A lot of people think he has to much on his plate and is getting too old. I note its his last year of tenure. Probably a good idea he stays on this year and helps steer the ship through the one in one hundred year storm. Frankly he's made it crystal clear they will be badly affected by this virus so I see no reason for this to trade at a premium to NTA, especially when you start thinking about what Covid 19 adjusted NTA might be, ($4 anyone ?). Talk of no dividend tells you this is going to have a significant impact, and he must be talking substantial impact because he mentions it twice and then there's talk of a prolonged downturn.
http://nzx-prod-s7fsd7f98s.s3-websit...315/321512.pdf
MET must be absolute genius's to only be looking at a 4-5% underlying profit impact this year eh Winner. Sounds like Rob and Julian softening people up for a substantial, maybe 40% drop in profit :eek2: