In your own good time you may wish to share wish us your "next opportunity".?
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Nice little increase over the last few days, glad I bought in. Seems the market has liked the last 2 announcements.
Added to the NZX50 from 24 December.
Plus CEO Norah Barlow is a finalist in the Herald's Business Leader of the Year. All good ...
Does anyone have any indication of when SUM will start paying dividends?
I see they already have a DRP. ( http://www.findata.co.nz/Markets/NZX...tment_Plan.htm )
I seem to remember either hearing or reading it would be at the end of this year.
Interesting fact.
When Ryman had a market cap of roughly $485 million in 2005 (what Summerset is now) it was making about 24 miilion in profit. Summerset makes 6 million. Rymans return on equity was around 12.5% while Summerset is 1.8%
It could be a swift tumble if things turn sour/people lose hope in SUM.