Nursery and old folks home - good combo
I knew you couldn't resist the temptation - its been burning a hole in your pocket for so long
Get BlackPeter on board -that'll confirm MET as a real value play
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Come on Beagle show SUM balls and go Coutaish.
MET shareprice turned down when SUM collapsed from its highs
SUM share price has turned up - MET hasn't as yet ...but no doubt will
Good timing Beagle - guru you are but may regret not doing the coutaish thing
Nah, We've got a truckload of money in the Auckland property market already and MET's properties are mostly in Auckland. Makes no sense to go too much bigger but might double down on the original small punt if the emerging share price uptrend continues... Lets see what they have to say at next weeks annual meeting on 24th.
You guys know what they say about a rising tide lifting all boats, heck even OCA up today !
Shareprice gone gangbusters today ..up 4%
Beagle once again looks like he’s picked the bottom ...and he told us as well.
$30 million buy-back announced today. $500m of developments over the next 3 years. NTA just on $7.
http://nzx-prod-s7fsd7f98s.s3-websit...191/310478.pdf
"Hounded" up a few more today.
MET is going to be the star of the retirement sector stocks over the next year
Could be a good move reducing SUM and RYM and going overweight MET
Maybe thats happening going by today’s movements in these stocks.
Instos love getting their way
Was too cheap eh. Even though I didn't want too my nose for a feed was screaming at me to buy. Chart provides quite a bit of encouragement now as does the buy-back.
Not selling my SUM though. My sense here is a patient dog should get a good feed. http://www.sharechat.co.nz/article/e...-feedback.html
Wonder if this is some of the robust feedback they are referring too ? Posted 27 August 2019
I didn't hold back lolQuote:
What am I missing ? They think they've just reported a strong result, what's strong about it ?
The CEO and directors think its better to invest in building new units and make say approx. 25% development gains going forward than buying shares at $4.36 and make a 50%+ gain if they can get the shares back to NTA. Buy-back means less shares on issue and is quite obviously more eps accretive than building new units, surely this is perfectly obvious to anyone capable of putting numbers into a calculator ? I think the board are in denial about the seriousness of the discount to NTA issue..
Expenses have also grown at quite an alarming rate too. I think those two things mean this is a very good stock to avoid in this sector. Beagle
I think you're probably right. Looking to add even more...should have "done a Couta" in the first instance
https://www.tvnz.co.nz/one-news/new-...5+October+2019