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06-12-2019, 05:28 PM
#821
 Originally Posted by couta1
Good sized seller lurking here.
Same person who started the takeover story ?
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06-12-2019, 05:30 PM
#822
A case of watch this space I think. Santa is lurking and could pay us a visit with an early Christmas present
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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09-12-2019, 08:30 AM
#823
Deal completed over weekend?
Is today the big pay day
Whatever the price I fear beags will think they stole it
Last edited by winner69; 09-12-2019 at 08:31 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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09-12-2019, 09:51 AM
#824
I think updated NTA as at 31 December will be about 2-4% more than the $6.96 as at 30 June 2019 so $7.25 should do it and would be fair and reasonable in my opinion.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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09-12-2019, 11:35 AM
#825
Originally Posted by Beagle
I think updated NTA as at 31 December will be about 2-4% more than the $6.96 as at 30 June 2019 so $7.25 should do it and would be fair and reasonable in my opinion.
Couts theorem would say $7.80 would be fair
Surely theyd sell for more than Book Value
At the top of every bubble, everyone is convinced it's not yet a bubble.
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09-12-2019, 11:44 AM
#826
Originally Posted by winner69
Couts theorem would say $7.80 would be fair
Surely they’d sell for more than Book Value
Coutts might be right. The whole sector is trading at a pretty solid premium to NTA. OCA is the lowest at an 11% premium to NTA.
For what its worth MET's last reported NTA of $6.96 + 11% = $7.72.
My sense is for this deal to proceed the first number must be a "7" as a minimum. I think its highly unlikely the board would agree to any sort of deal below NTA.
What the next number after a 7 is, is anyone's guess.
Last edited by Beagle; 09-12-2019 at 11:59 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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09-12-2019, 04:02 PM
#827
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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09-12-2019, 05:01 PM
#828
ACC have bought a couple of million (2.2) over the last 9 months.
The last transaction was a few days ago, which I guess we can assume was a buy taking them over the 1% variation limit.
For clarity, nothing I say is advice....
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10-12-2019, 01:57 PM
#829
Extract from announcement 26 November 2019 - 2 weeks ago
At this stage the company does not anticipate providing any further update on
this matter for at least the next two weeks.
Obviously its been 2 weeks but they did say "at least" two weeks.
I am hopeful for an update in the next week or so. I believe to get the support of the board, as previously mentioned, any deal has to start with a 7 as the first figure.
Anything less than NTA of $6.96 would have this dog in "full cry"...get your earmuffs on standby just in case 
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-12-2019, 12:36 PM
#830
http://nzx-prod-s7fsd7f98s.s3-websit...571/312210.pdf
Original announcement was 3 weeks ago today.
My view on this is the longer negotiations go on and working groups and investment bankers work on this the greater the chance a deal will happen.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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