SUM - Summerset Group

[h2so4]

Here is a shocking statistic from Aussie. In the last 5 years preventable deaths in rest homes has increased 10 fold. No I do not have a link to it. Hearsay from a doctor referring to some medical report.

[Joshuatree]

There are lots of investor biases. One, confirmation or myside bias is seeing only what you want to see to support your position. I hope a rigourish review and scrutiny makes our 5 companies better at what they do with our elders or else big trouble ahead. The 4 corners programme is a great opp to test our own models against and make any necessary improvements.And they will be tested.

[BlackPeter]

Here is a shocking statistic from Aussie. In the last 5 years Unpreventable deaths in rest homes has increased 10 fold. No I do not have a link to it. Hearsay from a doctor referring to some medical report.

And most of these people died lying in their beds. Incredible how stupid people are - in the middle ages they managed this risk by sitting in their beds (didn't help, though ...). The world is a dangerous place ... and life always ends with death.

[Jay]

Could numbers in rest homes have also increased by X % !

[h2so4]

No mate its people that don't receive their medication or have a fall that sort of preventable death.

[Joshuatree]

If you can find a link would be helpful h2so4.You mean "preventable" deaths don't you? I do suspect stuff like that happens. A less mortal example. This elderly lady at a care centre lost her lower denture; 6 days later a family member looked under the head of her bed and there it was 15cm in.!!!? No one bothered to look ,or to clean.

[couta1]

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.

Spot on, people on here need to stop comparing us with Aussies (Except that Ryman are kiwi trailblazers over there, offering a different model to their current one) NZ Audit standards are incredibly robust in this industry and care standards are by and large incredibly high.

[h2so4]

If he sends me the link I'll post it. Yes I meant preventable. You guys. Ha!

[BlackPeter]

No mate its people that don't receive their medication or have a fall that sort of preventable death.

You talked about unpreventable deaths, though ... make up your mind

[Beagle]

SUM people are missing the main point today. 2017 PE based on $75m underlying is only 14.2 for a company proving they can grow at 30% in a flat-ish real estate market.
Cheep, Cheep...said the budgie That's a PEG ratio of less than 0.5 based on 2017 growth and a PEG ratio of less than 0.33 based on average underlying profit growth of 48% since listing. Complete this sentence...you can lead a horse to water...