SUM - Summerset Group

[Leftfield]

Ok be honest now , own up, are there any smart money mums and dads (or small investors)on here selling down/out?.If so whats your reasoning and why do you think you're smarter than most of the SUM shareholders on here and invisible guests who read this everyday but never contribute? Disclose, still on the sidelines; is that smart?

While I wouldn't claim to be a 'smart money' person, I see SUM people gnashing their teeth at the recent lows, while others see it as an opportunity in the making. My portfolio is biased to riskier stocks and the present low SUM price gives me an opportunity to de-risk elsewhere and acquire a nice longer term div yield stock. That said, it is election year in NZ and I get the feeling that a higher cash allocation in portfolios is wise as I see SUM stocks slipping lower or going sideways for a while yet.

[Entrep]

Dropping due to Winston Peters possibly getting in, immigration down, and property taking a hammering?

[sb9]

Dropping due to Winston Peters possibly getting in, immigration down, and property taking a hammering?

Well put...

[777]

Strange then that the LPT's seem to have been rising over the past weeks.

[dobby41]

Strange then that the LPT's seem to have been rising over the past weeks.

LPTs don't have a relationship to residential prices.

[winner69]

Totally irrelevant to this thread (and SUM performance) but as some of you seem interested it appears as if house prices are still going - even in Auckland

From the REINZ

https://www.reinz.co.nz/Media/Defaul...May%202017.pdf

[Zaphod]

While I wouldn't claim to be a 'smart money' person, I see SUM people gnashing their teeth at the recent lows, while others see it as an opportunity in the making. My portfolio is biased to riskier stocks and the present low SUM price gives me an opportunity to de-risk elsewhere and acquire a nice longer term div yield stock. That said, it is election year in NZ and I get the feeling that a higher cash allocation in portfolios is wise as I see SUM stocks slipping lower or going sideways for a while yet.

Depending upon your investment horizon, SUM is still - in my opinion - a good LT hold stock, esp at current levels. I'm currently trying to worth through my cognitive dissonance about buying more of SUM given I'm already overweight in this.

[Beagle]

Totally irrelevant to this thread (and SUM performance) but as some of you seem interested it appears as if house prices are still going - even in Auckland

From the REINZ

https://www.reinz.co.nz/Media/Defaul...May%202017.pdf

This must be "fake news", real estate prices are supposed to be collapsing

[sb9]

Big volume crossing..

3

35

1:08:22 pm

473

900,000

$4,257,000

Off Market

[Leftfield]

Depending upon your investment horizon, SUM is still - in my opinion - a good LT hold stock, esp at current levels. I'm currently trying to worth through my cognitive dissonance about buying more of SUM given I'm already overweight in this.

Agree, the long term potential is good.
As I said "....SUM people gnashing their teeth at recent lows...while others see it as an opportunity..." I've been nibbling and adding SUM in the recent lows. I think it's just a question of time till the short term decline ends and the long term trend returns. However, it is also election year.....