TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Oct 20, 2023 8:18pm
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Post# 35694110
RE:RE:RE:RE:600k volume
RE:RE:RE:RE:600k volume DZ Trader, I am just speculating and think there are a few different funds who have bought large positions in the past several months. We know the TD guys were/likely continue to be Edgepoint based on my own math, I had that buyer at or above 10% and here we are - possibly deeked out by Manji by missing the window on filing the deletions and showing an artificially high unit count? That's unclear of their intention. Edgepoint is not afraid to take large positions in their main core holdings so I think they see opportunity as the rest of us do. It will be interesting to see what fund they have added Artis REIT in.
Still think the BMO "block buyer" is in the millions now. No idea who they are but certain it isn't the same buyer as TD/Edgepoint.
The huge Desjardins buyer, that could be multiple parties but Quebec-based. Maybe Palos Asset Management. There was a portfolio manager named Cimon Plante at National Bank who was enticed by Manji's activism and recent insider buying - I posted the Youtube link when I saw it.
Overall I find it encouraging that large funds are willing to take sizable positions into what is becoming a very illiquid and tightly held REIT.
These guys all have more resources then me and may have caught wind of a successful asset sale? The Edgepoint guys started to bid this up almost immediately when the review was announced so not confident they "know" anything magical. The BMO guys or Desjardins guys today I would be less certain about on knowledge neutrality. Some guys have "top notch" real estate data.