MET - Metlifecare - one for the fundies?

[dabsman]

I've been buying a lot (well for me) in the 4's. I really didn't care to much about anything except the deep discount to NTA. I assumed that it could become a takeover target. Anyway share price movement is share price movement in the end

[winner69]

Well I was encouraging you that way a couple of weeks back, you spotted the opportunity so should have backed yourself.

Couts, I think beagle was really worried about the leaky buildings problem and that put him off

Obviously not a worry anymore

[Beagle]

Well I was encouraging you that way a couple of weeks back, you spotted the opportunity so should have backed yourself.

I've known for weeks that I'm doing a real Couta on Barramundi warrant exercise today, I can't do a Couta everywhere mate or I'll turn into one
Leaky buildings still a problem, of course, but the discount to NTA already encapsulates that issue they're steadily working through, many times over...

[sb9]

Couts, I think beagle was really worried about the leaky buildings problem and that put him off

Obviously not a worry anymore

Well, there was big crossing earlier of 1.3ml share at $4.76 each. Buy back might help, but still systemic issues lie there.

[winner69]

When is Oceania going to do a buyback ....seems the thing that laggards do these days

[Beagle]

They have there 4-5 year program they're steadily working their way through on remediation issues and they're certainly not the only retirement village operator with problem buildings to fix. Discount to NTA in my opinion is because a lot of people took a very negative view on Auckland property prices and where they were headed and thought we would follow Sydney and Melbourne. Emerging evidence all round including in Sydney and Melbourne that the bottom is in and we're on the up and up.
More details on buy-back next month. In the meantime, no worries

[couta1]

When is Oceania going to do a buyback ....seems the thing that laggards do these days

Macca dont want to eat any more peanuts, he wants to spit them out.

[Beagle]

When is Oceania going to do a buyback ....seems the thing that laggards do these days

Maybe SUM other company might do one seeing as they're still more than a dollar less than this time last year despite growing earnings heaps.

[winner69]

At least MET are getting the cash for the buyback from selling something ...better than borrowing even though they say they have a ‘robust’ balance sheet

No doubt most punters believe buybacks are the bees knees

[winner69]

Auckland house prices to boom

Auckland's next house price boom could be on the verge of taking off, leading to warnings to first-home buyers to buy now or risk being locked out of the market forever.



https://www.nzherald.co.nz/business/...ectid=12280515

It’s a Westpac economist report so take it with a grain of salt but whatever it’s the sort of news MET Shareholders love