You two are just grumpy because you dished Metlifcare but it keeps going up :p.
Best Wishes
Paper Tiger
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But if you ignore the peak back in Jan and draw some lines from mid Feb you get an Ascending Triangle which break UP more often than down and when they break up the average price rise is 37%. So says Tom
On the back of couta's inside intelligence and the chart probably showing a bullish pattern SUM is screaming BUY BUY BUY BUY - about time as still below where it was 6 months ago
So SUM over 450 come the Q3 announcement
Just remember you read it here yoda
If it drops to $3.40 I'll be picking up some more. There's the second quarterly sales coming out early July - not sure how that will affect the price. As others have mentioned it's probably the third quarter results which will be the most significant showing whether the new build is being converted into sales.
I put some spit and new special polish on my crystal ball which now shows projected 2014 profit at $26m.
EPS growth of 18%, historical PE of 35....pretty much on a par with Ryman's fundamentals.
Fair value.
Last time was 27 September 2013 when both closed at $3.17, one of only five days when SUM as equaled or bettered MET closing price:
Attachment 5919
Best Wishes
Paper Tiger
I reckon a bounce off $3.30 intra-day to settle mid $3.30's before moving back up again, its tracking pretty well with these peaks and troughs as it moves consistently sideways.
Has massively underperformed comparatively :(