Sales numbers aren't the only thing to bear in mind. SUM are improving margins as they build more with in house teams. So sales might be good not brilliant, but earnings look better than good.
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Sales numbers aren't the only thing to bear in mind. SUM are improving margins as they build more with in house teams. So sales might be good not brilliant, but earnings look better than good.
Reasonably large off-market trade at 4:31pm for $3.45. Anybody know what's up? Maybe ACC cashing in to buy GEN?
I think what your thinking Goldstein. I have this funny feeling that it will have a big spike in price (GEN), then settle again once the GEN hype is over... good in the short term (for GEN)... I'd rather be in the retirement industry, then the electricity sector... especially as currently (free to change my mind) I don't much like natural disasters/acts of mother nature... (I think a retirement village would be better insured for this type of possibility). I have consulted my tarot cards and consulted with The Moon Man for my DYOR.
I hope it all goes well for the speculators with GEN, in the long run, it will go well for Summerset. Be a good time to top up... good for those with cash... maybe those selling out from XERO (ouch).
92 sales. A bit disappointing really
New sales will obviously be limited by available stock, do we know how many units they are holding unsold?
Im reading that in 2013 they built 209 yet sold 228.
So perhaps with hobby etc now being built we will see sales of new units later in the year.
On a positive note, if Qtrs are to be compares, sales of existing units are up from 25 to 44.............
Q1 sales can be slow for a variety of reasons,it is normally a slower period for resales post festive season talking to the sales reps,though a bit dissapointing nothing to worry about in the grand scheme of things,expect a better Q2 result IMHO