MET - Metlifecare - one for the fundies?

[percy]

Craigs research out today rate them a buy with a target price of $7.

[troyvdh]

I wonder if Craigs research have considered that on occasions corrective work done on leaky buildings has been found to be ..well...no better..than the original build.

[trader_jackson]

Craigs research out today rate them a buy with a target price of $7.

Forsyth also updated, $6.80, up just 10 cents.
Neutral rating

You'd think with MET's and SUM's fantastic results, both ahead of Forsyth's forecasts they'd be a bit more optimistic? In the case of SUM, their share price is up barely 4ish percent, despite lifting profit like 50 percent...

[JeremyALD]

Forsyth also updated, $6.80, up just 10 cents.
Neutral rating

You'd think with MET's and SUM's fantastic results, both ahead of Forsyth's forecasts they'd be a bit more optimistic? In the case of SUM, their share price is up barely 4ish percent, despite lifting profit like 50 percent...

There's so much in the media around slowing house prices so I'd expect gains to be slow until sales start picking up again.

[macduffy]

Interim report. Not sure why this is lodged a fortnight after the interim profit announcement?

https://www.nzx.com/files/attachments/254762.pdf

[trader_jackson]

https://hotcopper.com.au/resources/i.../#.WOYh4YVOL4c

Deal is done... Infratil out, selling at 7.6% discount, which probably isn't that bad given the size of the transaction... next question: what will the opening price be tomorrow?

[kiora]

https://hotcopper.com.au/resources/i.../#.WOYh4YVOL4c

Deal is done... Infratil out, selling at 7.6% discount, which probably isn't that bad given the size of the transaction... next question: what will the opening price be tomorrow?

Weird,leaving plenty of money on the table again.

[macduffy]

https://hotcopper.com.au/resources/i.../#.WOYh4YVOL4c

Deal is done... Infratil out, selling at 7.6% discount, which probably isn't that bad given the size of the transaction... next question: what will the opening price be tomorrow?

I'd be surprised if someone doesn't make the market at a small margin above the placement price.

[Beagle]

I'd be surprised if someone doesn't make the market at a small margin above the placement price.

That happened. Worth noting that Z went on to do very well after Infratil sold for ~ $6. Not my most favored stock in this sector but good value at the current price.

[Bjauck]

A site in Botany purchased. A good location close to Howick, which has many potential customers for MET! Although there are two other MET villages close by.
https://www.nzx.com/companies/MET/announcements/300350