Quote Originally Posted by Beagle View Post
SUM things just don't make sense do they ! Like RYM consistently growing at one third to half the rate of SUM over the years but trading at a 50% PE premium.
Bean counters know eventually the numbers MUST do the talking and silly relativity theories will be exposed for the old wives tales they surely are.
Me, I reckon big city prices in Eastern Australia have reached peak affordability just like Auckland has and the chances of further gains over and above inflation in the medium term are slim to none.
Makes SUM people wonder if a little company building a fair bit in provincial N.Z. is the better bet...
Hey I will be laughing when Summersets sp catches up to Rymans. It will happen, but when? Who knows maybe Ryman sp might fall to a value of Summerset.