MET - Metlifecare - one for the fundies?

[JeremyALD]

Hahahaa so many people selling at 5.75 - must be all the sharesies investors who didn't read the announcement? If i had free cash easy pick up at 5.75 to make a quick little profit.

p.s holder since 3.50!

$6 is a pretty poor offer in my books. Will be interesting to see what the directors are willing to accept.

[peat]

If i had free cash easy pick up at 5.75 to make a quick little profit.

This is the way lots of people got burned before. Picking up dimes in front of steamrollers is my description. Reward to risk ratio is poor.

[Joshuatree]

Sun has just come out here.No community covid atp.About to go down to my fave cafe for a cup of Joe. We so lucky here ehhh. "Aotearoa, rugged individual, glistens like a pearl, at the bottom of the world"Tim Finn

[Beagle]

$6 is a pretty poor offer in my books. Will be interesting to see what the directors are willing to accept.

Agreed. Interestingly the Super fund has indicated it is keen for MET directors to progress with negotiations which of course is quite different from pledging support at $6.
Maybe the very first offer of $6.50 is where this gets done ?

[winner69]

Did an exercise for Couts late last year ..the old MET / RYM relativity trick. ...conclusion was MET hugely undervalued on the basis.

Bought and lo and behold a week or so later a takeover offer ....sold out near the takeover offer

World panics and Bear got his calculator out said screaming buy in the 320s (did u like the photo then)

Takeover still likely in one or another so held .....might need to see soon.

You never know might get a third go at this.

Good ol corporate action is good for the bank balance ....often better than all this fundamental stuff. In that respect MET was never worth $7 or more as many said .....unless greater fools came along.

Hope I do get that third go ...that be fun.

[winner69]

OIO does not reject much these days so getting their approval shouldn’t be a hurdle.

[stoploss]

Sun has just come out here.No community covid atp.About to go down to my fave cafe for a cup of Joe. We so lucky here ehhh. "Aotearoa, rugged individual, glistens like a pearl, at the bottom of the world"Tim Finn

True, but it's been nearly 3 years in a leaky boat

[winner69]

Agreed. Interestingly the Super fund has indicated it is keen for MET directors to progress with negotiations which of course is quite different from pledging support at $6.
Maybe the very first offer of $6.50 is where this gets done ?

Pretty good offer I reckon ...not as good as $7 but world has changed.

NZ avoided the worst of virus so far but we can’t keep it out for ever .....and lockdowns won’t work to contain it .......Herald today had a story along the lines of ‘ House prices: If there's another outbreak, the impact will be 'almost cataclysmic'’

[Beagle]

Pretty good offer I reckon ...not as good as $7 but world has changed.

NZ avoided the worst of virus so far but we can’t keep it out for ever .....and lockdowns won’t work to contain it .......Herald today had a story along the lines of ‘ House prices: If there's another outbreak, the impact will be 'almost cataclysmic'’

With the wider economy as well which is why we need hard lockdowns not soft ones. Yes there's risks and rewards for sure mate. Barfoot saying June sale prices are up on pre Covid level's so NTA is probably slightly more than $7 and its been a long time between drinks for shareholders with a dividend too. Probably settle at that mid point of independent valuation range of $6.35. The good thing with mid points of valuation ranges is everyone gets to save face and feel they got a fair and square deal.
Fact is there's a lot of people trying to save face with this deal, especially EQT, the Directors and not the least by any means the arbitrage fund managers who paid an average of $6.88 !

[winner69]

With the wider economy as well which is why we need hard lockdowns not soft ones. Yes there's risks and rewards for sure mate. Barfoot saying June sale prices are up on pre Covid level's so NTA is probably slightly more than $7 and its been a long time between drinks for shareholders with a dividend too. Probably settle at that mid point of independent valuation range of $6.35. The good thing with mid points of valuation ranges is everyone gets to save face and feel they got a fair and square deal.
Fact is there's a lot of people trying to save face with this deal, especially EQT, the Directors and not the least by any means the arbitrage fund managers who paid an average of $6.88 !

That $7 NTA is only a number on a piece of paper .....strange it came out as such a nice round number in the half year report eh ....wonder why ....and what was the the real number we didn’t get to see?