SUM have really, really disappointed me in 2020. Enough said.
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SUM have really, really disappointed me in 2020. Enough said.
Go easy on yourself and Summerset, Beagle.
The whole sector shot up on the back of the Metlife takeover - suddenly they all looked cheap, they were also all takeover targets, and best of all, money was freed up from Metlife and recycled into the likes of Summerset.
Now the whole sector has been sold down so it's a question of relative value.
And we know where the relative value is - Metlife!
Thanks Balance.
Optics on this are pretty bad. Official company line is we can't tell you what the effect is on the business.
Julian Cook sells 250,000 shares and then the next trading day tells the Herald that there is a material impact on the business and that's why they took the wage subsidy.
Only admits to the Herald after he has sold what cost saving measures the company has taken.
https://www.nzherald.co.nz/business/...ectid=12326016
I had a nasty case of deja vu Summerset after reading this!
:ohmy: