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Thread: MVN Methven

  1. #466
    CROESUS U.T.
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    I had a call tonight, also with similar questions except that directors were for sale. When I asked who she worked for I think the name was Georgeson or similar. When asked a direct question about whether they acted for Methven she said no and would not comment on who their client was so my supposition is that they are acting for the Oz buyer. When I said that it was the first time in about 40 years that I had encountered such a practice and that that I found it a little bizarre she said that she would pass on to her management. Yeah right.

  2. #467
    An Awesome Cool Cat winner69's Avatar
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    Stunning result ....share price should be over 2 bucks on back of this

    By their high stands are a pretty poor presentation this time but no need to try to impress now. Will miss their presentations ....always been good for a laugh over the years

    http://nzx-prod-s7fsd7f98s.s3-websit...216/295878.pdf
    “Imagination is more important than knowledge.”

  3. #468
    percy
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    christchurch
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    Quote Originally Posted by winner69 View Post
    Stunning result ....share price should be over 2 bucks on back of this

    By their high stands are a pretty poor presentation this time but no need to try to impress now. Will miss their presentations ....always been good for a laugh over the years

    http://nzx-prod-s7fsd7f98s.s3-websit...216/295878.pdf
    Read it again.
    Nett profit and eps are well down .
    Usual window dressing.

  4. #469
    Reincarnated Panthera Snow Leopard's Avatar
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    Jul 2004
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    OK Just sold out of this one.
    With only about 1.6c (1%) of upside could not see the point of hanging on any longer especially when TRA or AIR or ??? may need some support.

    PS It is a beautiful morning here.
    om mani peme hum

  5. #470
    percy
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    Very pleasant afternon here.

  6. #471
    Senior Member
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    auckland, , New Zealand.
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    Quote Originally Posted by Snow Leopard View Post
    OK Just sold out of this one.
    With only about 1.6c (1%) of upside could not see the point of hanging on any longer especially when TRA or AIR or ??? may need some support.

    PS It is a beautiful morning here.
    What about the dividend you are going to mis?

  7. #472
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by forest View Post
    What about the dividend you are going to mis?
    Unless I misunderstood:
    Takeover price is $1.60
    dividend is expected to be 'about 4.69 gross imputed to 14%' or about 3.6c to me.
    Wait for $1.636 or take $1.62 (minus a little brokerage)

    Plus I see other opportunities .
    om mani peme hum

  8. #473
    Senior Member
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    Aug 2002
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    You right Snow Leopard, there is a chance we get 2H19 dividend as well but only if scheme of arrangement is delayed.
    Seem like you have done the clever thing.

  9. #474
    Senior Member
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    Anyone noticed quite large volumes recently - rival bid coming...?

  10. #475
    Senior Member
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    Quote Originally Posted by tim23 View Post
    Anyone noticed quite large volumes recently - rival bid coming...?
    Yes, could be a sign. Large volume at price close to offer price.
    I also noticed that the directors have an out to their acceptance to the scheme of arrangement if a better offer comes forwards.
    Special meeting tomorrow, will be interesting if a rival bit comes forward.

  11. #476
    Senior Member
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    Aug 2002
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    auckland, , New Zealand.
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    Default GWA share holders seem to see potential.

    GWA.AU - GWA Group Ltd - Ordinary Fully Paid
    Last DCF Gap VWAP Buy Sell High Low First Volume Value
    324 ˘
    (AUD)
    6 1.9%
    12/03 16:10 AET
    322.87 324 325 326 316 320 782,861 $2,527,644

    MVN share holders have voted and the company will be part of the GWA group.
    The market reaction was positive for GWA share holder, share price up 1.9% on day of confirmation to own MVN. Aus market flat that day.
    Buy buy MVN, just when the turn around was close.

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