TSX:MRT.DB.A - Post by User
Comment by
luscar99on Jan 24, 2024 10:58pm
110 Views
Post# 35844348
RE:RE:RE:MRC Sold Hotels for above $400 Million
RE:RE:RE:MRC Sold Hotels for above $400 MillionArmoyan owning >10% of shares means a squeeze-out is impossible without his approval (need 90% tendered for a squeeze-out).
It also means that in case Armoyan sides with Morguard a squeeze-out is unavoidable.
There's the possibility (in Canadastan everything is possible) Armoyan could get some (illegal) side deal and help Morguard screw the rest of the shareholders.
On the other side Armoyan could act ethically and get a better deal for all minority shareholders.
NAV as per TD estimate lowballing is $7.40.
NAV as per IFRS ( accounting standards) is $15.45.
Book Value is $16.36.
But Canada is the world's fastest growing banana republic.
There's huge pressure to build but apparently no land to build on.
In time I expect this will determine a substantial increase in MRT.UN land value.