He sold 150,000 last November as well ..... told the NBR he needed funds for an exciting new venture ....and nothing to do with Summerset performance
Maybe the exciting new venture had another funding round
Wife has heaps of bonds eh
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What do folk think of the move by some retirement village residents to share in capital gains of their unit upon sale, and Consumer NZ saying some licence to occupy terms are unfair. The first could end up the law. A different model would be needed though cannot see any government forcing that retrospectively. An option would be a different model alongside the licence to occupy and people could choose which option they prefer.
Of course that would require suppliers. Who might not be inclined to take a haircut so would bump up ongoing costs to bridge any gap.
Rises in values will be the trigger for the unhappy residents (and their heirs). But we have had long flat periods in the past .... If values slow and residents are paying more ongoing they could be worse off.
End of the day, atm residents have to get independent advice, make their own decisions and freely enter into a contract. And then think it's Ok to change their mind.
What do folk think of the move by some retirement village residents to share in capital gains of their unit upon sale, and Consumer NZ saying some licence to occupy terms are unfair. The first could end up the law. A different model would be needed though cannot see any government forcing that retrospectively. An option would be a different model alongside the licence to occupy and people could choose which option they prefer.
Of course that would require suppliers. Who might not be inclined to take a haircut so would bump up ongoing costs to bridge any gap.
Rises in values will be the trigger for the unhappy residents (and their heirs). But we have had long flat periods in the past .... If values slow and residents are paying more ongoing they could be worse off.
End of the day, atm residents have to get independent advice, make their own decisions and freely enter into a contract. And then think it's Ok to change their mind.
Good Numbers https://www.nzx.com/announcements/370466
Not good - staggering
Record Q1 sales result for both new sales and resales.
and future looking good
Our waitlist is up 24 percent on a year ago, and 8 percent on the previous quarter, so we’re seeing that demand to live in our villages remaining very strong,”
Sales up 40% on pcp - pretty good effort
Like the historical chart below
ay past point of inflection now (applies here more than hat other company who uses the same phrase)
You'd have to think that with a sales increase like that reported half year profits going to look pretty good.
I was expecting to see the whole sector lift on those numbers. Nothing much yet
Over last 4 quarters SUM have sold 482 new units - heaps more than the 328 in pcp
They've indicated delivering about 550 new units this year (compared to 356 in 2020)
The way sales are going at the minute and the comments about the wait list it seems that they could sell all they do deliver