SUM - Summerset Group

[trader_jackson]

Hmm... I'm sure it was mentioned on here that Summerset "set their own prices" for their units? and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)

No worries

Back to $5 next week (3rd time I've said this in a few weeks or something... 3rd time lucky for sure)

[Lewylewylewy]

These shares won't return to their normal price until there is both an announcement from sum and some evidence (a reasonable time into the future, but just less than a year) that property prices aren't stalling as much as the media is suggesting, or that they've started going up again.

I'm picking that these will be $5.25 - $6 by this time next year, depending on the property news. If I had to guess, I'd say $5.38 this time next year. 😃

[JeremyALD]

These shares won't return to their normal price until there is both an announcement from sum and some evidence (a reasonable time into the future, but just less than a year) that property prices aren't stalling as much as the media is suggesting, or that they've started going up again.

I'm picking that these will be $5.25 - $6 by this time next year, depending on the property news. If I had to guess, I'd say $5.38 this time next year. 😃

Not necessarily. Prices ARE stalling but it doesn't mean SUM won't do well. Once the public connects those things together the SP will start moving back on up.

[winner69]

SUM will continue to make decent profits through thick and thin. Talk of a property crash and its impact on SUM is just that

The issue is what multiples are punters prepared to pay for SUM's profits ....not SUM's actual performance. Sentiment could still see SUM share price fall further or stagnate.

I'll leave it to others to comment on whether the current 'level of sentiment' is warranted or not.

Whatever SUM will still continue to build heaps of units and make heaps of money.

[winner69]

Good to see our friend Mr Ogden take an interest in the SUM bonds

[Beagle]

Not necessarily. Prices ARE stalling but it doesn't mean SUM won't do well. Once the public connects those things together the SP will start moving back on up.

SUM will continue to make decent profits through thick and thin. Talk of a property crash and its impact on SUM is just that

The issue is what multiples are punters prepared to pay for SUM's profits ....not SUM's actual performance. Sentiment could still see SUM share price fall further or stagnate.

I'll leave it to others to comment on whether the current 'level of sentiment' is warranted or not.

Whatever SUM will still continue to build heaps of units and make heaps of money.

+1, agree 100%.

[LAC]

SUM and RYM is a buy and hold for 30 years plan for me, so as long as it goes up over 30 years I will be happy
I have def been stocking up on SUM over RYM recently. Both great companies and both seem to be executing their plans well. RYM will be top pick because they have started outside NZ, but that also means SUM will head overseas at some point as well, growth is there just need to be patient

[Hoop]

Hmm... I'm sure it was mentioned on here that Summerset "set their own prices" for their units? and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)

No worries

Back to $5 next week (3rd time I've said this in a few weeks or something... 3rd time lucky for sure)

"...... and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)......"

???????

[Beagle]

"...... and also that the property market doesn't affect retirement stocks (never did to RYM back in 08 or something?)......"

???????

If I remember correctly, (forgive me its been nearly a decade) RYM got down to an underlying PE of 12 in the midst of the greatest financial crisis the world has seen since the great depression of 1929-1935 and most interestingly continued to post increased underlying earnings through the GFC. SUM is currently at 14 with no real evidence of a GFC MK2 ! Risks more than fully priced in ?

Winner, Anne Urlwin and James Ogden pretty conservative eh...should be loading up on shares not bonds at the current price !

[Raz]

If I remember correctly, (forgive me its been nearly a decade) RYM got down to an underlying PE of 12 in the midst of the greatest financial crisis the world has seen since the great depression of 1929-1935 and most interestingly continued to post increased underlying earnings through the GFC. SUM is currently at 14 with no real evidence of a GFC MK2 ! Risks more than fully priced in ?

Winner, Anne Urlwin and James Ogden pretty conservative eh...should be loading up on shares not bonds at the current price !

We didn't really suffer with GFC 1 and I would not discount GFC 2 and we will not miss out next time me suspects!