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14-05-2020, 01:10 AM
#2411
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14-05-2020, 01:19 PM
#2412
Hope MET getting all the stuff they need for the Court hearing on the 28th completed and sent off to them.
Wonder how OIO application going?
At the top of every bubble, everyone is convinced it's not yet a bubble.
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14-05-2020, 01:30 PM
#2413
seems like major shareholder wants to take scheme bidder to court in the cml scheme
CML shareholders not finished with bailed bidder ScotPac
https://www.afr.com/street-talk/cml-...0200513-p54sgn
has a caveat though at bottom of article
In formal takeover bids its hard for bidders to walk away without a breach of condition but that's not the case for scheme of arrangements.
see carlyle group on cnbc this morning being grilled about walking away from shceme due to mac clause said they dont think it hurt there reputation
Last edited by bull....; 14-05-2020 at 01:35 PM.
one step ahead of the herd
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14-05-2020, 01:57 PM
#2414
Originally Posted by winner69
Hope MET getting all the stuff they need for the Court hearing on the 28th completed and sent off to them.
Wonder how OIO application going?
Could be a spanner in the works??
Government introducing a national interest test for foreign investment, to stop strategically important companies being snapped up by foreign buyers at bargain basement prices
https://www.interest.co.nz/property/...-strategically
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14-05-2020, 02:34 PM
#2415
I looked at that yesterday and didn't see any additional hurdle that wasn't already there under the existing approval process for this deal.
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
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14-05-2020, 02:45 PM
#2416
Originally Posted by sb9
$ 7.00 isn’t bargain basement , $ 3.40
was ........
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14-05-2020, 04:40 PM
#2417
Originally Posted by sb9
I would hazard a guess existing applications play by the old rules
At the top of every bubble, everyone is convinced it's not yet a bubble.
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15-05-2020, 12:05 AM
#2418
Originally Posted by Snoopy
Cyclical below asked the right question (I have put it in bold).
Originally Posted by Cyclical
Righto, so let's assume nothing comes of this takeover, what would it take to turn MET around and start generating returns on capital more in line with said other player?
Now who on the believer team is prepared to answer it? Because if no-one can, that means MET is worth no more than $4.42.
SNOOPY
You should be asking the foreign takeover company.
They are the ones who have entered in a binding arrangement committing to a price of $7, and are now reneging on that. The law should see to it they pay this.
If a pandemic was to trigger the MAC it should have been explicitly stated.
For clarity, nothing I say is advice....
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15-05-2020, 08:00 AM
#2419
Originally Posted by peat
Cyclical wrote:
"Righto, so let's assume nothing comes of this takeover, what would it take to turn MET around and start generating returns on capital more in line with said other player?"
You should be asking the foreign takeover company.
They are the ones who have entered in a binding arrangement committing to a price of $7, and are now reneging on that. The law should see to it they pay this.
If a pandemic was to trigger the MAC it should have been explicitly stated.
The three potential takeover suitor companies have answered in 'market speak'. Two have not submitted a bid. The third has pulled their bid at $7. I am not sure if this is for:
1/ MET asset operational reasons (e.g. once leaky building issues are fixed, the building stock will be too expensive to on sell at a profit) , or
2/ Funding reasons (based on the bidders own borrowing capacity).
Either way the bidders say the performance of MET cannot be lifted in the current business environment. However, some here on this forum must have the answer as they are happy to buy MET at $4.40 or thereabouts. Maybe if they shared their 'turnaround secrets', more of we non-holders would 'get it' , buy in , and raise the MET share price?
SNOOPY
Last edited by Snoopy; 15-05-2020 at 08:06 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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15-05-2020, 08:11 AM
#2420
Originally Posted by Snoopy
The three potential takeover suitor companies have answered in 'market speak'. Two have not submitted a bid. The third has pulled their bid at $7. I am not sure if this is for:
1/ MET asset operational reasons (e.g. once leaky building issues are fixed, the building stock will be too expensive to on sell at a profit) , or
2/ Funding reasons (based on the bidders own borrowing capacity).
Either way the bidders say the performance of MET cannot be lifted in the current business environment. However, some here on this forum must have the answer as they are happy to buy MET at $4.40 or thereabouts. Maybe if they shared their 'turnaround secrets', more of we non-holders would 'get it' , buy in , and raise the MET share price?
SNOOPY
There have been plenty of discussion around that - if you choose not to read or cannot see it, then just stay clear of the stock. Its that simple!
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