Good to see some major institutional support coming for SUM.
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They have their balance wrong.
FBU's share price is the same today as it was 10 years ago.[or near enough].
What is known as a serial under performer.
And if you read the history of Fletchers, you will see they have gone from one disaster to another.Its in their DNA.
does the superfund own any shares in other retirement village?
https://www.nzsuperfund.co.nz/public...quity-listings
Arvida & Summerset appear to be on there.
Obviously think ‘highly’ of SUM as have more there than RYM but MET their biggest by far.
FNZ flying a kite for SUM and MET merger, maybe superfund think there's great synergies with SUM's development skills and MET's asset base and massive head office cost synergies.