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Bullboard - Stock Discussion Forum Timbercreek Financial Corp T.TF

Alternate Symbol(s):  T.TF.DB.C | TBCRF | T.TF.DB.D | T.TF.DB.E

Timbercreek Financial Corp is a Canada-based non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The Company is focused on providing structured financing solutions to real estate owners and investors and acts as alternative asset class investment manager. The investment objective of the Company is to secure and... see more

TSX:TF - Post Discussion

Timbercreek Financial Corp > Earning Release 4th Quarter
View:
Post by MyHoneyPot on Feb 26, 2024 8:02pm

Earning Release 4th Quarter

It looks like the NAV has increase 17 cents a share to $8.50.

My target price is 1.2 time NAV or $10.20 a share in that range. 

So with the stock trading at $7.20, paying a 10% dividend and a upside of  41% from here i don't think there i a better deal out there. 

On top of it all its a finicial company so this NAV is real dollars. 

Now they are going to issue a special dividend next month, that a bonus on top of all this. 

This stock is way to cheap and i have loaded up and have made a good profit here. 

IMHO
Comment by Mmb060 on Feb 27, 2024 1:10pm
It will be hard to get to BV with current interest rates.    May have to wait till 2025.  But happy to collect dividend!
Timbercreek Financial Corp