And they still insist on charging residents for capital losses unlike Sum and Rym
Printable View
We are only about 6 months into the Infratil/Superfund buy in. As with Shell/Z I am imagining they had a plan/vision for MET when they bought their stake. Not all IFT's purchases pay off but with the support of Superfund, they had two heads checking over the strategy. Patience may be needed to see a turn around for MET.
Outside of the conversation mill and Metlifecare quietly rises...
Best Wishes
Paper Tiger
good to hear the planned build rate is on track ..
https://www.nzx.com/files/attachments/193031.pdf
Wasn't the Poynton the village they've struggled to sell for the last 4-5 years?
hmm - you sound quite angry ... did you loose money with them?
I guess they came from a different business model (buying existing villages instead of building new ones) and just recently changed ownership, board composition and build targets. Sure - they didn't complete their 2015 promises in 2014, but I still see this as a positive announcement. Why not cut them a bit slack until they had a chance to prove what they promised?