MET - Metlifecare - one for the fundies?

[CJ]

RYM is my largest shareholding, I have been adding to SUM when Sp is below $3. MET I regard as the most speculative as a potential recovery (or rather, further recovery) stock. Both MET and SUM prices seem to be affecred by uncertainties over their largest shareholders.

I hold RYM and recently bought into MET as due to the speculative nature, has the potential to be re-rated up.

I have been planning on buying SUM below $3 but never have spare cash when it drops.

[NZSilver]

Thansk for your replys. I will keep an eye on MET, the NTA to SP really makes me think there is potential.

[Snow Leopard]

I must admit to being a little surprised that the SP is still hanging around these levels.

I bought in April as I thought I could see that they were getting their act together and it does appear to be that they are starting to deliver.

Still Rome was not built in a day either.

Best Wishes
Paper Tiger

[NZSilver]

Carried out some research in the w/e and bought a small portion this morning. I feel investors are waiting to see consistent results before sp moves. Interms of value for money cf sum and rym, met its cheap, just a little more risk as the buisness model and management have resulted in varible past performance. Do they have a DRIP and can someone point me in the right direction of the significant shareholders list.

Cheers.

[CJ]

and can someone point me in the right direction of the significant shareholders list.

Annual report always a good place to start - sill show the top 20.

Apparently it has a Drip: http://www.dividendyield.co.nz/viewdetails.php?id=68

[NZSilver]

Cheers CJ, I owe you a beer!

[macduffy]

The top 20 is stuffed full of nominee holdings and doesn't throw a lot of light on the Substantial Security Holders. When you cut through those I think the significant numbers are:
Retirement Villages NZ Ltd - essentially FKP Ltd - with 38.723%
Onepath NZ Ltd - ANZ - 8.833%
AMP 6.789%
ACC 5.019%

[gv1]

On of the brokers IRG recommends buy, FA twice as SUM. Was sceptical but bought small holding.

[Jasemc]

On of the brokers IRG recommends buy, FA twice as SUM. Was sceptical but bought small holding.

Any reason for sp fall toaday? Is the pending Aussie listing bad?

[gv1]

Hi Jasemc,
Have no idea, its just some people may be want to get out, got the div.