130,000 shares gone through already today in the first 10 mins of trading. Institutional buying for sure, still some way to run yet
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130,000 shares gone through already today in the first 10 mins of trading. Institutional buying for sure, still some way to run yet
430k now gone through, with a 100k single off market trade
Glad to be on board with this company and that I chose not to sell.
Close 543 - another solid day of gains
More to come I reckon
I always reckon Sum is worth around half of the Ryman share price when both are running hot(Ryman cold at moment) so that's means Ryman true value around $10.86 currently, at $8.50 I'd be loading the truck up big time, probably buy quite a few Sum as well at $4.25.
Interesting concept. Always interesting to find out different things
Chart is SUM share price (the blue line) while red dotted line is what % of RYM share price it was. Your 'half way' point is the straight line at 50%
For long periods SUM has been about 50% of RYM ....your method has some sense.
From mid-2013 to mid-2015 the relationship broke down. At one point SUM share price was only 30% of RYM share price. (either SUM was really 'undervalued' or RYM really 'overvalued'. Doesn't really matter but highlights (again) why getting into SUM during this time was the going to produce better returns (from a short/medium/long term trading perspective) than RYM until things 'normalised'. That is what I did - this just shows it another way
Yes the dotted line is heading up - wonder how far up it will go? If it goes above 60%/65% maybe time to switch to RYM (ha ha but I am opened minded). Worth updating every now and again
Thanks couta for bringing this up