Suppose the past is now history ...and we reset the future
Its about resilience for now. MET's business is very resilient because they have $1,155m in embedded value on their balance sheet. All they need to do is churn existing units to make good money. Once they get their development model pumping in the future growth will come. I am investing for growth returning in a solid way in FY22 and beyond. They have the lowest gearing in the sector too, another sign of the resilience of their business model.
Underlying profit barely affected this year because of Covid 19 is a very good forecast result and its a very refreshing change to see a company issuing fresh guidance when most are withdrawing guidance !
Last edited by Beagle; 20-04-2020 at 01:16 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
Cheesed off shareholders telling the company to go for broke and sue for specific performance.
Ball is in APVG’s court to prove MAC.
Good stuff. This is going to be the best corporate entertainment all year and we have front row seats purchased at dirt cheap prices
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
Must be an institution buying, the old buy and then stop for a day or so, so the SP doesnt get too far away from them, just drop back a bit. Or could be someting totally different, eager profit takers. I dont know.
Originally Posted by King1212
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