MET - Metlifecare - one for the fundies?

[Beagle]

Well done mate, you're a Winner

[winner69]

That table on Page 43 must have wrong numbers in it

MET Earnings Growth at 2% pa over last 3 years compared to median 17% of the 4 others in sector

[Beagle]

That table on Page 43 must have wrong numbers in it

MET Earnings Growth at 2% pa over last 3 years compared to median 17% of the 4 others in sector

Was a disappointing timeframe. If they had of taken the 5 years average MET would have been 15% per annum CAGR.

Surely this is good for the chances of a negotiated settlement with EQT ! https://www.nzherald.co.nz/business/...ectid=12338098

Lets all just agree on the mid point of the valuation range being $6.35 and be done with the legal proceedings.

[winner69]

Beagle ...even you would have to agree MET recent financial performance has been abysmal

Something for new owners to fix ....other wise we are doomed if current directors and management left on charge

[winner69]

Fancy UBS selling heaps last week ...or dont UBS announcements mean much at all

[Beagle]

Beagle ...even you would have to agree MET recent financial performance has been abysmal

Something for new owners to fix ....other wise we are doomed if current directors and management left on charge

Abysmal is not the adjective I would use. Its been okay in a flat Auckland market but I agree management need to do a LOT MORE to drive value in this business starting with massive ongoing share buy-backs if this deal doesn't happen. If they make their FY20 $88m underlying profit target incorporating 4 months of Covid 19 surely you'd have to concede they've done okay and been pretty resilient ?

I think they need to "do a warehouse" and take some serious cost out of head office and also cut down on a lot of other wastage. It won't entirely surprise me if at the vote next month they don't get the required 75%. Telling APVG to go away and lets get back to driving value and growth for N.Z. shareholders over the long run has some merit to it in my opinion.

[Longhaul]

I think they need to "do a warehouse"

I would really like this phrase to catch on

[Panda-NZ-]

Repairs may be easier to do now that the workers are available and allows "met" to negotiate lower repair costs.

[Beagle]

https://www.oneroof.co.nz/news/38003 Real estate looking strong. Covid free, all good.

[Snow Leopard]

Just voted against MET litigating.

Then they can get on with adding some real value to this company...

...or probably not, they have been fairly useless at it so far.