No worries mate, possibly Mrs Barlow selling down her remaining family trust shares so she can invest more in "market darling" EVO.
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A friendly invitation to attend and enjoy a beverage or two and lively discussion afterwards.
Couta1 and I will be there and thought this might be a good opportunity after the meeting for a sharetrader get-together for Wellington people to enjoy a chat afterwards.
All welcome.
I would join you if I could, but unfortunately not this time. Thanks. This is my long long term hold stock. At what stage will this become a $10 share..... Maybe 5 years???
I'd like to think SUM will be $10 in 3 years.
Underlying profit CAGR the past 5yrs has been 48%.
So assuming a conservative 25% on today's share price:
5.16 x 1.25 x 1.25 x 1.25 = $10.07 :t_up:
5 year average compound growth rate is 48%. Not beyond the bounds of possibility that they could enjoy another couple / few years of relative outperformance as they continue to lift their build rate, make ongoing improvements to their development model and continue to enjoy increasing efficieineces from greater critical mass. Just saying it could possibly happen mate, not that it WILL definitly happen.
Suggest you PM Couta1, he knows Wellington way better than me !