6.30pm Business Segment of 3 News. Was one of the first mentions after the usual Xero bull****.
Printable View
Well I did my best in a noisy pub environment to fully explain the merits of SUM to those who attended the Auckland meeting on Monday night.
Not sure if my semi-drunken ramblings made much sense but for those that missed it SUM is growing at circa 50% per annum and are on a forward 2014 PE of just over 20, they're growing at roughly three times the rate of Ryman and have 5 excellent sites in Auckland, (RYM is capitalised at over 5 times the market cap of SUM so would have to have 26 sites in the lucrative high demand Auckland area to have the same profile. SUM's PEG ratio Price earnings to growth is less than 0.5. You can make a LOT of money out of finding a good stock on a PEG ratio of less than 1. O.5 is rocket fuel stuff. Now that our private equity "friends" are finally out of the way all the overhang is finally gone and we will see this puppy shine like the star its rapidly becoming. The incoming CEO has very good credentials and will be very keen to prove himself.
For those that think they've missed the boat, have you really ? The stock was $2.20 in January 2013 and earnings are growing at ~50% per annum so its not really like the stock is ahead of itself...
Yay, finally the SP took off. I guess removing the overhang by Quadrant really helped.
Disc: Hold SUM
So what are the ST.co.nz gurus valuing SUM at? ?
Go back a few pages, there was some great analysis by the senior members, such as Roger and the likes.
Glad I picked up a fair bit during last week after further analysis. Will look to free some funds up and add, perhaps see how the end of the week goes. But definitely a great long term stock :)
Looks like some traders were in for a quick buck!
Little trip down memory lane. These comments are from August BEFORE Quadrants exit, Karaka's approval and announcement of construction, Hobsonville's consent which is an important milestone for this large development and the recent excellent quarterly sales result. Sadly we no longer have Sparky's excellent input, (although quite why someone suddenly feels they need to leave completly rather than just measuring their time and input more carefully, escapes me), but I think he's on the money with $4.20 based on 2013 earnings so we could easily see this stock in the mid-late $4 range this time next year in anticipation of a strong 2014 year result.
Fantastic buying especially after this afternoon's pullback...
Always appreciate the analysis Roger!
Just topped up during that fluctuation :)
Great work on compiling those comments Roger
I appreciate your time and comments on SUM
It is very pleasing to see Roger posts on SUM.[and other companies]
A clever mind,who does excellent research and is willing to share with us.
I am sure all of us at the Auckland get together heard you clearly.
Am i the only one dissapointed how the price fall back to what it was at start if day? Why would everyone sell just as its getting traction.