MET - Metlifecare - one for the fundies?

[bull....]

Takeover panels comments not very helpfull.Seems to be a sitting on the fence announcement

just like the cml scheme they they had to keep deferring the scheme booklet because there was no takeover offer in reality only a court decision to come. looks like playing out the same


The Panel has, however, reserved its position as to issuing a ‘no-objection’ statement, should an application be made for final Court orders giving effect to the Proposed Scheme. This is because of the potential for there to be a significant time delay until resolution of the Termination Dispute and the consequent potential for new information to be relevant for shareholders’ consideration of the Proposed Scheme

https://www.nzx.com/announcements/353763

[JohnnyTheHorse]

The comments from the Takeovers Panel are completely expected and not important news... hence not marked price sensitive.

I believe the best outcome for shareholders tomorrow is that Initial Orders are granted. This would indicate that the courts believe there is a reasonable level of doubt that EQT can terminate the contract. Would by no means predict an end outcome, but would increase the pressure on EQT. That coupled with the rising market could increase the odds of a revised (lower) offer.

[Longhaul]

If the takeover ends up proceeding (fingers crossed), will this lift all retirement stocks like it did last year?

Thoughts?

[Beagle]

If the takeover ends up proceeding (fingers crossed), will this lift all retirement stocks like it did last year?

Thoughts?

If that happens I see considerable upside in the only other company in this sector still trading at a material value to its NTA - OCA. How much upside to the other stocks in this sector that are already trading at a material premium to NTA, I am not so sure. This could see OCA rerated to the average broker price target of around $1.16 or even somewhat higher.

[JohnnyTheHorse]

Breakout of that 440 resistance, albeit on low volume. Will this momentum have some volume behind it?

[Beagle]

Yet another day of Zero new Covid 19 cases and EQT's position keeps getting steadily and incrementally undermined....that's how I see it anyway.

[Beagle]

Nothing like falling under the influence of a "Sharetrader Legend."

LOL Sometimes I find it helpful to type out my thoughts. Sometimes that leads to extra clarity and I find myself acting on my own post I have made. Yesterday wouldn't be the first time by any means. It usually ends well On the other hand a cynic might suggest if a dog barks often enough it believes what its barking about LOL

[traineeinvestor]

LOL Sometimes I find it helpful to type out my thoughts. Sometimes that leads to extra clarity and I find myself acting on my own post I have made. Yesterday wouldn't be the first time by any means. It usually ends well On the other hand a cynic might suggest if a dog barks often enough it believes what its barking about LOL

Yep. Putting it in writing is a good way to think things. I did that when I started planning for retirement over a decade ago. The other benefit of putting it in writing is becomes a means of holding myself accountable ... and so far this year, I wish I was a lot less accountable.

[King1212]

Looking forward for good news tmrw?

[peat]

Looking forward for good news tmrw?

its possible , but as with all legal matters I am very much inured to delay and deferral.