The tale of two cities, SUM down 0.2%, RYM up 1.5% currently, RYM not silly, they know quarter metrics are nonsense and don't report them.
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The tale of two cities, SUM down 0.2%, RYM up 1.5% currently, RYM not silly, they know quarter metrics are nonsense and don't report them.
A quick search reveals Previous reporting of metrics....
Apr 2017 (sales rise) http://www.nzherald.co.nz/business/n...ectid=11832291
July 2016 (sales booming) http://www.nzherald.co.nz/business/n...ectid=11670604
However I agree that the negative headlines are more grating...they should look for the happy positive angle :)
They got a beaut headline today
'It's too late': Seven signs Australia can't avoid economic apocalypse
http://www.nzherald.co.nz/business/n...ectid=11887313
Just curious...how many of previous posters view this company as an investment....like decades as opposed to a day by day by flick....the word retirement entity may be a clue...here....just saying
Wasn't Australia meant to go into recession about 3 years ago?
(I know it is the wrong thread to be discussing)
Although this question went ignored... Maybe the NZ herald saw it realised SUM was growing much stronger this time last year (no drop in quarterly sales).
7 July 2016:
"Our combined new sales and resales for Q2 were the most we have everachieved in a quarter, which has contributed to a record number of first half total sales," said Mr Cook. Sales in the second quarter were 28% higher than the same period last year"
(Summerset Group achieved 185 sales for the quarter ending 30 June 2017,comprising 108 new sales and 77 resales)
7 July 2017:
"New sales were driven by delivery timings for newly constructed retirement units, with 171 built over the first half of 2017 compared to new sales of 179. Resales continue to track well with available homes being sold quickly."
(Summerset Group achieved 152 sales for the quarter ending 30 June 2017,comprising 82 new sales and 70 resales)
No mention of records being broken this time, no mention of the drop either... but no worries, the hugest 2nd half is coming, you know it, we know it... everybody knows it folks. Back above $4.70 in no time.
I added a few more this week. In the years to come I know I'll look back and be very glad I did. Ideal retirement stock in more ways than one :)