RE:RE:RE:RE:1 month performanceTheCapitalist wrote: dsark wrote: BullishBaytix wrote: snake123 wrote: Since April 15, as per the compare feature on google finance....XRE REIT sector ETF: +3.93%, DREAM OFFICE: -7.54%. That is one simply DISGUSTING trend. I have to believe that they will resume the NCIB sometime this year. They are just prioritizing debt at the moment, or maybe it would appear, they didn't like the big 20% pop to $20+ and believe the share price will roll back over to $14-18, which it seems to be doing. Gavan must believe this also to dispose of $1mil deferred share value at $20.xx. Whenever they resume the NCIB, I hope it's not that 25,000 share a day bullsh!t. They should tender all shares under $20 so long as their's sellers, so that's a solid floor. Then resume daily 25,000 shares from $20-24.
I question if they will do this. They seem to have another adjenda at this time.. perhaps that will change with next quarters results and the buybacks will be rolling out..... Im going to hold for at least another quarter to see how they are executing but Im honestly sort of neutral on them right now.
At the moment I don't have a position in D but it's still my favourite REIT due to many of its super low metrics (payout ratio, asset strength, debt levels, etc.). I will be back in at D at some point with a huge whack of shares, maybe later this year. Who knows? Anyway, I think snake may be onto something. If Jane Gaven & Cooper thought this was going up to $25 or even $30, they would be buying shares at $20, not selling them. I believe she unloaded ~30,000 shares at $20.XX, which makes me she think she's signalling to the market to let D slide. On the flip side from D's perspective, if they were to buyback shares, it's better to start at $16-18, then $20 I suppose. Better value for shareholders in the long term.
Your thoughts make me wonder if management is going to let the shares slide back to where they were before buying. In which case it may be time to sell and buy back in later on.
My concern is obviously risking that they may buy back shares in the near future.
Not sure if they would be able to drop that far... there has to be a boat load of selling, and there has to be a reason. I dont see how the shares could get back down to 15 again without some sort of really negative catalyst to cause this.