Diversified Royalty Corp T.DIV

Loaded up

[ReitsRus]

Loaded up At 2.83 2.81 and 2.80 now $2.92, let's get this back to $3.20-$4

[Fannyman2883]

Agreed that this is a great deal. I suspect that we may hit $4+ if we do two or three additional transactions in 2023 like Sean is hinting at. 

[Divies]

Did Sean recently mention the possibility of 2 or 3 more deals in 2023? I must have missed that, when did he mention that?

[Fannyman2883]

In March he had a Globe and Mail interview, and he hinted at starting to accelerate the number of transactions to a couple a year at least. 

[Fannyman2883]

As long as each one is accretive and the dividends can increase with each one, it won't take long until we have a very high dividend per share. Five or six more, which I think is doable in the next few years, and we'll have a dividend of 30 cents+ annually. At today's share price, that means a dividend yield of over 10%! That being said, I'm sure that the share price would be

[hawk35]

Five or six more deals???  Since DiV does not have cash to do even 1 more, do you really want shareholders to go through 600% more dilution than this last deal?  That woud be shareholder value destruction.  Not funny at all.

[Fannyman2883]

They're always accretive deals with a subsequent dividend increase, so by definition they always enhance shareholder value more than the cost of the deal. And just like the cleaning company, they don't need to have money as long as they keep adding additional shares to fund the purchases. They definitely don't ever use their own cash, as they're not a growth company.  

[Capharnaum]

The problem is getting a good accretive deal, if they were that easy to close then it wouldn't take that much time between deals. The reality is that it's tough to do, so I wouldn't expect five more deals any time soon.

[pierrelebel]

Divies asked "... when did he mention that?" Look at DIV November 14th press release: "DIV's objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per

[Fannyman2883]

Exactly. I hope that Sean makes up for lost time in terms of acquisitions. I have a feeling that they'll come fast and furious soon.

[SlickRick40]

Dealflows drying up.    Some keg owners had negative feedback about Morrison, said he's lotta talk no substance.     Then onto the next pump and dump flavor of the month.    

[Tommy123]

This post has been removed in accordance with Community Policy

[SlickRick40]

Let me get this straight.     TransgenderTommy123 works for the Government, is the cheif investment officer of a headge fund and now says ceo of DIV is a neighbor of hers.      The list of lies continues to grow by the day.     Tommy please provide us an update on your top pick Just Energy JE.      You said it would be $10 by now and yet

[Tommy123]

This post has been removed in accordance with Community Policy

[ndiamond]

Also true (busted - lol) that you are Fannyman2883...

[SlickRick40]

Now that Tommy123 has vanished, be aware her alter ego Fannyman2883 will reinvent herself as resident expert of DIV and CHR.    The same person just using different meds.