I hold RYM and recently bought into MET as due to the speculative nature, has the potential to be re-rated up.
I have been planning on buying SUM below $3 but never have spare cash when it drops.
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Thansk for your replys. I will keep an eye on MET, the NTA to SP really makes me think there is potential.
I must admit to being a little surprised that the SP is still hanging around these levels.
I bought in April as I thought I could see that they were getting their act together and it does appear to be that they are starting to deliver.
Still Rome was not built in a day either.
Best Wishes
Paper Tiger
Carried out some research in the w/e and bought a small portion this morning. I feel investors are waiting to see consistent results before sp moves. Interms of value for money cf sum and rym, met its cheap, just a little more risk as the buisness model and management have resulted in varible past performance. Do they have a DRIP and can someone point me in the right direction of the significant shareholders list.
Cheers.
Annual report always a good place to start - sill show the top 20.
Apparently it has a Drip: http://www.dividendyield.co.nz/viewdetails.php?id=68
Cheers CJ, I owe you a beer!
The top 20 is stuffed full of nominee holdings and doesn't throw a lot of light on the Substantial Security Holders. When you cut through those I think the significant numbers are:
Retirement Villages NZ Ltd - essentially FKP Ltd - with 38.723%
Onepath NZ Ltd - ANZ - 8.833%
AMP 6.789%
ACC 5.019%
On of the brokers IRG recommends buy, FA twice as SUM. Was sceptical but bought small holding.
Hi Jasemc,
Have no idea, its just some people may be want to get out, got the div.