Same with me
Even if sale doesn't happen MET hasn't got enough 'love' to ever make it attractive ...... even though its seducing some by its hidden beauty
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That rumour NBR spread yesterday hasn't done much to price today
GOTTA BUY MORE MET is a better ramp
"I can't help but refer back to my 5 year analysis which showed average growth in underlying profit across 2 stages of the property cycle of 15% per annum, better than RYM's underlying profit growth over the same period". The facts and numbers suggest their track record is actually very good. Maybe its a much overlooked diamond in the rough ? House price growth expectations looking very positive going forward. https://www.scoop.co.nz/stories/BU19...pectations.htm
its spilled
$6.50 offer rejected
https://www.nzx.com/announcements/346335
Offer could easily be revised and / or one or both of the other interested parties could table an offer.
Holding.
Update on Takeover After careful consideration, the Metlifecare Board has formed a view that the value per share of the company is above the price of the revised NBIO. The valuation of the company is particularly sensitive to house price inflation (HPI) and construction cost inflation. Depending on the assumptions adopted, the valuation ranges to in excess of $8.00 per share.Following confidential institutional soundings, a binding offer at $6.50 per share is unlikely to be supported by the requisite majority of shareholders voting. In particular, the Accident Compensation Corporation, Nikko Asset Management, and Generate have advised they would vote against such an offer.
S/P heading up atp. $6.50 new floor?
Probably dead in the water, no way anyone's going to pay $8 plus for this, they are kidding themselves.