The S&P/NZX 50 index dropped for a sixth session, down 79.34 points, or 0.8 per cent, at 9,707.96. All Rights Reserved. By subscribing, you’ll gain access to our roster of analysts and investment experts from around the world. Metlifecare Limited (MEQ) is an aged care and retirement lifestyle company listed on the NZX and ASX. NZX operates New Zealand capital, risk and commodity markets. Chair Kim Ellis commented that the Board believed that the share price did not appropriately reflect the fundamentals of the business. 302 Great South Road A trading halt which went on Metlifecare shares just before Christmas has been lifted, with shares opening at $6.38. Wealth Morning is an investment resource created exclusively for investors and those looking for opportunities under the radar. You Can’t Ignore the Potential of This Small-Cap Stock, Global Investing: What Inspired Me to Take the Leap of Faith. Simon is the Chief Executive Officer and Publisher at Wealth Morning. No pricing data is available for this time frame, BofA's Top Sector Picks: Financials and Energy, Level 2 Metlifecare House Earnings Announcement for Period Ending S1/2020. Auckland Airport [NZX:AIA]: A Strategic Asset Still Worth Investing In? He recently spent a couple of years working in the hedge-fund industry in Europe. Metlifecare led the benchmark higher, jumping 10.3 percent to $5.76 after Swedish investor EQT made a new takeover bid at $6.00, a dollar less than the original offer but $1.78 more than Friday’s closing price … Access 'Our View' Join ... All stock prices and news delayed 20 minutes. Sign up now to hear this urgent video message... a2 Milk [NZX:ATM]: Is This Kiwi Rock Star Still Worth Investing In? View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … NZX 50 dragged down by Fisher & Paykel profit-taking. Anyone can have an investment portfolio. Over the last year, we can see that the biggest insider purchase was by Independent Chairman of the Board Kimmitt Ellis for NZ$400k worth of shares, at about NZ$5.15 per share. Metlifecare is a leading New Zealand owner and operator of retirement villages, providing rewarding lifestyles and outstanding care to more than 5,600 New Zealanders. Asia Pacific could possibly use the termination clause to step back from the takeover deal. Metlifecare (NZX: MET) New directors for Metlifecare as EQT takes ownership. We provide high quality market information, featuring real time stock quotes, market data, market news and tools to … Sorry, no quarterly data is available at this time. Before it's here, it's on the Bloomberg Terminal. The company’s share price previously reached a high of nearly $7. The last year has been disappointing, with the stock price … Although, according to the company, they are an essential service under COVID-19 rules, there are a number of factors that may be driving a sell-off. It said it had concluded that the offer was as good as the expected future returns on the asset, "and that capital can be better invested elsewhere". By clicking Subscribe you agree you’ve read and accepted our Privacy Policy. View today’s MEQ share price, options, bonds, hybrids and warrants. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. HotCopper has news, discussion, prices and market data on Metlifecare Limited. Search for ticker symbols for stocks, mutual funds, ETFs, indices and futures on Yahoo Finance. Price trends tend to persist, so it's worth looking at them when it comes to a share like Metlifecare. The company had previously entered into a Scheme Implementation Agreement (SIA) with Asia Pacific Village Group Limited to buy Metlife at $7 a share. Each researcher is dedicated to offering you urgent and useful ideas that could help you improve your finances. Whether this will drive further sell-off or attract a flurry of bargain hunters remains to be seen as events and announcements unfold. Today it sits around $3.90. Analysts are concerned that New Zealand’s 43,000 retirement village residents are at high risk of coronavirus infection. HotCopper has news, discussion, prices and market data on METLIFECARE LIMITED. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios. How long will it take for demand for retirement units to kick-start again? Metlifecare to repay $6.8m from government wage subsidy scheme. Share Market Tools for Successful Investing. Are you a Company Director ? So it's clear an insider wanted to buy, even at a higher price than the current share price (being NZ$4.43). Share Market Tools for Successful Investing. Retirement village operators such as Metlifecare and Ryman Healthcare extended their decline. When autocomplete results are available use up and down arrows to review and enter to select. It had acquired 17 percent of Metlifecare in November 2013 at $3.53 per share, taking its total holdings to 19.9 percent. Movement in the share price now depends heavily on the impact. Metlifecare is one of New Zealand’s largest retirement village operators. Major recent NZX announcements and other Media Releases prior to the delisting of Metlifecare’s shares are available below. MET Share Price NZX - Get the latest Metlifecare (MET) NZ share price NZX and detailed information including MET Share Chart, MET Share Detailed Quote and Financials / Fundamental Data. Detailed Share Price, Charts and News for Metlifegroup Ordinary Shares [NZX,MET]. You can cancel at any time. The preliminary NBIO indicated an offer price of $6.50 per share. 22 December 2020 Debt Facility Refinance Executed; 12 November 2020 Chief Financial Officer to … The proposed consideration is also at a premium to the Metlifecare share price at the time this report is going to print. Metlifecare Limited (NZX: MET, ASX: MEQ) has entered into a new Scheme Implementation Agreement (SIA) under which Asia Pacific Village Group Limited (APVG), an entity owned by EQT Infrastructure IV fund and managed by EQT Fund Management S.à r.l., has agreed to acquire all Metlifecare’s shares for NZ$6.00 per share. Pandemic ‘ and the implication of it in New Zealand capital, risk and uncertainty like see! 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