MET - Metlifecare - one for the fundies?

[bottomfeeder]

I wouldn't never advocate gold, silver, or bitcoin. But I would have to agree that Kiyosaki was right about cash. Fake money, monopoly money, is what is going to happen to the money supply. Hyper inflation will mean the only assets worth having will be property, particularly those assets such as retirement villages that have captive demand, regular captive income and a guaranteed future. I don't want the cash, it is too fleeting in value. If this takeover goes ahead, watch other village shares go up as investors will look to place the cash.

[Beagle]

I wouldn't never advocate gold, silver, or bitcoin. But I would have to agree that Kiyosaki was right about cash. Fake money, monopoly money, is what is going to happen to the money supply. Hyper inflation will mean the only assets worth having will be property, particularly those assets such as retirement villages that have captive demand, regular captive income and a guaranteed future. I don't want the cash, it is too fleeting in value. If this takeover goes ahead, watch other village shares go up as investors will look to place the cash.

This is the smart way to play this takeover thing. OCA will be the only retirement company left trading at a sizeable discount to asset backing. OCA are trading on a pre covid 19 historical underlying PE of just 9, (which means you are getting all future growth for all time for nothing) and appear to have a sustainable dividend yield of 6.6% and the vast majority of their income is from Govt funded care. I think OCA will get a significant boost if the MET takeover happens, (or more likely a negotiated settlement) as investors reallocate the proceeds of the takeover back onto the sector. I like both MET and OCA but am more comfortable holding OCA long term with their much higher yield and arguably more resilient business model.

For the life of me I cannot see any logic in holding any of the other retirement companies that are trading at a premium to asset backing. I think Salt are bang on the money with their short on vastly overrated RYM. I also think SUM's profits are very vulnerable to a substantial pullback, (60% of profits came from development last year), such a pullback being driven from increased cost of construction and ongoing inability to sell even the reduced numbers of units they're building.

ARV should do okay but I see much better value in MET and OCA.

[peat]

being short RYM likely means that they can go hard on the long side of the equation as sectoral risk is greatly reduced - something a fund will have to bear in mind

[winner69]

Wow ...big shareholders support MET

Dont we all

http://nzx-prod-s7fsd7f98s.s3-websit...446/322925.pdf

[bull....]

that make the avpg group take notice lol

[fish]

that make the avpg group take notice lol

They have no choice starting in a weeks time

[Balance]

They have no choice starting in a weeks time

Precisely - and big shareholders coming out to support MET is all about sending a message to go ahead and spend the millions of dollars required to take on AVPG.

Out of court settlement is my guess of how AVPG is currently contemplating.

[dubya]

Precisely - and big shareholders coming out to support MEWT is all about sending a message to go ahead and spend the millions of dollars required to take on AVPG.

Out of court settlement is my guess of how AVPG is currently contemplating.

Sooooo let's assume if there is an out of court settlement...... how much would be acceptable to MET? ........ after legal fees if paid out to shareholders ..... just over 213 million shares on register.

[bull....]

big s/h supporting met means they dont mind if met pays millions in court costs thats all. as was the case with cml in aus big s/h actually took legal action themselves as well as the company and still meant jake at the end of the day.

[Cyclical]

Sooooo let's assume if there is an out of court settlement...... how much would be acceptable to MET? ........ after legal fees if paid out to shareholders ..... just over 213 million shares on register.

$1 per share works for me. Although I guess the taxman takes away a 3rd of it, which isn't so appealing.