6 sites now I wonder what number this stock will have in front of it in around 4yrs time? My biggest holding by far 50% of portfolio and proud of it, go Summerset
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For those looking to get in I advise you do so before Sums full year result next march, I think once the market realizes the true value of the company you won't ever buy the stock at these prices again, I kicked myself for not buying Rym at $3 and look where it is now, will be the same for Sum so don't be timid
Kewl, no seller depth, perhaps we'll find our next point to hover at for a couple of months.
SUM is a funny beast, a bit of action (either way) every couple of months, just slowly climbing, which I'm happy with, its not a traders stock as there's not enough movement, so I'm happy to watch it jump a few percent every couple of months and then sits ... then same again a few months later.
SUM, the ultimate teacher of patience,
[QUOTE=Mista_Trix;450261]Kewl, no seller depth, perhaps we'll find our next point to hover at for a couple of months.
SUM is a funny beast, a bit of action (either way) every couple of months, just slowly climbing, which I'm happy with, its not a traders stock as there's not enough movement, so I'm happy to watch it jump a few percent every couple of months and then sits ... then same again a few months later.
SUM, the ultimate teacher of patience,[/QUO Your right but ive got the feeling we may see a substantial jump next year
Your right mistatrix but I've got the feeling we may see a substantial jump next year
Bought some more at $3.25 (avg price $3.30). Unless there are major changes in structure I'm taking a 5-10 year view on this one.
Great to see them diversifying away from Auckland. It makes the company more resilient. Happy with the low divvy if they are doing that sort of investment.
It is good news, reasonable sites both on the outskirts, but with quite longish walks to the Hornby and Papanui shops/malls respectively. I do hope SUM time the construction well so as not to catch the peak constraints and pricing during the rebuild.
Having said that, I know from first hand exp that it is really not very easy at all to find any form of quality accommodation, it's an extremely competitive market in shaky town at the middle to top end, and I wouldn't be surprised if SUM were to demand a nice price premium for elderly folk moving into very nice Christchurch retirement units.
Onward and upward.
Wasnt a cheap purchase , any chance we see a capital raising at some point?