If you think of it as a $8.18 share you will be fine.
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I topped up at very close to $7 in February and again in March 2018.
I think this is one of the safest and most highly likely (double your money in the next few years) opportunities on the NZX. Sure there's other opportunities but I like the way management are cautiously and steadily growing this business and then there's the obvious demographic tailwinds. On a PE basis I think SUM is still very good value when you consider their track record of EPS growth.
Happy to back them to do well in Australia when they believe the time is right.
Despite hitting another all time high today I have no interest whatsoever in selling. Technically and fundamentally this is looking very very good and I remain with a price target of just over $9 one year from now, could be more but time will tell.
Property market looking pretty healthy these days. The bit of downturn in activity seen last year seems to over and number of sales on the rise again ....and prices looking pretty good as well
SUM might beat beagles $100m earnings on this
http://www.sharechat.co.nz/article/c...-up-priceshtml
https://www.stuff.co.nz/national/hea...ement-villages
Massive demand predicted for Wellington region
I still dont know why SUM arent climbing into BOP