TSX:SOT.DB - Post by User
Post by
Princeps979on Mar 08, 2019 11:12am
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Post# 29461237
WAFRA HEDGE FUND BUYS 25% IN PROPERTIES
WAFRA HEDGE FUND BUYS 25% IN PROPERTIES VALIDATES NAV ALONG WITH SALES WELL ABOVE IFRS, HIGH IRR
LOOK AT THIS WAY IF NAV IS SUBSTANTIATED WITH WAFRA AND RECETN SALES AND YOU SIMPLY TAKE THE VALUE OF REAL ESTATE ON BALANCE SHEET ONLY NO OTHER ASSET LESS THE ALL LIABILITIES DIVIDE BY DILLUTED SHARES O/S VALUE OF $7.05
THEY HAVE CASH FROM DISTRIBUTION SAVINGS AND SALES FOR NEW PURCHASES WHICH WILL BENEFIT
THEY ARE GETTING LEVERAHGE LOWER WITH CLOSING OF WAFRA IN 2 MONTHS LEVERAGE GETS TO 59%
THEY GOT BLASTED FOR HIGHER LEVERAGE AND DOWNGRADE FROM TD WHICH KILLED TECHNICALS YOU CAN SAY THANK YOU TO THEM FOR PRICE DROP
I WILL ADD GLTA