MET - Metlifecare - one for the fundies?

[Beagle]

This is not just specific to MET. I don't rate share clarity at all. My opinion of them is so low I don't take any interest whatsoever of their DCF values even though Direct Broking annoyingly displays them on any depth enquiry.

For what its worth for anyone who might be tempted to think they know what they're doing, Share clarity's DCF's on other sector stocks, OCA 92 cents, SUM $4.97, RYM $9.61 ARV $1.15. Good luck trying to buy any of those shares for those prices lol

[King1212]

Update early next week..could play out well according to NZ herald

[winner69]

Apparently we have to chant this very morning

‘Metlifecare, Gotta buy more!’

[whome]

Whoa Winner, wonder where that came from LOL.

[Joshuatree]

The Winners have prob had a triple shot flat white in the sun at Oriental, gives one a rush

[Beagle]

Apparently we have to chant this very morning

‘Metlifecare, Gotta buy more!’

We had to change that from "you can't have too many" because that didn't work out too well with OCA lol

[winner69]

We had to change that from "you can't have too many" because that didn't work out too well with OCA lol

Thought of that when I.heard

Oceania a real dog eh .....doubt if the hype will even become reality

[Beagle]

Jury is out on OCA. If they can maintain profitability in their care business, (I am a little sceptical) then they will be good over the long term and steadily over the years as their business model changes earnings will rise.

Could be an interesting week for MET.

[Beagle]

Chris Lee (might have been following the barking or following his own nose to come to the same possible conclusion), names Summerset today in his newsletter as one possible party quite likely to be on the fishing expedition for MET. Makes sense as (previously noted) there is likely to be substantial synergies to be gained from such a possible deal.
If its some sort of scheme of arrangement which was ostensibly a merger of sorts they could name the new entity SUMMET, or perhaps better still for branding purposes "Summit" which has quite a nice feel to it
I wouldn't be surprised to see a trading halt at some stage this week.

[Scrunch]

Chris Lee (might have been following the barking or following his own nose to come to the same possible conclusion), names Summerset today in his newsletter as one possible party quite likely to be on the fishing expedition for MET.

Could be an interesting merger. The following consider MET (FY Jun 2019) +SUM (FY Jun 2019) vs RYM (FY Dec 2018)

Total Revenue $131m+$137m vs $382m (70% RYM)
Underlying net $90m+$99m vs $227m (83% RYM)
Independant living 3984+3732 vs 6,878 (> RYM)
Care beds (440+494)+858 vs 3,660 (49% RYM) - But OCA indicates margins are low
Net Assets $1,481m+$978m vs $2,170m (> RYM)
Total Assets $3,516m+$2,766m vs $6,652m (94% RYM)
Interest bearing $279m + $453m vs $1,324m (55% RYM) - So there's scope to increase this
New unit sales 116 + 339 vs 414 (> RYM)
Resales 369 + 301 vs 824 (81% RYM)
Land bank 1327+(3910+540) vs 6,593 (88% RYM)
Market Cap (today) $1,237m+$1,674m vs $7,220m (40% RYM)

Both SUM and MET could increase to $10 each and the market cap would still be under 70% of RYM

PS Hopefully no typo's have crept in above