I have allowed for a 20% discount to the last MET valuation of $7.00 which is on the pessimistic side - so new NTA will be $5.60.
A re-negotiated deal will see a price of between $5.60 to $6.00.
That's my take anyway.
Printable View
Not sure if this is already posted, but there is some serious bad blood between metlifecare and APVG.
https://www.google.com/amp/s/amp.rnz...a-a6b5acb27139
Jeez is it worth it. Such a court case would suggest that the offer was way above value, in the first place. Maybe MET should settle out of court, and go for costs etc, and a little extra to boot. After all a takeover offer does cost the offeree quite a bit in time and valuations, consultants etc. Perhpas that is the most likely outcome.
Sometimes you have to check yourself. Are we being too exuberant about the value of MET. Maybe, but I think with the coming inflationery impact of government spending and the ever increasing older population (unless we reneg and go the way of sweeden) MET is a good hedge against what may be to come in our economy. I'm getting to an age where I will have to consider retirement villages sooner rather than later. We just dont have an alternative, its all or nothing. Just a fact that you cant avoid. My mother in Law is still in her own home, but her kids just wish she had done something a lot sooner. Perhaps MET may not be the golden goose, but it will hold value better than cash in the months to come.