LOL. Just poking the bears.
Printable View
Tough crowd to please....
Today's numbers were great imo. Long term its looking good guys.
Perhaps the recent rally of buying into retirement stocks led to an exhaustion of buyers..
I totally agree there Beagle with all your maths and thinking. I recall you and I speaking with Julian after the AGM and he was quite unconcerned about meeting exact annual build targets as he said some get delivered this side of the FY and others slightly into the next FY. I know you've said it plenty but it should not be overlooked that SUM aim for ~400 pa and intend to ramp that up to 600 in a year or two.
I'm quite surprised the share price hasn't reflected this very solid evidence yet. This is asurperb result confirming everything is better than hummming along.Perhaps it will once the Aussy markets get cranking.
If I wasn't so convinced that OCA will have Superb result in a few weeks , I'd be buying a few more SUM for the long term.
Disc:hold a ton of OCA, some SUM , some MET (just for the ride), but no ARV or RYM
Thanks Maverick. Like you I am very confident about the prospects going forward and see a good ramp up in the build rate in 2020 and further out.
Maybe some people have forgotten they are expanding into Australia as well ?
The other day I quipped about building a retirement village at Dunedin to stave off climate change for many years, (was just tongue in cheek) and then yesterday I realised that although I thought I knew SUM inside and out they already have one there lol.
Pretty cheap to retire there and beat the effects of climate change https://www.summerset.co.nz/find-a-v...-bishopscourt/
It is Friday...traders are wrapping up...wait till next week...imo...good time to top up today for those looking for solid company to invest
Well, yes, and congrats to all who bought in the mid $5's, mid year, (pat on back for myself too), but let's not lose sight of the fact that the shares were $8 in mid 2018 so have significantly underperformed the market in the last 18 months.
An estimated forward FY20 PE of just 13.9 for N.Z.'s proven fastest growing retirement stock is a very compelling valuation so fundamentally this looks very good and technically this is in a very nice uptrend.
Excellent hold based on compelling metrics and a strong outlook, in my opinion.