NZX & ASX RELEASE
24 JANUARY 2014
TIMING OF FULL YEAR ANNOUNCEMENT
Summerset is pleased to advise that its preliminary 2013 full year financial results will be released pre-market on Tuesday 25 February 2014.
And there we have it
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We could be seeing a nice top up opportunity here right before the full year, softness in the Chinese economy doesn't affect Summerset's business at all, not one little bit, the respectful oldies just keep doing what they do, as do the good SUM folk working hard in the villages.
I would have thought that softness in the Chinese economy is relevant for SUM as it would be to the NZ economy as a whole. Simply put a bad or worsening Chinese economy will mean less income internationally. Given the highly leveraged NZ property market, this would result in a more than proportionately softer NZ property market. The retiring folk would have less money to buy into a retirement village.
So the Dating credit rating agency is hardly followed outside of China,business as usual after a small blip,keep building those units
I mean Dagong,these predictive spelling tablets are a pain
http://www.stuff.co.nz/business/mone...w-on-Summerset
FB rated SUM a hold. I find it interesting that the centres take a while to reach profitability. I would have thought that given the demand they would be largely filled by the time construction was completed. Pre sales are usually a major component of any development. At least they are "well positioned".
Great buying opportunity here today for those who have some spare money,get them while you can:cool:
You never know with the brokers which stocks they are flipping for clients at any particular time also, international or domestic.
What has been overlooked by Forsythe Barr, in their article at least, is the sales and marketing advantage Summerset have over the competition with their long standing position as the award winning market leader in the sector.
It may not be as hard to fill these new villages as some may think.