MET - Metlifecare - one for the fundies?

[Bjauck]

In the words of Bonnie Tyler - Turn around.......

Seems to indicate an on-track and well-focussed management approach.

[Snow Leopard]

A totally unspectacular result but the crowd seem to like it.

Stating 200+ units pa from 2015 but that is not spectacular either

Best Wishes
Paper Tiger

...

The term 'Sloth-like' springs to mind

Best Wishes
Paper Tiger

Disc: do not hold

[thedrunkfish]

Can anyone more learned than I shed some light on why this stock has been losing value over the last month or so? Will be looking to top up shortly if it continues.
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[JeremyALD]

Can anyone more learned than I shed some light on why this stock has been losing value over the last month or so? Will be looking to top up shortly if it continues.
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Retirement stocks are down overall and seems like a bit a correction alongside the NZX50 downturn which has dropped 8% in the last month. Nothing to worry about too much but they might fall a bit more on the short term

[BlackPeter]

Can anyone more learned than I shed some light on why this stock has been losing value over the last month or so? Will be looking to top up shortly if it continues.
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I don't know whether I am "more learned" than you - no data to compare.

However - REITs (Real Estate Investment Trusts) are currently going down all over the place (as well internationally) - and while MET is a "retirement stock", the value is basically just locked up in property (and maybe a bit of "brand" and "know how").

Just look at SUM, RYM - or if you want to talk "pure" property: ARG. MET is not alone.

Reason? Maybe an early indication of rising interest rates and falling property prices (shares are normally about 6 months ahead of the events). Could be as well just a correction after a quite stellar bull run. Who knows.

Discl: reduced my holding;

[trader_jackson]

Can anyone more learned than I shed some light on why this stock has been losing value over the last month or so? Will be looking to top up shortly if it continues.
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Despite the drop MET in my view is a much better value than SUM and RYM, in fact due to ARV not really dropping alot in the past month or two, I think it is slightly better value than ARV right now

I could also be tempted

[Bjauck]

Despite the drop MET in my view is a much better value than SUM and RYM, in fact due to ARV not really dropping alot in the past month or two, I think it is slightly better value than ARV right now

I could also be tempted

As areas outside Auckland start to catch up with house price growth, considering MET's relatively higher exposure to Auckland, will that affect MET's relative SP performance compared with SUM and RYM?

[Joshuatree]

Me "Hoop it looks to me like SUM,RYM MET are lagging but following the prop stocks down. Most on the ASX and NZX are down through the 60 and 200DMA; i guess due to the almighty dithering FED likelihood now of raising Int rates sooner.Thats how i see it simplified ,so I'm out or exiting(inaus) until the trend reverses."

Pop that local bubble guys and look at the macro; it will save you money for a great lower reentry. DYOR and look at the big picture.

[trader_jackson]

As areas outside Auckland start to catch up with house price growth, considering MET's relatively higher exposure to Auckland, will that affect MET's relative SP performance compared with SUM and RYM?

You are quite right about MET being more exposed to Auckland than RYM and ARV (both very diversified across the country), although SUM is also quite exposed... and building a fair amount more than MET (in Auckland)
MET also doesn't have the same great continuum of care that RYM and ARV have, but it is big, has experience, and it is cheap(er)... whether this outweighs the disadvantages we've discussed, this is question... I am not sure, but is it more attractive the RYM and especially SUM? at MET's current price, and their current prices (in my view), yes.

[OldGuy]

Me "Hoop it looks to me like SUM,RYM MET are lagging but following the prop stocks down. Most on the ASX and NZX are down through the 60 and 200DMA; i guess due to the almighty dithering FED likelihood now of raising Int rates sooner.Thats how i see it simplified ,so I'm out or exiting(inaus) until the trend reverses."

Pop that local bubble guys and look at the macro; it will save you money for a great lower reentry. DYOR and look at the big picture.

congrats on selling so low!