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Bullboard - Stock Discussion Forum Invesque Inc T.IVQ.U

Alternate Symbol(s):  MHIVF

Invesque Inc is a Canada-based company. It is engaged in owning income-producing seniors housing and care properties. The company focuses on acquiring and investing in properties that offer transitional care, long-term care, memory care assisted living, independent living programs, and medical office properties. The rental income generates maximum revenue for the company. It offers its services to the United States of America. Its segments comprise Seniors housing and care investment properties, Owner occupied properties, Medical office buildings, and Corporate.

The Market Herald Price Sensitive
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RE:They can afford at least 2 cents a month dividend

If they keep buying back shares as they continue to do so currently, AFFO per share would only go up. Market cap does not make sense at current AFFO multiple. At current multiple, they could buy back...read more

They can afford at least 2 cents a month dividend

2 cents a month is only 24 cents a year and less than AFFO of 57 cents cad a year. They can afford 2 cents monthly dividend plus shares buyback if current AFFO remains stable  rate and reply

AFFO of US0.44cents or around CAD0.57 cents

Even at 5 times AFFO, should be atleast $2.85 normally use 10X AFFO or around $5.70 Quite undervalued now as currently trading at 2.8 X AFFO  rate and reply

Some Fools

are   selling   their   bonds   to  the  company   on about   a  20%   yield  basis.  rate and reply

RE:RE:RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

Both debt load to NAV and debt ratio are going down as time progresses. Canadian insider shows continued buying back of both debt and shares. They are also paying back debt with asset sales. There is...read more

RE:RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

Not a concern for the managment, they keep buying back shares. Do they know something or just out of touch? :)  rate and reply

RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

The vast majority of their credit facilities are fixed due to credit swaps. The renewing mortgages could be at higher interest rates, though. I agree that the high level of debt is a concern.  rate and reply

DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

WITH HIGHER INTEREST RATE, THE INTEREST PAYMENT ALONE PLUS DEBT IS A SERIOUS CONCERN FOR MANY.  rate and reply

RE:Buybacks

They are buying back both. Not much volume offered in the market. Check canadian insider, they are buying back debentures as well.  rate and reply

RE:RE:BMO Financial given IVQ 'Neutral' rating with $2 CAD target

Sooner or later, the costs have to be passed on to the residents.  They are getting too good a deal.  Neither IVQ nor the tenants is a charity.  If management won't make the...read more

RE:BMO Financial given IVQ 'Neutral' rating with $2 CAD target

I think there is a lot more value than $2. However, targets are going to be low for a while due to the risks facing the business. They are still over leveraged and their tenants are facing costs that...read more

BMO Financial given IVQ 'Neutral' rating with $2 CAD target

Back of the envelope calculation: Total asset went from $1.5B to $1.3B, while debt went from $1.052B to $0.894B. So, if they were to dispose of all their assets while reducing debt then they would be...read more

RE:No one

They still have a huge debt load and have to renew with their lenders. After they've done that, the debentures should increase in value.  rate and reply

Buybacks

They really started share buybacks, a bit strange for me. I would rather buy back debentures, cause you have to pay this high interest. Well...  rate and reply

No one

Wants the new u debentures even with 7% they trade at 80. I don't get it  rate and reply

RE:RE:RE:SHARE BUYBACK IS GOOD

correction    7%    up from  5.75%  rate and reply

RE:NEXT IS TO RE-START DIVIDEND

why would   they  do  that  when   they   don,t    have   the money  to  repay   their debt  as it ...read more

NEXT IS TO RE-START DIVIDEND

EVEN A 2 CENT A SHARE DIVIDEND IS OKAY.   rate and reply

RE:RE:SHARE BUYBACK IS GOOD

8 percent  is not super high.  They   sold   an asset  to   up   the cash  portion  to  the  maturing  deb holders ...read more

RE:RE:SHARE BUYBACK IS GOOD

It's not like they are spending very much at the current share price when they are allowed to buy only 6000 shares a day.    rate and reply