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  1. 26-09-2019, 02:42 PM #841
    Beagle
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    Ahem, cough, cough...because we all know Forbar's valuation are the gold standard...What time is it ?, yes that's right you guessed it, Time for a Tui
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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  2. 26-09-2019, 08:05 PM #842
    alex f
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    LOL, who would take much notice of Forsyth and Barr's analysts "valuation"

    In 2017 their top five picks (published in national papers) included....

    Evolve Education (which they were joint lead managers of the IPO, with GS)
    CBL Insurance (which they were joint lead managers of the IPO with UBS)
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  3. 26-09-2019, 08:49 PM #843
    trader_jackson
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    I remember, years ago, sum laughed at the prospect that the ol' dog Arvida would have the same (or even close to the) share price as heartland... suddenly not that far fetched anymore.
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  4. 27-09-2019, 09:06 AM #844
    trader_jackson
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    Quote Originally Posted by Beagle View Post
    Ahem, cough, cough...because we all know Forbar's valuation are the gold standard...What time is it ?, yes that's right you guessed it, Time for a Tui
    Sure is, I looked at sum other share price targets...
    Nearly fell off my chair when I saw them have a $7.10 rating for SUM, they really do like to be optimistic don't they
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  5. 27-09-2019, 09:16 AM #845
    Beagle
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    Arvida only covered by Forsyth Barr so we don't know if their estimate is out of line with the market because no other analyst bothers with them !
    On the other hand SUM warrants reasonable analyst coverage and the consensus is outperform with a price target of $6.91 https://www.marketscreener.com/SUMME...438/consensus/. On that basis Forbar at 19 cents too optimistic so you might get to $1.55 in 12 months time if you're lucky
    I am sure you would have noticed I didn't translate this into percentage terms
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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  6. 09-10-2019, 04:06 PM #846
    trader_jackson
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    https://www.nzx.com/announcements/342378

    Now this is smart... that Queenstown purchase sounding and looking better each and every day.
    And the share price, currently at $1.48, looking cheaper and cheaper
    Last edited by trader_jackson; 09-10-2019 at 04:08 PM.
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  7. 11-10-2019, 12:04 PM #847
    dabsman
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    $1.50.. maybe $1.70 odd valuation is correct...
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  8. 15-10-2019, 02:13 PM #848
    trader_jackson
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    $1.52 and counting... wow less than 10 cents away from Heartland... when I proposed such a thing a few years ago (that ARV would get close, and possibly exceed heartland's share price) I was (figuratively speaking) laughed out of the room... how things have changed.
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  9. 15-10-2019, 02:18 PM #849
    Ggcc
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    Quote Originally Posted by trader_jackson View Post
    $1.52 and counting... wow less than 10 cents away from Heartland... when I proposed such a thing a few years ago (that ARV would get close, and possibly exceed heartland's share price) I was (figuratively speaking) laughed out of the room... how things have changed.
    Come on no one likes a gloater. I know you have done well in this company, but people tend to learn more from losing than they do winning at picking shares. I like to think I have learned soooo much lol
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  10. 15-10-2019, 02:41 PM #850
    dabsman
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    The interesting thing with this share is it very slowly moves up but when others are being battered it tends to stand its ground. I was so close to selling out about 6 months ago but found some other money to tip into SUM and then the ARV rights issue came along so dug out some more money and both shares have taken off
    Last edited by dabsman; 15-10-2019 at 03:17 PM. Reason: Typo
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