SUM - Summerset Group

[Beagle]

Can we please lift the tone on this thread.

[whome]

Take a deep breath people. SUM, and some other retirement stocks, may be frustrating but keep it seemly.

[King1212]

Take a deep breath people. SUM, and some other retirement stocks, may be frustrating but keep it seemly.

Yes it it will be frustrating. I think all listed retirement companies Share price, will stagnant till the property market shows a direction. The only new horse that I bet on is OCA..which I believe still under valued? Consider to get in OCA...

[Bjauck]

Don't often agree wuth Hosking but this morning he was right on - the property market in the media is not the property market in reality.

Too many have been sucked in by the media (some on here)

This has resulted in adverse market reaction to the retirement sector - but presented a great investment opportunity for those not sucked in. Reality will win out in end

The media including Hosking like a sensational beat-up. The sector has tail winds but if Auckland-level high prices keep out first home buyers, resulting in fewer owner-occupiers, then wouldn't that be a long-term negative for the likes of SUM?

[couta1]

The Herald put their little sensation article up on SUM just before 1pm, that's sure to drop the price a bit and flush out a few more weak hands. They must be getting desperate to put an article up on quarter metrics.

[winner69]

The Herald put their little sensation article up on SUM just before 1pm, that's sure to drop the price a bit and flush out a few more weak hands. They must be getting desperate to put an article up on quarter metrics.

Yep - headlines with 18% drop in it is pretty dramatic eh

[Bjauck]

The Herald put their little sensation article up on SUM just before 1pm, that's sure to drop the price a bit and flush out a few more weak hands. They must be getting desperate to put an article up on quarter metrics.

Haven't they reported metrics in the past? They had reported the guidance earlier:Summerset earnings may rise 33pc
http://www.nzherald.co.nz/business/n...ectid=11883014
So why not report on the metrics as well. Maybe I have become inured to sensationalism, but the NZH seemed to report the facts.

[couta1]

Haven't they reported metrics in the past? They had reported the guidance earlier:Summerset earnings may rise 33pc
http://www.nzherald.co.nz/business/n...ectid=11883014
So why not report on the metrics as well. Maybe I have become inured to sensationalism, but the NZH seemed to report the facts.

They could have titled the article, Summerset on track to build 450 units this year, as if, far too factual aye. PS-Im pretty sure this the first time that I can remember that they have bothered reporting on quarter metrics.

[Bjauck]

They could have titled the article, Summerset on track to build 450 units this year, as if, far too factual aye.

The news was the metrics and their headline was factual. The headline was in the same tabloid style as their previous report on the update at the end of June. The NZH is primarily infotainment, imho.

[Bjauck]

... PS-Im pretty sure this the first time that I can remember that they have bothered reporting on quarter metrics.

Ok. Maybe they deemed these metrics newsworthy coming so close to their report that "Summerset earnings may rise 33pc"