MET - Metlifecare - one for the fundies?

[CJ]

I am still debating whether to take part in the $3.10 SPP - this ACC announcement may help me decide to take up some but perhaps not the full $15,000.

I will probably get a few, but am waiting closer to the end. The higher the price gets, the more likely there will be scaling which may impact the amount I purchase (if the price is high, better to overshot and sell down if I get more than I actually want (due to no scaling), than to not apply for many and get that significantly scaled back).

[noodles]

Sparky has highlighted the development margins for RYM and SUM. Does anybody know the MET development margins. I can't seem to find it in the recent reports/presentations.

http://www.sharetrader.co.nz/showthr...l=1#post414489

[CJ]

The SPP closed oversubscribed and so it will be scaled back about 20%:

https://www.nzx.com/companies/MET/announcements/238325

66% of investors applied being 1234 with an average amount of ~$9,500. That is good support and those that participated will be reward with (per current price) a 5% gain. It will be interesting to see how many dump once allocated on the 12th.

[CJ]

Positive article in the Hearld on all three listed operators: http://www.nzherald.co.nz/business/n...ectid=10908595

[CJ]

ACC has popped its head above the 5% limit. Its last (small) purchase at 3.23:
https://www.nzx.com/files/attachments/179293.pdf

[CJ]

https://www.nzx.com/files/attachments/180279.pdf

Annual result out and looking good.

Good result. New and resale figures look great.

It would be good to see their build rate increasing. They are targeting 200+pa vs 700+pa from Ryman.

[CJ]

Annual result out and looking good.

I am surprised it isn't up more today.

[Blendy]

I am surprised it isn't up more today.

same! I would have thought there'd be a much bigger jump with those results.

[iceman]

All 3, MET, SUM & RYM seem to be taking a well earned breather in the SP. I'm well content with a bit of consolidation after recent big gains.

[CJ]

All 3, MET, SUM & RYM seem to be taking a well earned breather in the SP. I'm well content with a bit of consolidation after recent big gains.

MET run hasn't been as good as the others and is trading at a discount to the others. That is justified historically but I think this latest result shows they have turned a corner - much better cash flows, sales up. The only think they need to do is up the build rate and continue the improvements they have been making.