-
23-12-2019, 04:34 PM
#1041
Member
Originally Posted by winner69
Hope “However, the SIA has not yet been executed pending confirmatory financial due diligence.” means the due diligence has actually been done and just needs the final sign off
Following MET's announcement on 19 December 2019, MET has received a further
revised non-binding indicative proposal to acquire MET and has substantially
negotiated a scheme implementation agreement (SIA) with a third party.
However, the SIA has not yet been executed pending confirmatory financial due
diligence.
I agree with you Winner on how this reads, a deal has been done. Just checking that SIA is the 'how to go about it' stuff? I'm guessing there is significant costs when sorting the logistics? Am I thinking correctly?
-
23-12-2019, 08:24 PM
#1042
https://www.goodreturns.co.nz/articl...or+23+Dec+2019
North of $7 being talked about. I'd be very surprised if they hadn't got price agreement already as if they hadn't we wouldn't be in a trading halt.
Puts a rocket under the rest of the sector.
Last edited by Beagle; 23-12-2019 at 08:25 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
-
24-12-2019, 07:16 AM
#1043
Shareprice at $6.38 about the same as THREE years ago ....and there’s been huge earnings growth since I’m told.
Everybody seems happy to get something a bit over 7 bucks
MET on paper has a well respected Board but on reflection you’d have to say they’ve (and Sowry) been pretty slack when it comes to enhancing shareholder value. Not a good look, I’ll keep their names in mind.
Anyway this dog is probably going to put out of its misery soon.....but I’m happy to have made on it do sort of feel sorry for long term suffering holders who at best have really got as they say a get out jail free card as
Last edited by winner69; 24-12-2019 at 07:31 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
24-12-2019, 08:42 AM
#1044
If you take a 3 year perspective there's a lot of disappointed people who bought a house / land in Auckland 3 years ago and I think therein lies the explanation.
The outlook is much better and also the development outlook of MET and that's probably what has stirred interest in this proposed takeover.
Every other stock in the sector is now trading on a minimum of a 25% premium to NTA so private equity are getting a great deal if this goes for $7.25 which virtually no premium to NTA at all. I think you are right, the board and Sowry could have been a lot more proactive and as mentioned recently the buy-back was too little, too late.
Easy enough to find SUM value elsewhere in the sector as a substitute for capital invested here.
Last edited by Beagle; 24-12-2019 at 08:44 AM.
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
-
24-12-2019, 08:47 AM
#1045
Originally Posted by winner69
Shareprice at $6.38 about the same as THREE years ago ....and there’s been huge earnings growth since I’m told.
Everybody seems happy to get something a bit over 7 bucks
MET on paper has a well respected Board but on reflection you’d have to say they’ve (and Sowry) been pretty slack when it comes to enhancing shareholder value. Not a good look, I’ll keep their names in mind.
Anyway this dog is probably going to put out of its misery soon.....but I’m happy to have made on it do sort of feel sorry for long term suffering holders who at best have really got as they say a get out jail free card as
In for a good time and not a long time aye winner, lots of euphoria everywhere at the moment yet Im ever mindful of how quick things can change and an early winter can set in.
-
24-12-2019, 08:49 AM
#1046
Originally Posted by couta1
In for a good time and not a long time aye winner, lots of euphoria everywhere at the moment yet Im ever mindful of how quick things can change and an early winter can set in.
By all means gather the bountiful harvest in the forests during late summer but keep an eye for the bear (or tiger if you are in Asia!).
-
24-12-2019, 08:49 AM
#1047
Originally Posted by Beagle
No offence taken mate and agree 100% it was always a given a better offer would be forthcoming. I agree and see it most likely to happen at about the $7.25 I have bene predicting for quite some time now.
SUM might be wondering where the ~ one and a half billion in cash from this potential takeover might be reinvested ? As always I have barked my opinion clearly in the appropriate thread
Originally Posted by couta1
In for a good time and not a long time aye winner, lots of euphoria everywhere at the moment yet Im ever mindful of how quick things can change and an early winter can set in.
They say its hard to recognise euphoria when you are euphoric ....all will OK ...what can go wrong
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
24-12-2019, 09:11 AM
#1048
Originally Posted by winner69
They say it’s hard to recognise euphoria when you are euphoric ....all will OK ...what can go wrong
Nothing will go wrong.
Or so they thought when they ploughed into the electricity sector but just a few months ago - Contact at $9 (now $7.18) & TPW at $8.60 (now $7.33).
Happy to take the top off this sector while there's plenty of euphoria around too.
-
24-12-2019, 09:22 AM
#1049
Ironic in some ways that Comvita actually buying their shares back while Metlifecare never got round to it.
Metlifecare Board slack as got a lot to answer for - just as well NZ Superfund have stirred the market up, but then their expectations probably aren’t that high....just happy to get out.
Last edited by winner69; 24-12-2019 at 09:25 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
24-12-2019, 09:41 AM
#1050
Originally Posted by Balance
Nothing will go wrong.
Or so they thought when they ploughed into the electricity sector but just a few months ago - Contact at $9 (now $7.18) & TPW at $8.60 (now $7.33).
Happy to take the top off this sector while there's plenty of euphoria around too.
Metrics are chalk and cheese between the gentailers and retirement companies.
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
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks