MET - Metlifecare - one for the fundies?

[Beagle]

MET directors really need to announce something.

After market close today?

The silence is deafening. All the silence says is "trust us we know what we are doing".
If this deal goes sour, I think the landscape of these deals will change in the future. Each party accepting that they will wear their own costs of circa $15m under these scheme's of arrangement with a very uncertain outcome is very different to the old takeover laws where the acquirer met all potential takeover costs.
I for one will never look at a scheme of arrangement the same again, (even though I did really well from the very generous arbitrage funds paying circa $6.90 in round one when the deal was still uncertain).

[winner69]

Nz may have dodged a bullet first time around with the virus sort of contained.

Not over yet ....probably come back and if it does it’ll prob be worse because kiwis won’t totally lock down again.

So as far as MET goes the future still has a lot of risk attached to it .....they should should take the $6 and pass all that risk onto EQT

To me $6 in the hand is better than $4 if no deal or $3 if the virus takes hold again in next year or so.

[Beagle]

Nz May have dodged a bullet first time around with the virus sort of contained.

Not over yet ....probably come back and if it does it’ll prob be worse because kiwis won’t totally lock down again.

So as far as MET goes the future still has a lot of risk attached to it .....they should should take the $6 and pass all that risk onto EQT

To me $6 in the hand is better than $4 if no deal or $3 if the virus takes hold again in next year or so.

$6.35 Is the price Winner. Got to get that mid point in the revised value so we can feel we weren't shafted.

[winner69]

$6.35 Is the price Winner. Got to get that mid point in the revised value so we can feel we weren't shafted.

That would be good

I’m glad you seemed to have around to accepting that getting something like this is far better outcome Than thinking it’s a great long term investment and would get to $8 plus if allowed to do its own thing (ie not taken over)

[Balance]

An up day — a 2 mill plus trade as well as a few other sizeable trades but heaps of small trades keep the upward trend going.

Yep Bal, might get that announcement late this afternoon .....but I think the stubborn one will mull on it over the weekend,

In which case, better get set or get out before market opens on a Monday when an announcement - could be ‘I spray & walk away!’ or ‘we are negotiating’!

[winner69]

In which case, better get set or get out before market opens on a Monday when an announcement - could be ‘I spray & walk away!’ or ‘we are negotiating’!

The guy in the spray and walk away ad looks like a Hong Kong hedge fund guy too

Could the answer ....give the Board a spray of that stuff

[Beagle]

The guy in the spray and walk away ad looks like a Hong Kong hedge fund guy too

Could the answer ....give the Board a spray of that stuff

You naughty bear, the board are surely slightly more valuable than the green sludge that grows on ones driveway

[winner69]

You naughty bear, the board are surely slightly more valuable than the green sludge that grows on ones driveway

Weren’t you one of many who got pissed off with Ellis and his Board for not doing a share buyback ......until shareholders nagged him into it ....and then he timed it impeccably

[Beagle]

Weren’t you one of many who got pissed off with Ellis and his Board for not doing a share buyback ......until shareholders nagged him into it ....and then he timed it impeccably

Timing wasn't quite impeccable, otherwise we'd be talking round 3 here and it was too small and they only reluctantly agreed to it at a token amount and only under duress. Can't say they were proactive. Where's my spray and walk away

[winner69]

Timing wasn't quite impeccable, otherwise we'd be talking round 3 here and it was too small and they only reluctantly agreed to it at a token amount and only under duress. Can't say they were proactive. Where's my spray and walk away

Yep, that spray and walk away good for stubborn stuff