Metlifecare attracts 'credible' bidder after biggest trading day in 2 1/2 years

Metlifecare attracts 'credible' bidder after biggest trading day in 2 1/2 years
Paul McBeth
Metlifecare has suspended its share buyback programme as it considers a "credible" suitor who's lobbed in a sub-par conditional offer.Yesterday, the company's shares had their busiest trading day in more than two-and-a-half years. The retirement village operator and developer had only just embarked on a $30 million share buyback in an effort to bridge the discount between its share price - currently at $5.08 - and its net tangible asset value of $6.96. That's been shelved for now while the board considers a "highly conditional, non-binding...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025