Decided to exit. The risk for me now outweighs the extra 9 cents plus brokerage.
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Decided to exit. The risk for me now outweighs the extra 9 cents plus brokerage.
Seems to be a lot more downside risk now of APVG pulling the plug with a lame excuse like "resurgence of cases in NZ"
From memory there's 70 plus pages in the new agreement and I'd be really surprised if there wasn't some loophole either real or perceived that APVG couldn't use as an escape clause.
MET have already proved they're disinclined to engage in a multi year multi jurisdictional legal campaign and the agreement includes a specific clause where they agree the maximum damages are limited to $12.5m. I think if there's protracted widespread community transmission there's a good chance the deal will fall over. Maybe there would then be a fresh deal at $5 ?, (I am not kidding). Then we all have to work out if we want to be invested again in this company with the caliber of "leadership" and "governance" that's been on display in recent months.
I think if this deal falls the shares would need to be south of $4 to pique my interest again.
Still no sniff of any dividend or compo for all the past forgone divies the long suffering in MET have sacrificed ?
Attachment 11854
picture says a thousand words.
Cunning move. No chance whatsoever of a loss greater than 10 cents in my opinion. Chances of a ~ $2 profit are not as remote in my opinion as the market is pricing in.
Market, yet again is saying this is a done deal. Makes me wonder how many of those highly paid chief investment officers at the institutions buying this stock have actually read the new scheme of arrangement agreement and how many of them understand it ? I won't bother to ask how many have taken independent legal advice as to whether its a watertight agreement because the answer to that is self evident. Good luck mate. I'll probably climb back on board for another ride if it goes down to $4 again. Milking this yet again would be such a lot of fun :t_up:
As more and more Covid-19 cases emerge in Auckland, your chance of a 3rd time milking increases, Mr. Beagle.