SUM - Summerset Group

[JeremyALD]

Good update overall. Nice to get some guidance and theres not a huge spread in forcast so they must be pretty confident.

[JeremyALD]

Has SUM ever missed guidance?

[winner69]

If SUM had same profit multiples as RYM it's share price would be $6.75

I'd be happy with 6 bucks .....soon that is

the other way round is RYM at $5.00 if priced at SUM multiples ...no way

[winner69]

Has SUM ever missed guidance?

Not that I can remember ...never disappointed

They did better than guidance for F16

[BlackPeter]

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.

Am I under cross examination? I thought I covered that.

OK - good we established that you meant "preventable" instead of "unpreventable" despite saying the latter. When I read your original post I just thought you had a dry sense of humour, but it looks like the problem lies deeper. You throw quite concerning numbers around without any base ... this is how malicious rumours are started.

So let us see:

How many "preventable" deaths did occur last year in Aussie rest homes?
How many did occur five years ago?
How has the rest home population changed during that time (i suppose it grew)?
How many preventable deaths occurred in Aussie 5 years ago outside of rest homes?
How has this number changed over the last 5 years?

You don't know? So, what is the meaning of the rumour you are spreading? Even if the numbers are correct, they are absolutely meaningless without context.

Maybe the number of preventable deaths increased from 1 to 10 but there are 100 less preventable deaths due to more old people moving into a rest home instead of struggling for themselves?

Lets help you: I found a potential source for your rumour:

https://www.theguardian.com/australi...ed-in-10-years

So - it was not 10 folding in 5 years but 4 folding in 11 years. As well - the authors note that the reporting base significantly changed during the last decade, making the numbers not really comparable. 10 years ago it was still considered much more normal that old people might die at some stage ... while today basically any external cause of death (including fall and suicide) is considered "preventable".

So, yes - maybe there is something the rest homes can learn from the report, and I am sure that there are things which can be improved. However - is it really the report which is shocking - or more the rumours spread based on it?

While I realise that sulfuric acid is quite corrosive - lets try to use this property in future a bit more constructive - shall we?

[winner69]

Can we please get back on topic

This is SUM thread on the SUM share price - not a thread to discuss the morbid ins and outs of Aussie retirement villages.


Today SUM announced they are going to have a boomer of a year ......and the SUM share priced gapped up today - that's good

[Bjauck]

...

Lets help you: I found a potential source for your rumour:

https://www.theguardian.com/australi...ed-in-10-years

So - it was not 10 folding in 5 years but 4 folding in 11 years. As well - the authors note that the reporting base significantly changed during the last decade, making the numbers not really comparable. 10 years ago it was still considered much more normal that old people might die at some stage ... while today basically any external cause of death (including fall and suicide) is considered "preventable".

So, yes - maybe there is something the rest homes can learn from the report, and I am sure that there are things which can be improved. However - is it really the report which is shocking - or more the rumours spread based on it?

Good research and examination of the validity of a sensational headline. When mud is thrown, it goes everywhere and ends up with collateral damage.

[couta1]

Good research and examination of the validity of a sensational headline. When mud is thrown, it goes everywhere and ends up with collateral damage.

Yes good work BP, let's leave the Aussies to their own model and problems and focus on our superior continuum of care model.

[Beagle]

If SUM had same profit multiples as RYM it's share price would be $6.75

I'd be happy with 6 bucks .....soon that is

the other way round is RYM at $5.00 if priced at SUM multiples ...no way

...and that's before we consider the fact that RYM is growing at 13% and SUM at 31% and not just based on latest data, consider the divergence of their respective growth rate averages over the last 5 years, (RYM 15% SUM 48%) Something tells me the PE divergence should be the other way around !

Can we please get back on topic

This is SUM thread on the SUM share price - not a thread to discuss the morbid ins and outs of Aussie retirement villages.


Today SUM announced they are going to have a boomer of a year ......and the SUM share priced gapped up today - that's good

Agree 100%

Yes good work BP, let's leave the Aussies to their own model and problems and focus on our superior continuum of care model.

Amen to that mate.

[Joshuatree]

Pretty strong response . 2nd highest vol of the year; almost at the 30DMA. Still in a bear mkt though if you follow T/A. Hoops post on investment strategies thread.