Forum Archive Index - May 2002

["Herbert Ramsay" <herbertramsay@hotmail.com>]

Hi Phaedrus

MET's net earnings of $7.2 million for the year ended December 2001 wasn't news yesterday - it was reported sometime before 15th March, which is the deadline that companies with 31st December balance dates have to report by so the market already knew about it at MET's AGM yesterday.

>From: Phaedrus

>Reply-To: sharechat@sharechat.co.nz

>To: Sharechat@sharechat.co.nz

>Subject: [sharechat] MET

>Date: Thu, 30 May 2002 15:04:38 -0700 (PDT)

>

> At their AGM yesterday, MET reported net earnings of $7.2 million for the year ending December, compared with just $0.5 million in 2000. The market responded to this news with a drop of 5 cents to $1.27, a fall of nearly 4%. Talk about funny mentals!

> The chart shows rather more optimism, overall.

>

> Phaedrus.

>

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