SUM - Summerset Group

[Beagle]

Sales result is okay...people taking longer to sell their houses in Auckland is expected. I'm looking forward to hearing the narrative at the annual meeting and discussing things with Julian afterwards. I like how they're acquiring a lot of land in provincial New Zealand and I would expect that has been happening at very attractive prices.

[sb9]

Market doesn't like reported numbers.

[winner69]

Market doesn't like reported numbers.

Share price just reverting to 50% of Ryman's ...just a little way to go

Fairly valued now

[winner69]

Market doesn't like reported numbers.

Maverick panic selling in a bid to bet the rush to the exit


New sales only half what he expected .....sure to be disappointed

[LAC]

Market doesn't like reported numbers.

Il be waiting with my hands out

[winner69]

Total sales of 137 is lowest / worst quarter sales since Q1 2016

[bull....]

Market doesn't like reported numbers.

yep slowing property markets are not good for these retirement stocks

[couta1]

Share price just reverting to 50% of Ryman's ...just a little way to go

Fairly valued now

Hopefully not the dreaded inversion aye winner.

[bull....]

a look at the charts shows it was in a down trend , the bump up recently was due to it being oversold. a break below 6 would be very bearish

[Beagle]

What some of us have learned before is not to read too much in to one quarters sales result. The company still posted very good profit growth in FY18 despite lower sales.
Its just taking longer for people to sell their homes so they can move into a SUM unit. This shouldn't come as a surprise to anyone.