MET - Metlifecare - one for the fundies?

[dubya]

But, if shareholders dont vote to continue litigation the renegers will just walk away.
I'm now wondering if we shouldn't really have a vote on issues like this - we should have faith in the directors negotiating skill which will be severely undermined by a no vote. We should vote yes simply to support the directors optionality. The vote No, only limits it. .

I think you're spot on with that post. They are the exact reasons why I've already voted 'Yes'

[winner69]

If the vote is YES or NO Metlife can walk away from / terminate the SIA

It’s a sort of ego trip for them . ..like getting us to give them a big hug and say yes guys we trust you to do what you think is best for us.

Heads you win, tail you win ..is that still the case?

[peat]

If the vote is YES or NO Metlife can walk away from / terminate the SIA

It’s a sort of ego trip for them . ..like getting us to give them a big hug and say yes guys we trust you to do what you think is best for us.

But thats what shareholders in listed companies do?

Heads you win, tail you win ..is that still the case?

No they can still screw it up and I guess on past performance we would consider them a bit ineffectual but all they have to do is huff and puff and put on a bit of a show with a highly qualified silk behind them so its not rocket surgery how to extract a deal.

[winner69]

Wasn’t that long ago Kim said MET could be worth more than 8 bucks (as per the range of valuations they did Themselves)

Sometimes believing your own bull **** clouds one judgement when it comes to reality ...hope Kim and his Board aren’t that delusional.....and see if they got $6 they have done well.

[winner69]

The return on whatever irs settled for is diminishing by the day

One could lucky and get 20% today ....but might only be 10% next week

One shouldn’t dilly dally around and miss out

[bottomfeeder]

I say get the damages, keep the company. It will be worth a lot more in 5 years. What am I going to do with the money anyhow. Everything worthwhile is top dollar.

[Beagle]

Wasn’t that long ago Kim said MET could be worth more than 8 bucks (as per the range of valuations they did Themselves)

Sometimes believing your own bull **** clouds one judgement when it comes to reality ...hope Kim and his Board aren’t that delusional.....and see if they got $6 they have done well.

You should fly up and join in the barking at the meeting.

[bottomfeeder]

Don't understand it, interest rates lowest in 200 years, MET should be $10. I say shareholders dodged a bullet at $7. Get the damages, keep the company.

[winner69]

You should fly up and join in the barking at the meeting.

Too much virus going around in Auckland ....wouldnt feel safe

And AIR would charge me $249 to get up there and if we went for lunch etc $309 to get back home. Rip off eh

And then would pay for Flexifare cos Meeting likely to be called off and even then have ticket to AKL I’d never use

[Beat the Bank]

Well said. Get the damages, keep the company. Retirement villages are almost a strategic asset in providing for our older community. Keep it Kiwi listed. Why sell out to overseas buyers at a discount when we have a limited range of options to reinvest the proceeds into. Infratil? They have cash.
BUT a reinvigorated management team is clearly needed to get an appropriate shareholder return.
Disc Holder at slight profit