Given my intention to hold through until I accept the $7 offer, let's hope you are right - a nice bonus for 2020!
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Keep a ticket to the dog show, it'll be more entertaining than a Cruft's one https://www.bing.com/videos/search?q...%26FORM%3DVDRE
Probably that EQT outfit stacking the buy side, mop as many up as they can to cement the deal.
1.1 mill odd shares on the bid side $6.80-$6.81, as if retail punters are going to sell them that many. Lol
A whopping 4.5m shares done yesterday at that level and today so far, less than 40,000. I think its fair to say that the number of shareholders prepared to sell at ~ $6.80 is drying up quite fast :)
Unfortunately, to me, it seems some big holders think this is likely to be the only serious offer although MET is still in the play.
Consents notwithstanding, EQT seems set to add a chunk of NZ’s retirement residential real estate to its portfolio with an impressive performance record. Swedish pension funds will be the beneficiary from the outlays of NZ pensioners. I think it is a pity for NZ as a whole.
And yep to a previous poster. The times NZ companies do make overseas investments, they often seem to get dogs. Whereas overseas companies do seem to snaffle cheaply so many good NZ pedigrees.
I'm not selling them my shares. If they can see the value at this price range, that's good enough reason for me to hold. I've always thought of MET as one of the 3 main companies in the rest home sector that I should own. In a way, I'm a bit disappointed that I'll be losing one of my long term hold companies.
So if EQT are buying on market currently then the more shares they buy around current price the less they have to pay $7 for, very cunning.