You can't go wrong with holding Metro. Strong brand in NZ. Aussie finally come right.
As mentioned above once they get the debt down to their target (2.5x EBITDA was it??) and they start paying divvys the share price will run to 75-80 cents. Either that or FBU will come along and swallow them up.

With the P/E around 5 currently very little downside and big big upside.