SUM Summerset Group

[Basil]

Fallen right out of favor and joined the other two in the approx 50% of NTA dog box. I expect it and the others to languish around current levels until the almost endless malaise affecting the real estate market finally ends which I don't think is anytime soon. The gild rush in this sector is well and truly done and dusted.

[Shareguy]

Total new sales were in line with Q2 2025.  What no increase...

Summerset expects resale margins to remain in line with 2025 levels

https://www.nzx.com/announcements/475715

[winner (n)]

Total new sales were in line with Q2 2025.  What no increase...

Summerset expects resale margins to remain in line with 2025 levels

https://www.nzx.com/announcements/475715

Q2 news sales in line with pcp .... Not unexpected after Q1 new sales were up 34% on pcp. YTD up 13% on last year so tracking nicely

resale Margins in line with F25 is also pretty good

Still delivering 100's of new units ...so heading to the $20 NTA when current developments completed.

[Basil]

Q2 news sales in line with pcp .... Not unexpected after Q1 new sales were up 34% on pcp. YTD up 13% on last year so tracking nicely

resale Margins in line with F25 is also pretty good

Still delivering 100's of new units ...so heading to the $20 NTA when current developments completed.

Probably but the problem is if Mr market is still pricing them at 64 cents on the dollar to NTA 8-10 years from now that suggests only a ~ $13 share price a very long way into the future and with the pretty pathetic yield and very modest long term capital gain prospects who has the patience for that ?