Summerset Group
Summerset Group Holdings was listed on the NZX in 2011 and the ASX in 2013. The company is a developer and operator of retirement villages in New Zealand with more than 5,500 residents across 31 retirement villages throughout NZ.
The company recently announced plans to expand into the Australian market through two land acquisitions which they are planning to develop new retirement facilities on.
The company employees more than 1,500 people and has a market capitalisation of over $2 billion in 2020. Julian Cook has been the CEO of Summerset since 2014.
Company Details
Registered Office:
Level 27, Majestic Centre, 100 Willis Street, Wellington 6011
Postal Address:
PO Box 5187, Lambton Quay, Wellington 6145
Telephone:
+64 4 894 7320
Facsimile:
+64 4 894 7319
Website:
www.summerset.co.nz
First Listed:
01/11/2011
Balance Date:
31 December
AGM:
26/04/2023
Directors and Executives
Dr Marie Bismark
Independent Non-Executive Director
Stephen Bull
Independent Non-Executive Director
Venasio Crawley
Independent Non-Executive Director
Robyn Heyman
Company Secretary
Fiona Oliver
Independent Non-Executive Director
Scott Scoullar
Chief Executive Officer
Grainne Troute
Independent Non-Executive Director
Mark Verbiest
Independent Chairman
Andrew Wong
Independent Non-Executive Director
William Wright
Chief Financial Officer
Announcements
| Title | Date | Type |
|---|---|---|
| ASX Appendix 2A | Thu, Mar 27 2025 10:44 am | SECISSUE |
| Notice of Allotment of Securities | Thu, Mar 27 2025 08:30 am | SECISSUE |
| ASX Appendix 3A.1 – Updated for DRP Strike Price and AUD FX | Mon, Mar 24 2025 09:44 am | OFFER |
| DRP Strike Price and AUD FX Rate for 2024 Final Dividend | Mon, Mar 24 2025 08:30 am | OFFER |
| Notice of Meeting | Fri, Mar 21 2025 08:30 am | MEETING |
| ASX Appendix 2A | Tue, Mar 11 2025 09:43 am | SECISSUE |
| Notice of Allotment of Securities | Tue, Mar 11 2025 08:30 am | SECISSUE |
| Ongoing Disclosure Notice (Scott Scoullar) | Mon, Mar 10 2025 11:26 am | SHINTR |
| ASX Appendix 2A | Mon, Mar 03 2025 03:53 pm | SECISSUE |
| Notice of Allotment of Securities | Mon, Mar 03 2025 03:43 pm | SECISSUE |
Major Holdings Announcements
| Date | Name | No. Held | % | Current |
|---|---|---|---|---|
| 31/08/23 | Fisher Funds Management Limited | 13,375,316 | 7.22 | 5.74 |
| 02/05/23 | New Zealand Superannuation Fund Nom | 11,687,398 | 4.98 | 5.02 |
| 24/03/23 | Harbour Asset Management Limited an | 18,489,209 | 6.93 | 7.93 |
| 05/08/22 | Harbour Asset Management Limited | 11,552,193 | 8.27 | 5.00 |
| 04/02/22 | Milford Asset Management Limited | 11,323,399 | - | 4.92 |
| 03/08/21 | The Vanguard Group, Inc. | 6,643,365 | 5.00 | 2.90 |
| 19/08/20 | Accident Compensation Corporation | 11,319,999 | 5.04 | 4.96 |
| 06/05/20 | Milford Funds Limited | 12,006,954 | - | 5.27 |
| 15/03/19 | Jarden Partners Limited. | 16,136,639 | 8.25 | 7.16 |
| 16/10/17 | Cooper Investors Pty Ltd | 10,924,594 | 5.06 | 4.90 |
Director’s Interests Announcements
| Date | Name | No. Held | % | Details | Other |
|---|---|---|---|---|---|
| 26/09/23 | Venasio Crawley | 4,318 | - | - | - |
| 26/09/23 | Marie Magdaleen Bismark | 24,967 | - | - | - |
| 26/09/23 | Grainne Troute | 25,843 | - | - | - |
| 07/09/23 | Scott Scoullar | 457,559 | - | - | - |
| 24/07/23 | William George Graeme W | 195 | - | - | - |
| 24/05/23 | Fiona Ann Oliver | 9,700 | - | - | - |
| 21/09/22 | Anne Urlwin | 32,046 | - | - | - |
| 06/09/22 | Mark John Verbiest | 11,500 | - | - | - |
| 20/04/22 | Stephen John Bull | 6,700 | - | - | - |
| 29/03/22 | James Ogden | 39,707 | - | - | - |
| 11/05/21 | Robert James Campbell | 10,320 | - | - | - |
| 01/04/21 | Tania Smith | 8,012 | - | - | - |
| 02/03/21 | Julian Cook | 2,266,803 | - | - | - |
| 02/11/17 | Andrew Wong | 10,500 | - | - | - |
| 09/09/16 | Norah Kathleen Barlow | 509,795 | 0.23 | - | - |
Analysts’ Forecasts
| profit2021 | profit2022 | eps2021 | dps2021 | sales2021 | ebit2021 | ebitda2021 | |
|---|---|---|---|---|---|---|---|
| mean | 177.8 | 202.1 | 75.9 | 27.1 | 460.2 | 207.9 | 217.5 |
| high | 186.7 | 202.1 | 76.5 | 30.2 | 460.2 | 207.9 | 223.4 |
| low | 168.8 | 202.1 | 75.4 | 24.0 | 460.2 | 207.9 | 211.6 |
| sample | 2 | 1 | 2 | 2 | 1 | 1 | 2 |
Disclaimer
Data on this page is from BusinessDesk and NZX Ltd for information purposes
only. Details are believed to be accurate but no warranty is given as to
accuracy, timeliness, reliability or completeness. No person should rely on
the contents of the report and all persons should obtain independent
professional advice before acting on any information connected with or
contained in this report.
Last
Updated: 19/09/2023
Markets News
Economy
Pricing and cost expectations may raise RBNZ eyebrows
ANZ Bank chief economist Sharon Zollner: the lift is "becoming a little disconcerting".
Primary Sector
Who is Mainland Group's chair-elect Liz Coutts
From CEO at 31 to one of NZ's most sought-after directors.
Markets
Market Close
NZ sharemarket down 0.1%, but AIA up 11c
The S&P/NZX 50 Index closed at 12,270, down 17.46 points or 0.14%.
Markets
NZME delay shows the company is out of ideas: Grenon
"That's really the best move they've got, isn't it?" Jim Grenon says.
Markets
NZME board drama: shareholder showdown delayed
NZME says crunch governance meeting will now be in June after it received legal advice.
