But let face it - given that this is according to beagle analytics such a terrible stock, why would they want to buy at $1.15 - or at whatever price? Something does not compute ...
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Maybe you should ask them but here's a possible theory. Maybe they will figure because it'll be the only stock left in the sector shortly trading at NAV (with MET about to disappear) ? What could possibly go wrong buying a retirement stock at net assessed value :D...or could it be the yield in this ultra low interest rate environment...who knows what institutions and others might be thinking or whether they're thinking at all and just reallocating MET money within the same sector ?
Been offered at $1.20 .No thanks.
Do minority shareholders have ANY rights in a share placement scenario, or do we have to just bend over and take it...
...if you are well connected (like Joshuatree) you’ll get offered some at $1.20
This really is a case of somebody with heaps of shares selling out and using a broker or two to sell them in an orderly way. Institutions / Fund Managers will probably take most.
If they don’t all sell the Underwriter has guaranteed to buy those left over.
So it’s really a matter of anybody having any rights or whatever you were alluding to.
89 million in Craigs hands temporarily. Thats a lot of shares to hold even if you've raised your target price ;+)
No vested interest in doing that is there :D http://nzx-prod-s7fsd7f98s.s3-websit...676/315877.pdf Even for those that are naïve enough to accept this new theoretical target at $1.26 at face value as a 12 month price target, its hardly a compelling proposition for $1.20 on the table now is it ! Pretty sure a lot of that stock will find its way into various brokers "full client discretionary" managed funds, not just because there's a fat brokerage and underwriting fee... of course not lol
I couldn't agree more. Further, they will be well aware of how sales at the various villages have gone in just over 8 weeks of the key selling period of summer since the half year report date of 30 November 2019 but are "rather conveniently" keeping that information to themselves. This dog is definitely not getting on the other side of a transaction and swimming with that big shark, once bitten twice shy and I'm staying well clear !