Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures T.AD.DB

Alternate Symbol(s):  ADLRF | T.AD.DB.A | T.AD.UN

Alaris Equity Partners Income Trust (the Trust) is a Canada-based private equity company. The Trust, through its subsidiaries, provides alternative financing to private companies. The Trust’s operations consist primarily of investments in private operating entities. The principal objective of the Trust is to generate stable and predictable cash flows for payment of distributions to unitholders of the Trust. The Trust offers a range of services, which include services, healthcare services, industrial services, professional services, information technology services, and construction-related services. The Company’s investments are made through a wholly owned Canadian corporation, Alaris Equity Partners Inc., and its American investments are made through, Alaris Equity Partners USA Inc. (Alaris USA) and Salaris USA Royalty Inc. (Salaris USA). The Trust also has a wholly owned subsidiary in the Netherlands, Alaris Cooperatief U.A. (Alaris Cooperatief).


TSX:AD.DB - Post by User

Post by ace1mccoyon Dec 09, 2020 1:02pm
349 Views
Post# 32068475

Comments / Upgrade G&M Dec 9

Comments / Upgrade G&M Dec 9

Desjardins Securities analyst Gary Ho said he’s “encouraged” by Alaris Equity Partners Income Trust’s (

AD-UN-T +2.94%increase
 
) “positive” corporate update and “its ability to execute on investments in the current environment.”

 

On Tuesday, the Calgary-based firm confirmed the closing of a $46-million bought deal. It also announced a raise in its fourth-quarter revenue guidance to $31-million from $26-million, leading Mr. Ho to raise his earnings and capital deployment expectations through 2022.

Upon resuming coverage following the equity raise, Mr. Ho also raised his target for Alaris units to $18 from $16.50, keeping a “buy” rating. The average is $17.50.

“The higher valuation reflects an improved capital deployment outlook and continued performance in its existing portfolio, highlighted by earlier-than-expected distribution payments from Kimco and BCC,” he said.

 

“The units remain attractively valued, trading at 1.0 times P/BV with an 8.3-per-cent distribution yield.”

Elsewhere, CIBC World Markets analyst Scott Fromson upgraded Alaris to “outperformer” from “neutral” with a $19 target, rising from $15.50.

Scotia Capital’s Phil Hardie increased his target to $16 from $15 with a “sector perform” recommendation.

<< Previous
Bullboard Posts
Next >>