MET - Metlifecare - one for the fundies?

[Beagle]

Closed at $6.12 up 12 cents. Its going to be fascinating how this plays out. I'm up for this and committed to hold while its well under fair value which I assess at $7.25

I have no need for extra cash for Christmas but completely understand if others do or want to take a quick profit.

[Scrunch]

Okay, yes, the valuation range extends to $8+. This does not mean an offer at say estimated NTA as at 31/12/19 of $7.25 would be rejected. I think its well worth noting that the board told the credible interested buyer that $6.50 was below its view of fair value (indicated that it would not be supported)..

And where is the 50/50 split the difference point between $8.00 and $6.50? $7.25 spooky eh

[trader_jackson]

Well, so far it looks like SP keeps rising ... which means Mr. Market agrees they are currently too cheap.

Mr Market only agrees they are too cheap because there is a prospect of a takeover, which Mr Market deems, at this point in time, would go ahead.
If there is no prospect of quick easy money, I highly doubt we would see the share price anywhere near this high... hence it will be intriguing to see what eventuates.

[winner69]

So MET and their expert advisors update their models (presumably DCF models) and come up with $8 plus as a value

We know what some on here think of DCF’s - pretty meaningless and just a heck of a lot of guesses (sorry assumptions) about where things are going well into the future and then apply a discount rate to get the answer you want

Wonder what their “low” scenario is?

[winner69]

And where is the 50/50 split the difference point between $8.00 and $6.50? $7.25 spooky eh

That is definitely spooky possums stuff

Possums and Beagles get same answer

[winner69]

Announcement a bit like Labour release of harassment claims yesterday

Wait until the journos are at a party and hope nobody notices

Probably many broker / analysts / fundies have gone for the year (got to beat the traffic jams and the disruptions to AIR flights) and having a few drinks to reflect on the year just gone

[macduffy]

I'm with Beagle on this one. The offer has thrown MET into play and others are, or will be interested now. Admittedly, it's easier to be patient if one doesn't need the money in a hurry.

[winner69]

Hey winner what you going to do? wait or cash up for Christmas, think I'll toss a coin.

Hi Couts, I was 10 cents out this morning, need to check my hearing

Not the greatest update was it ....any action if any some time off I reckon

Hope a bit of enthusiasm tomorrow ...like you might toss a coin then

[winner69]

I'm with Beagle on this one. The offer has thrown MET into play and others are, or will be interested now. Admittedly, it's easier to be patient if one doesn't need the money in a hurry.

Maybe it’s been in play for a while and $6.50 is the best they’ve managed to get ...so far

Note NZ Super Fund not mentioned in the announcement ...hmmm

[Beagle]

Attachment 10906Attachment 10906

My friend Crackity sent me this.