Metroglass and the problem with wet sock small caps

Metro Performance Glass is a small cap which has been in play (Image: Supplied)

Sat, 09 Aug 2025

My favourite “joke” is if you want to make a portfolio of companies that will be taken over, just get a dart board with a bunch of NZX mid and small caps. You’ll likely be right! OK, maybe you will need to wait for a year or two or whatever, but at some point the company will go “Ok, guys, we have a non-binding indicative offer, what do you think?”Just kidding. There’s a strong likelihood the company will say, “Well, we are a very serious board and we have a skills and capabilities matrix, and...

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