Todd Energy is a diversified energy company based in New Zealand.Todd Energy is part of the Todd Corporation. 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 … 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. Metlifecare advised the third party that it would provide access to due diligence at the preliminary NBIO price but indicated this was below the Board’s view on value. For now, the outlook for Metlifecare is one of heightened risk and uncertainty. Metlifecare Limited (MEQ) is an aged care and retirement lifestyle company listed on the NZX and ASX. Each researcher is dedicated to offering you urgent and useful ideas that could help you improve your finances. Metlifecare is one of New Zealand’s largest retirement village operators. MET.NZX Metlifecare Ltd. 5.92 NZD 0.000 0.00% Become a client . The company’s share price previously reached a high of nearly $7. The share price is well below net assets per share of $6.96. Sign up now to hear this urgent video message... a2 Milk [NZX:ATM]: Is This Kiwi Rock Star Still Worth Investing In? By subscribing, you’ll gain access to our roster of analysts and investment experts from around the world. Put your Investment Case to Hotcopper's 700K monthly unique visitors. New development work-and-sales activity has been put on hold during the lockdown period. Movement in the share price now depends heavily on the impact. We provide high quality market information, featuring real time stock quotes, market data, market news and tools to … You can cancel at any time. A trading halt which went on Metlifecare shares just before Christmas has been lifted, with shares opening at $6.38. The discount “remains a source of frustration for the board and management,” says chief executive Glen Sowry. 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. NZX 50 dragged down by Fisher & Paykel profit-taking. Chair Kim Ellis commented that the Board believed that the share price did not appropriately reflect the fundamentals of the business. Metlifecare CFO departs; joins Air New Zealand. 302 Great South Road Major recent NZX announcements and other Media Releases prior to the delisting of Metlifecare’s shares are available below. Global Share Market database including US, Canada, London, Singapore, Australia, Hong Kong, and New Zealand. Share price rises in anticipation of half-year earnings. Share Market Tools for Successful Investing. Simon is the Chief Executive Officer and Publisher at Wealth Morning. PS: Where might we be seeing bargain hunting opportunities this week — perhaps with less uncertainty? You Can’t Ignore the Potential of This Small-Cap Stock, Global Investing: What Inspired Me to Take the Leap of Faith. Infratil [NZX:IFT][ASX:IFT] Up 20% on Offer: Could It Be Worth More? Investors appear concerned with new and multiple risks: Metlifecare is among many New Zealand businesses operating near the front line of this COVID-19 risk event. The coronavirus shock may change demand patterns in future for retirement village living. 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. Find out by subscribing to our Premium Research. Are there coronavirus cases within the operator’s villages? ‘In line with other operators in the sector, the company’s sales and settlements are expected to be significantly restricted during the Level 4 lockdown with a consequential adverse impact on new sales and resales revenues in the next quarter.’. Metlifecare shares last traded one cent lower at $4.39 and are down 27.5 percent on a year ago. 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. 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. 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