Metlifecare likely to see share price surge, says First NZ Capital

Thu, 05 May 2016

By Fiona Rotherham May 5 (BusinessDesk) - Analysts are picking a likely upsurge in the share price of retirement village operator Metlifecare in coming months due to a ramp-up in development, change in leadership, and supportive conditions, despite the company having traded at a discount relative to its industry peers over the past decade. Metlifecare delivered net profit of $125.7 million in the first half of 2016, more than three times higher than the previous year, mainly due to a lift in list prices for resale units in Auckland and Ba...

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