MET - Metlifecare - one for the fundies?

[Beagle]

MET down less than the rest of the sector today, probably because of the deep value on offer.

[Ace]

MET down less than the rest of the sector today, probably because of the deep value on offer.

Thanks for bringing MET up on my radar. I recall several years ago when you were a fan of SUM and SUM was one of the popular picks at the sharetrader meeting which I didn't follow suit. This time I'll come along with you guys for the ride with MET and have picked up a parcel to add to my collection.

There's a fair few near term catalysts with the response to AVPG later this week which is in a couple of days, and delivery of SIA material by the end of April, which is around a week including the weekend. Granted there is every possibility that AVPG/EQT will see the SIA terminated through the MAC clauses. Reading the announcement on the 20th shows me that MET management is relatively confident in their reasoning why the agreement will come to fruition and reading it myself, it does appear to make a lot of sense as fundamentally the company is more or less the same to when AVPG entered willfully into the agreement.

I'm not banking on the takeover and if it falls through I share your sentiment that the company has sound fundamental prospects in the sector, and I do quite enjoy that there is potentially some entertainment value in this moving forward to the near future. Life in lockdown has been a little bit dull afterall.

[winner69]

MET down less than the rest of the sector today, probably because of the deep value on offer.

Maybe down because punters read this

https://www.anz.co.nz/content/dam/an...O-20200422.pdf

[Grimy]

Link doesn't work for me.....

[bull....]

met needs to pay a corona allowance to staff as do all

[Balance]

Link doesn't work for me.....

Try this one :

https://www.stuff.co.nz/business/121...es-down-15-anz

House prices expected to drop 15%.

In which case MET’s $7 valuation becomes $5.95.

Plenty of fat in the valuation vs the other village operators.

[Grimy]

Thanks.
I think Winner meant this one
https://www.anz.co.nz/content/dam/an...O-20200422.pdf

Which looks the same URL, but this one works for me.

[bull....]

Link doesn't work for me.....

heres the good bit


House prices are expected to fall significantly, as typically happens in economic downturns. House prices normally swing much more than GDP does. At this stage we expect to see house prices drop 10 per cent to 15 per cent, with demand under considerable pressure. There is downside risk to this, particularly if credit becomes squeezed."

https://www.stuff.co.nz/business/121...es-down-15-anz

retirement unit prices falling 10 - 15% be pretty savage on profits , no divs for sure from any of them or gains on sales

[Ace]

heres the good bit


House prices are expected to fall significantly, as typically happens in economic downturns. House prices normally swing much more than GDP does. At this stage we expect to see house prices drop 10 per cent to 15 per cent, with demand under considerable pressure. There is downside risk to this, particularly if credit becomes squeezed."

https://www.stuff.co.nz/business/121...es-down-15-anz

retirement unit prices falling 10 - 15% be pretty savage on profits , no divs for sure from any of them or gains on sales

I can’t even take any of these forecasting articles seriously anymore. I don’t think any of them have been remotely correct over the years. Wasn’t there an article out there predicting a rise as well due to all the expats and Australians returning home because NZ is a safe haven? So which one is it? Down up? Left or right?

[Beagle]

Maybe down because punters read this

https://www.anz.co.nz/content/dam/an...O-20200422.pdf

We know quite a lot about ANZ's "credibility" with economic predictions don't we mate Quite right Ace, they're all throwing darts while blindfolded.
If they are going to print out these economic reports (as opposed to electronic media), I hope they print them on toilet paper