OTCPK:SMMCF - Post by User
Comment by
maypeterson Jul 03, 2021 12:50pm
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Post# 33489687
RE:RE:powering to a new high - $16.70
RE:RE:powering to a new high - $16.70Mat is corrrect even though stranger things have happened. The chances are very slim. I always thought that SMU management would sell out but that was when the stock was trading significantly lower.
SMU has the most assets in the GTA. If the recent GTA portfolio sale of a fellow REIT is any indication (sale at 36% over book value) then a lot of these REITs justify the premium. Hard to see anyone offer 50% over book value unless its a pension plan which really wants the assets.
materialsgirl wrote: There will never be a buyout of SMU.un
It is officially trading at a 20% premium to NAV
A buyout offer would need to be at least a
25% premium to the trading price.
It is unlikely to happen
mat