Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Standard Merchantile Acquisition Corp Cl A T.TZS

Financial Services Asset Management
Trez Capital Senior Mortgage Investment Corp engages in the mortgage brokerage and investment management business. It focuses on residential and commercial short-term bridge financing. The company offers private and institutional investors opportunities to participate in high yield mortgage investment funds and individually managed portfolios. The company provides the commercial real estate... see more

TSX:TZS - Post Discussion

Standard Merchantile Acquisition Corp Cl A > Anybody watching this?
View:
Post by sailor1986 on Sep 07, 2016 7:08pm

Anybody watching this?

Company is winding up and there is a special distribution coming. What we do?How this gonna end up for new investor like me?
Comment by machinedream on Sep 07, 2016 11:13pm
I'm watching, but don't fully understand. I looks to me like the company to slowly selling their mortgage assets, then distributing them to shareholders in the form of special dividends.  (And also, for the time being, paying a regular monthly dividend.) The key question is how long will the wind up take? And what is the NAV of assets? (more than $8.30?) May need to look through the ...more  
Comment by Roxy27 on Sep 13, 2016 10:32am
Very good question. The companies financials do not reference a Book Value (or NAV) per share.  Their YE 2014 statements indicated a NAV of $9.30 per share. A recent research report form RJ indicates they traded at 94% of BV when shares traded in ~$8.55 which equates to ~$9.10 per share. This is where it gets interesting. The shares pay out $0.582 in annual dividends. Earnings per share in ...more  
Comment by machinedream on Sep 13, 2016 3:29pm
Awesome analysis Roxy27. A few days ago, I took a peek at the latest financials and did some quick calculations came up with $8.80 ish.  (Don't quote me on it..I did it on my phone :)  You're right, they are losing money, but still paying a dividend which is a huge red flag for me. I'll have to do more indepth research over the weekend, but my initial reaction is to be ...more  
Standard Merchantile Acquisition Corp Cl A
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities