Reckon APVG will be back post lockdown (probably in 2021) with a new bid of say, $5.40 - 20% discount from NTA?
New shareholders will grab that kind of new offer with both hands.
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God almighty...how many people lost the money during this covid 19?
Once the dust has settled, it will be interesting to see where this stock settles. Now that we know the take over is off the table, will it actually head higher than it was when people were still in denial? It's been humming around 380 for the last few days, give or take, so I wonder with the take over uncertainty gone, if it will get back up to more realistic levels. If we go back to OCA as a reference, currently trading at about 66% of NTA, can we expect MET to track towards ~460 in the not too distant future?
Ive taken an initial parcel, no rush with that overhang. Up 24c a share atm but lets see what the final price today is im guessing it will be manipulated down or up;):t_up:. Prop stocks in general in for it over the next few months.
Also in the not convinced camp ..........but looks like todays happy hours is over
And don't forget that there were two other unsolicited expressions of interest in taking over Metlife - APVG moved its bid up to $7.00 (from $6.50) partly to head off any other competing bids.
At $3.50, MET has got to be in play again post the lockdown - as long as the retirement village sector does not have the same problems as those in Italy, ie. virus clusters.
Deals do not stop especially when there's going to be a lot of cheap money around with the trillions of dollars being pumped into the financial system. Prices will change for sure as nobody will want to pay pre-Covid19 prices.
Woof woof, I hear ya ! It also has the lowest gearing in the sector, the highest embedded value per unit in the sector and can easily slow down its development plans to ensure a better balance between supply and demand for units. Effectively one is buying (mainly Auckland), property at half price, which would be compelling if Mr and Mrs Beagle didn't have so much of it, (non listed) already.
Half price is half price though...Hmmm..if Winner's teddy bear has told him this is a great buy, what could possibly go wrong :D
:lol: :lol: I'm not back yet but I am not sure how much longer I can resist the temptation of a bargain or whether I should resist at all. Biting a big chunk out of those arbitrage boys is such a compelling thing, only worry is they bite me back and smack it back to under $3. Risk and reward looks pretty good at half price I have to say as I'd go again at under $3 anyway.