Good advice. Wait till the panic stops and then look to buy. Don’t rush in thinking it’s a bargain. It could drop another 50 cents for all we know
Printable View
now p/e 5.9
Is there any nz company like this p/e also paying net div %2.3 for a long time? Metro glass has p/e of 5.85.
So market values sum=mpg. Quite strange I think.
Couta and others are right in that the current SP of SUM isn't important - unless one is a trader, and after all this is Sharetrader! - but there'll be some good buying here when the trend bends up again.
:)
BUY 14/11/2017 2,200 NZD 468
Seems like quite a short time ago I bought some for $4.68.
I wouldn’t be totally shocked should they head back there.
If they got anywhere near it....I’ll buy more.
I wonder whether it's driven by accounting issues. A cash back might be accounted for as a selling expense and buried in other expenses. Dropping the price would impact the development margin and impact a key operational metric. So how was the development margin calculated on finished but empty units again? Is it on the estimated value less the cost of construction?