians get on the bandwagon and the unregulated get regulated - the ball is rolling - make hay why the sun shines

http://www.canberratimes.com.au/busi...27-gwzncg.html

You can't compare Apples with Oranges, NZ have a completely different model to the Aussie companies ie It's called Continuum of Care. PS-We don't like following the Aussies now do we, eg Think CGT.

[bull....]

Summerset has a fantastic 94% satisfaction rate amongst its residents. Whenever I've been in a Summerset village the staff seem very professional and friendly and residents seem very contented.

its easy to be confused by residents appearance - most docile people look content

[janner]

its easy to be confused by residents appearance - most docile people look content

Just look at the average NZ resident...

[Joshuatree]

To be fair; i think some of the 4 corners programme may be unbalanced, worth reading AOG's right to reply Aveo's response to Fairfax/Four Corners but yes some things need sorting out for sure. I do wonder if the retirement/care/prop industry won't be as rosy an investment going forward but still think its a good investment and better for it after being scrutinised and improved esp for elderly folks rights and self respect.

With the NZX having 5 such companies listed we had better get the model sorted!

[bull....]

You can't compare Apples with Oranges, NZ have a completely different model to the Aussie companies ie It's called Continuum of Care. PS-We don't like following the Aussies now do we, eg Think CGT.

Pay day comes to these operators when a resident moves out or dies.

[Mickey]

Boom! 480 on opening....

[Beagle]

its easy to be confused by residents appearance - most docile people look content

Ask Couta1. He has the most experience on here interacting with residents at SUM villages and I am sure he will confirm that by and large they're satisfied customers.