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News Focus
C.GRCM | 5 hours ago VANCOUVER, BC, June 7, 2024 – Geologica Resource Corp. (CSE:GRCM, FSE:862 ) (“Geologica” or the “Company”) is pleased to announce the closing of its previously announced financing and property acquisition. The Company intends to issue 4,301,450 Units at $0.035 per unit for total proceeds of $150,550 (the “Units”) each Unit consists of a share and a whole warrant. Each warrant may be exercised for 1 (one) share for 2 (two) years from closing for $0.05. A warrant holder must exercise the Warrant, within 30 days of the shares of the Company trading at a 20 day VWAP of $0.20 or greater once the 4 month statutory hold has expired. The Company paid finders fees of $10,928 and issued 312,229 finders warrants. The warrants have the same terms as above. The proceeds of the financing will be used for exploration work and general administration. In a sperate transaction the Company issued 2,000,000 shares to complete the acquisition of the Topley West Property as announced March 28, 2024. The Company has also issued 100,000 shares at a deemed price of $0.045 to settle outstanding debt with an unrelated party. The securities issued under the financing will be subject to restrictions on resale for 4 (Four) months and a day, pursuant to applicable Canadian securities laws and the rules of the Canadian Securities Exchange. TOPLEY LANDING PROJECT TOPLEY LANDING PROJECT The claims to be explored at Topley Landing are overlapped by Lake Babine Nation (LBN) traditional territory; In consultation with the Lake Babine Nation, Geologica has been granted access to Topley for completion of an IP survey; Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas; The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on-trend past-producing Granisle and Bell copper mines; American Eagle Gold Corp. has discovered a copper deposit on trend with Topley; The property is located in central BC, is road accessible and cost effective to explore year round BC Hydro power lines transect the property and several water sources are available on the property; Rail Access to tide water is only 40km away; Porphyries contain the largest reserves of Copper and close to 50% of gold reserves in BC; Topley Property consists of 11 mineral claims totaling 4,216 Ha with six known prospects and showings. About Geologica Resource Corp. Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. Further information on Geologica Resource Corp. can be found on the Company’s website https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca Doug Unwin President & CEO (604) 762-5355 doug.unwin@geologicaresource.com Forward-Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “ensuring”, “believe”, “anticipate”, “will”, “would” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. Tags: INDUSTRIAL METALS & MINERALS 0 Related News @ the Bell: Resource stocks lift TSX 21 hours ago @ the Bell: How did markets react to the BoC rate cut? 1 day ago @ the Bell: TSX hits one-month low 2 days ago Recent U.S. Press Releases Geologica Closes Financing And Property Acquisition 5 hours ago INDUSTRIAL METALS & MINERALS ADDITION OF NEW COPPER CLAIMS AT TOPLEY PROJECT April 18, 2024 INDUSTRIAL METALS & MINERALS Xcyte Digital Corp. Purchases Assets of A+ Conferencing April 3, 2024 TECHNOLOGY More Press Releases » Featured News Links Flow Test and Laboratory Analysis Confirm a Major New HELIUM Discovery in Minnesota This Small-Cap Gold Stock Keeps Notching Up High-Grade Gold in Nevada Thematic Insights: Free Podcast Exploring Market Trends & Emerging Sectors Get the latest news and updates from Stockhouse on social media facebook twitter linkedin Follow STOCKHOUSE Today (click to learn more)
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Diversified Royalty Corp T.DIV

Alternate Symbol(s):  BEVFF | T.DIV.DB.A

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.


TSX:DIV - Post by User

Post by JayBankson Feb 16, 2024 7:33pm
218 Views
Post# 35885317

As it looks right now…

As it looks right now…

So these are some rough napkin numbers to look over, but take them with a grain of salt or accuracy...

Last quarter we ended with 143.4 million shares outstanding, the private placement adds 20.3 million, add in approximately .3 from the DRIP that will give us about 164 million shares... the private placement = 12.4% of the final total for dilution... It was upsized but I don't think it's finalized so that may change going forward...

In Q3 we recorded 9.1M in distributable income on the 143.4M shares = 6.37 cents per share or 25.48 cents per year. (I used more rounded numbers here which conflicts with the 25.52 which are likely more exact I mentioned on November 8th)

That 9.1M divided by the current projected shares of 164 million now = 5.57 cents per share or 22.28 cents per year.

Interesting to see, but not really that useable as there are moving parts. So DON'T freak out that it's way over the payout ratio.

Q4 numbers that are upcoming will be calculated on the shares before this placement, and I expect to see a distributable income number that rises likely between 9.5 & 10M and show around 6.5 cents per share. Which again, will be interesting to look at, but useless going forward for the same reasons as the above.

The next big data point for us currently, won't be until Q1 (3 months from now) where as these shares are calculated into the numbers. At that time Q1 should feature increased rates on a couple royalties, increased store royalty pools, lower interest expenses, amongst other things I'm not thinking of right now... Currently it looks like the payout ratio will be extreamly close to 100% maybe over temporarily (on paper). It's really hard to project those numbers that far out, but they may have distributable income in the 10-11M range at that time which would be about 6.1-6.7 cents per share (6.25 is 100% coverage on 25 cents).


How I would use this for a target share value if you believe my numbers above and how I've attempted to value things before. On 10M distributable income in Q1 that equals 6.1 cents per share (24.4 cents per year) @:
2.50 = 9.76% (distributable income per share yeild)
2.60 = 9.38%
2.70 = 9.04%
2.80 = 8.71%
2.90 = 8.41%
3.00 = 8.13%
3.10 = 7.87%
3.20 = 7.63%
3.30 = 7.39%
3.40 = 7.18%
3.50 = 6.97%

Based on Dividend yeild averages the past several years I've stated what I see as a 'fair value' is in the range of 8.1-7.25%, but what I've just calculated is based on 'distributable income', so at 100% payout ratio these are equal, but I'm sure most of us would like to see extra coverage so I would shoot a little lower to create a value. Previously a good target range to shoot for was likely $3.09-3.45, currently on a very rough estimate, $2.95-3.30 likely is a good target range of value with this private placement of shares taken into consideration. So I would say the needle only moved about 15 cents lower in my eyes, not pleased about it, but not that worried either.

Of course this is thrown out the window if we make anouther acquisition, and will need to be revisited after the Q1 release and we have ACTUAL figures to use rather than my 'maybes & ifs' which are up for debate on accuracy
 

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