sharetrader
Page 3 of 146 FirstFirst 12345671353103 ... LastLast
Results 41 to 60 of 2909
  1. #41
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,233

    Default

    I'm happily invested in all three listed companies in the sector, most happily in RYM!

    I wonder though if a limiting factor in their growth will turn out to be the availability of suitable building sites in areas in which prospective clients will want to live. Has anyone researched this question?

  2. #42
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,233

    Default

    Golf courses and Race courses seem to be the best avenues for finding land. Many of these clubs are struggling with lower membership. They can carve off parcels of land, or consolidate with neighbouring clubs to free up land.
    .
    ......As Summerset are planning at Hutt/Boulcott Farm. But failing such opportunities, I'm not sure that greenfields sites away from established residential areas will have much appeal. Still, if that's the only option.......

  3. #43
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,164

    Default

    Quote Originally Posted by SparkyTheClown View Post
    However, I note that Metlife have a philosophy of building in developed centres. They may mix this now with the merger with Vision.
    Different strategies. It meas the cost of land is more but it also means the holding costs while undeveloped are less.

    I think a combo of the two is probably right - buy land to develop immediately where there is a need, but also land bank so that you have a constant stream of property to develop. Ryman couldn't have developed its good inhouse resource if it had a lumpy development schedule.

    I invested in MET in the hope it can start to mirror some of RYM core strengths. No doubt they are looking at that and hopefully the shareprice will respond in due to. However, the bulk of my money is in RYM. In hindsight by diversification in the sector should have been into SUM but I think MET has the biggest opportunity to turn a corner. Time will tell.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  4. #44
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    14,234

    Default

    Quote Originally Posted by SparkyTheClown View Post

    If they can reach Ryman levels of earnings growth consistently, they should be good for $4.00. I am interested in doing more homework on this one, but its not a priority.
    Just take your time,none of us are in a hurry.Quality research is always worth waiting for.In the meantime RYM and SUM continue their upwards trejactory.

  5. #45
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Locked Down & Out
    Posts
    665

    Thumbs up Going Ballistic

    Average volume day but it has not closed this high since it last closed this high (8th-Jan-2013).

    Has the slow but relentless upward pressure over the last three months finally overcome the resistance?

    Will this be the break-out we have been waiting for and is it "$8 here we come"?

    Climb aboard the afternoon tea trolley before all the Lamingtons are gone.

    Best wishes
    Paper Tiger
    om mani peme hum

  6. #46
    Senior Member
    Join Date
    May 2002
    Location
    ChCh, , .
    Posts
    1,088

    Default

    ...dear PT it appears you aint wrong....cheers

  7. #47
    Member
    Join Date
    Sep 2012
    Location
    christchurch
    Posts
    390

    Default

    Hi PT I wanted to try the lamingtons this morning but the tea lady ignored my pennies (3.35). Ah well, too old to be chasing after her. After all the next tea lady, May, is just a day away.

  8. #48
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Locked Down & Out
    Posts
    665

    Thumbs up Yes we have no Lamingtons

    Whilst failing to achieve the gains of speculative shares such as Ryman and Summerset reasonable further share price appreciation was attained today.

    Unfortunately we have run of sellers.

    Best Wishes
    Paper Tiger

    Disc: hold MET, RYM & SUM.
    om mani peme hum

  9. #49
    Member
    Join Date
    May 2013
    Posts
    154

    Default

    Any idea why met life sp is trending down? Are they turning their properties into kiwi fruit orchards LOL

  10. #50
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Locked Down & Out
    Posts
    665

    Question Something to with buyers and sellers

    Quote Originally Posted by Jasemc View Post
    Any idea why met life sp is trending down? Are they turning their properties into kiwi fruit orchards LOL
    Would be nicer if they went and bought some land for a new development or two.

    I would prefer that it stays up but above $3.30 I have no concerns.
    [ $3.24 - $3.30: 'keep an eye on it';
    $3.17 - $3.24: 'hope it doesn't drop further';
    $3.09 - $3.17: 'oh! This is a bit worrying';
    less than $3.09: 'whose stupid idea was it to buy this? ]

    Best Wishes
    Paper Tiger
    om mani peme hum

  11. #51
    Member
    Join Date
    May 2013
    Posts
    154

    Default

    Maybe Taihape might be a good place to look for land.

  12. #52
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Locked Down & Out
    Posts
    665

    Default Some days I so miss New Zealand

    Quote Originally Posted by Jasemc View Post
    Maybe Taihape might be a good place to look for land.
    Gumboot Capital of the World

    Best Wishes
    Paper Tiger
    om mani peme hum

  13. #53
    Senior Member
    Join Date
    May 2002
    Location
    ChCh, , .
    Posts
    1,088

    Default

    It would be quite good if someome with more time and nous than me could compare RYM SUM MET ...major shareholdings either management or institutions .purchases,sales etc...

    In fact has anyone tracked the SP performance of a particular company with major shareholders movements to see if there was a relation to the SP performance ?

    I think back to THL and Sir Wallis's involvement....then again Ngai Tahu sold of out of RYM.....and Fisher Funds buying again into THL...Todd in the past buying into CUE.... cheers

  14. #54
    Member
    Join Date
    May 2013
    Posts
    154

    Default

    Still above $3.30 who thinks it has hit bottom?

  15. #55
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Locked Down & Out
    Posts
    665

    Red face Ask me again in a few months

    Quote Originally Posted by Jasemc View Post
    Still above $3.30 who thinks it has hit bottom?
    I am not going to commit myself, it could do anything!
    If you are into trend lines you might think $3.20(ish) and rising a little each day is important;

    if you are me (you're not are you?) then see a few posts back.

    If you are you then what do you think?

    Best Wishes
    Paper Tiger
    om mani peme hum

  16. #56
    Senior Member
    Join Date
    May 2002
    Location
    ChCh, , .
    Posts
    1,088

    Default

    dear paper T....I have the answer....MET has a NTA of 334.85 and has a MkT value of some $600 million
    ....RYM has a NTA of 146.89 and has a MKT value of some $3,200 billion (CEN is $3.7 billion)

    ...do you see what I saying here.....say RYM were to buy MET and apply their "nous"....everyone would be happy huh !!!!!!....

    ...do you thinks I should patent this idea perhaps......
    Last edited by troyvdh; 29-05-2013 at 12:34 AM. Reason: spelling

  17. #57
    Member
    Join Date
    Mar 2013
    Posts
    238

    Default

    8:31am, 30 May 2013 | PLACE

    30 May 2013
    Metlifecare Announces $70m Capital Raising to Reduce Debt and Fund Growth
    TARGETED BUILD RATE OF 200+ NEW UNITS AND BEDS PER YEAR BY FY15
    Leading retirement village and aged care provider, Metlifecare Limited, is raising $70 million in new capital from a placement to institutional and eligible investors. Metlifecare has achieved its stated goals following the 2012 merger and is now looking to strengthen its balance sheet and fund future growth. Goldman Sachs is underwriting the placement and acting as sole lead manager, placement agent, and book runner.
    Following the institutional placement, Metlifecare is offering a Share Purchase Plan (SPP) to eligible shareholders, with further details to be announced in due course. This will enable all Metlifecare's shareholders to participate in the offer.
    Since July 2012, when the merger with Vision Senior Living and Private Life Care Holdings was completed, Metlifecare has delivered on the objectives outlined in the June 2012 prospectus. The company is on track to exceed its cash flow target of $60.7 million1 for the 2013 financial year, has undertaken two significant asset sales ($38 million) and is continuing to maintain and enhance its continuum of care at existing villages.
    Following the capital initiatives, Metlifecare's non-development debt is expected to be substantially eliminated. Chairman of Metlifecare, Mr Peter Brown, commented: "The capital initiatives announced today are intended to ensure there is more capacity to progress consents and developments on our existing sites, allow us to further expand our greenfield land bank and fund the development of aged care facilities and services. Our build rate is targeted to increase to 200+ new units and beds per annum by FY15."
    Metlifecare is an established operator, with a balanced portfolio of mature and new villages. The company's portfolio is located in the North Island, with the majority of villages located in the premium Auckland, Hamilton and Bay of Plenty regions.
    The company currently operates 23 villages, comprised of 3,812 units and 361 care beds. It has a further pipeline of 903 units and care beds, of which 78 are currently under construction. In addition, greenfield sites, at Unsworth Heights and Glenfield in Auckland, are at various stages of resource consent and planning and will contain care facilities and the full continuum of care.
    If Retirement Villages New Zealand Limited does not participate in the capital raising, its shareholding will reduce from approximately 43% to approximately 39% following the placement.
    Key Dates:
    - Trading halt on NZX Thursday 30 May 2013
    - Offer opens and bookbuild commences Thursday 30 May 2013
    - Offer closes, allocations advised and trading halt
    lifted To be advised
    - Settlement of placement and allotment and trading of placement shares Thursday 6 June 2013

    The Metlifecare board has also agreed that the company will seek an ASX listing shortly following the placement and SPP in order to enlarge its shareholder base.
    Further information on these strategic and capital raising initiatives can be viewed in the presentation on the company's website and accompanying announcement on the NZX.
    1 The cash flow target is exclusive of one-off integration costs and interest cost.
    ENDS

  18. #58
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,164

    Default

    Capital raising (Institutional and SPP) to eliminate non development debt and increase build rate:

    https://www.nzx.com/companies/MET/announcements/236828

    Also will seek ASX listing

    Strategy update: https://www.nzx.com/files/attachments/176000.pdf
    Last edited by CJ; 30-05-2013 at 08:45 AM.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  19. #59
    Member
    Join Date
    Feb 2013
    Posts
    79

    Default

    What do people feel about SPP for MET? Unlike the other one (SNK) I am not sure this is one that I will purchase shares in just to participate in the SPP.

    Edit: Ignore what I said, just realised unlike SNK they are placing a trading halt right now until the SPP is over, so even if you wanted to you can't participate in the SPP unless you already have shares in MET.
    Last edited by glasszon; 30-05-2013 at 09:11 AM.

  20. #60
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,164

    Default

    Quote Originally Posted by glasszon View Post
    What do people feel about SPP for MET? Unlike the other one (SNK) I am not sure this is one that I will purchase shares in just to participate in the SPP.

    Edit: Ignore what I said, just realised unlike SNK they are placing a trading halt right now until the SPP is over, so even if you wanted to you can't participate in the SPP unless you already have shares in MET.
    Not quite right (though I have been blamed for not reading things correctly). My take is there is an institutional build at the moment for $70m. Then there will be a SPP for those on the register at 14 June, I assume allowing you to take upto the maximum $15k the law allows without a prospectus.

    Depending on the price will determine if the SPP is worth taking up.

    Off topic question: With SPP, especially when they are discounted, I have never understood why the record date wasn't at the time of the announcement. Otherwise you get all the games of buying $500 on market to get $15k at a discount.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •