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  1. #3211
    Outside thinking.
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    PEB replacing MET in the NZX50 according to this.

    Good day for PEB holders.

  2. #3212
    Legend peat's Avatar
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    legal delays announced today - as always the legal wheels turn slowly

    it is never good to have commercial matters held over waiting for legal outcomes.

    disclaimer - short
    For clarity, nothing I say is advice....

  3. #3213
    ShareTrader Legend Beagle's Avatar
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    https://www.nzx.com/announcements/361703 Effectively all done and dusted now.
    c'est la vie - MET will be remembered as a company that could have, should have but didn't have.
    In the end 91% of shareholders thought all MET was worth was $6 and as mentioned before with the current management and board performing at a well below average level it was very hard to make a compelling case for more. Really the N.Z. Superannuation fund hog tied the directors from trying to do better but if between them they had a pair, this should have gone another round to at the very least get to the mid point of the independent valuation, ($6.35).

    Substantial value will accrue to APVG due to the extremely weak way the Board handled this fiasco. To the victor goes the spoils...
    Last edited by Beagle; 19-10-2020 at 04:28 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #3214
    Junior Member teabag's Avatar
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    If the court sign off is tomorrow, when can we expect our holdings to be paid out?

  5. #3215
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by teabag View Post
    If the court sign off is tomorrow, when can we expect our holdings to be paid out?
    Apparently 3/11/20 https://www.nzx.com/announcements/361485
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #3216
    Legend
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    https://www.nzx.com/announcements/361771

    "SCHEME RECEIVES FINAL COURT APPROVAL

    Metlifecare Limited (NZX: MET, ASX: MEQ) confirms the timetable for the Scheme of Arrangement (Scheme) with Asia Pacific Village Group Limited (APVG) following today’s decision of the High Court to issue final orders in respect of the Scheme.

    Subject to remaining customary completion conditions being satisfied or waived, the Scheme timetable is:

    Trading in Metlifecare shares suspended on the NZX and ASX 23 October 2020, close of trading
    Scheme Record Date 29 October 2020
    Scheme Implementation Date 3 November 2020
    De-listing of Metlifecare from the NZX and ASX 3 November 2020, close of trading

    Holders of Metlifecare shares at 5.00 pm (NZ time) on the Record Date will be entitled to receive the Scheme consideration of NZ$6 per share in cash, which will be paid on the Implementation Date (expected to occur on 3 November 2020).

    Metlifecare shareholders who wish to participate in the Scheme do not need to take any further action. Metlifecare shareholders who do not wish to participate in the Scheme must sell their shares before the close of trading on 23 October 2020.

    This announcement is authorised for release to the market by the Company Secretary."


    Almost all over Rover, bar shelling out the takeover bucks and then delisting

    Possible 50% gain since early April 2020

    Quite a nice ride along the way too

    What others will benefit from the inflow of MET Takeover Ca$h ?

  7. #3217
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    Quote Originally Posted by nztx View Post
    https://www.nzx.com/announcements/361771

    [I]"SCHEME RECEIVES FINAL COURT APPROVAL


    What others will benefit from the inflow of MET Takeover Ca$h ?
    Management consultants I reckon. Its certainly been a weird, profitable yet ultimately disappointing ride, watch them come in, "optimise" the processes (sack everyone) and plonk a high-rise in any garden larger than a baguette.

  8. #3218
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    Quote Originally Posted by dibble View Post
    Management consultants I reckon. Its certainly been a weird, profitable yet ultimately disappointing ride, watch them come in, "optimise" the processes (sack everyone) and plonk a high-rise in any garden larger than a baguette.
    Failure to properly plan and provide for population growth as a result of immigration policy results in rushed rezoning and rushed and often unwanted suburban intensification.

    Absolute shame that yet another company delists and heads into foreign ownership at a bargain price perhaps.
    Last edited by Bjauck; 20-10-2020 at 07:03 PM.

  9. #3219
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    Quote Originally Posted by Bjauck View Post
    Failure to properly plan and provide for population growth as a result of immigration policy results in rushed rezoning and rushed and often unwanted suburban intensification.

    Absolute shame that yet another company delists and heads into foreign ownership at a bargain price perhaps.
    Agree with both yourself & dibble

    jumping in this one in early April 2020 - the sort of gain seen can't be ignored, even if there was possibly resounding failure
    to extract true realistic value from the incoming buyer

  10. #3220
    ShareTrader Legend Beagle's Avatar
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    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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