MET - Metlifecare - one for the fundies?

[couta1]

p.s. I think MET just missed the boat strategically and tried to growth via acquisition rather than development. Fatal mistake.

And they still insist on charging residents for capital losses unlike Sum and Rym

[Bjauck]

We are only about 6 months into the Infratil/Superfund buy in. As with Shell/Z I am imagining they had a plan/vision for MET when they bought their stake. Not all IFT's purchases pay off but with the support of Superfund, they had two heads checking over the strategy. Patience may be needed to see a turn around for MET.

[Snow Leopard]

Outside of the conversation mill and Metlifecare quietly rises...

Best Wishes
Paper Tiger

[couta1]

Outside of the conversation mill and Metlifecare quietly rises...

Best Wishes
Paper Tiger

Maybe the Tiger has sprung upon his prey too soon,down 2% on big volume,oh well there's always Sum aye

[BlackPeter]

good to hear the planned build rate is on track ..

https://www.nzx.com/files/attachments/193031.pdf

[SimonHouse]

Wasn't the Poynton the village they've struggled to sell for the last 4-5 years?

[Harvey Specter]

Wasn't the Poynton the village they've struggled to sell for the last 4-5 years?

It is a pretty unappealing site - right on a major intersection and not 'really' in Takapuna which everyone assocates with the beach - quite a mobility scooter ride away.

[BlackPeter]

what because they're FINALLY completing the final stage of an existing village? That only accounts for 1/3rd their target build rate, which itself is a joke

hmm - you sound quite angry ... did you loose money with them?

I guess they came from a different business model (buying existing villages instead of building new ones) and just recently changed ownership, board composition and build targets. Sure - they didn't complete their 2015 promises in 2014, but I still see this as a positive announcement. Why not cut them a bit slack until they had a chance to prove what they promised?

[Harvey Specter]

No, actually I made over $50k on them before I sold my holding down completely. I just think they're a pretty **** company compared to the other two. They need to reach a build rate of 500 per annum within a year or two to keep up with Summerset's likely earnings growth.

What do you think IFT and SuperFunds plan for them is? My guess it is to increase the build rate quickly.

[Snow Leopard]

Outside of the conversation mill and Metlifecare quietly rises...

Best Wishes
Paper Tiger

Maybe the Tiger has sprung upon his prey too soon,down 2% on big volume,oh well there's always Sum aye

Maybe not

Best Wishes
Paper Tiger

DISC: some MET, some RYM & also some SUM