MET 31.45% Year to date is outperforming RYM 27.5% and SUM 17.06%
23/5
11/07/14 MET 37.31% RYM 23.7% SUM 6.29% Turning into a one horse race[/QUOTE]
Met are yet to prove that the current share price is justified with solid sales figures IMHO and exists because of good forward guidance (unlike Sum) and the hype of infratil and the NZ super fund buying in only time will tell if the lofty price is justified
Past performance is not an indicator of future performance.
I cant remember exact timeframes but a lot of MET performance is due to a rerating in relation to the change in ownership (removal of overhang but assumption of good management guidance etc being provided by IFT).
Past performance is not an indicator of future performance.
I cant remember exact timeframes but a lot of MET performance is due to a rerating in relation to the change in ownership (removal of overhang but assumption of good management guidance etc being provided by IFT).
Was always a poor performer,so had a lot of catching up to do.If you compare their 5 year return with RYM you will see they have a long way to go.
MET 5 year return 151.11%
RYM 5 year return 458.17%.
SUMs it up pretty well. A genius model really. I wonder what the costs would be if an alternative model was adopted. You're not going to build a $100m village unless you get a decent return on it.
With all the posting on RYM and SUM I'm surprised MET hasn't gotten any attention today. After all it was the hardest hit today but has been the most stable for the past several months. I'm eagerly anticipating their full year results to see if the restructuring is paying off and the result the market has to the full year results as I don't think the original jump in the share price was justified.
On the NZX I've only been accumulating SUM in the low $3 mark since RYM went over 7.80. I'd be very keen to jump into MET if the right price or results came about.
In my opinion the only Retirement village operator worth putting money into currently is AOG on the ASX. JHC was hit by the Australian Goverment cuts and lost some ground which has been the cherry on top of the cake with SUM losing so much ground. Here's hoping INA or LIC on the ASX could fire in the future to light the sector up a bit.
Metlifecare Limited (NZX: MET; ASX: MEQ) advises that it is due to make its
full year result announcement for the twelve months ended 30 June 2014 on
Monday 25 August 2014.
Announced yesterday, price drops 12 cents. Hopefully unrelated...
(edit; there was a parcel of about 50k shares left on the board overnight at around yesterdays closing price. Withdrawn this morning, maybe just shaking the tree?)
MET 31.45% Year to date is outperforming RYM 27.5% and SUM 17.06%[/QUOTE] 23/5
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Originally Posted by Joshuatree
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