TSXV:SSS.P - Post by User
Comment by
CanSiamCypon Nov 08, 2022 11:52am
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Post# 35082231
RE:RE:RE:Still stuck at $22.50!
RE:RE:RE:Still stuck at $22.50!May:
Sorry buddy .... I did not read your reply to geric before I tossed in my 2 cents worth. I agree with everything that you wrote. In other take-out cases, I have seen the market price rise above the take-out price to also reflect the incoming dividend payments anticipated before the deal closes. However, that is not applicable to the SMU.un current case ... cuz the last distribution due 15 November is already past the date of record on 31 Oct.
So again - what a mystery to see so much return being left on the table by the sellers of >8 M units yesterday and approaching 2 M units today!
Cheers!
maypeters wrote: I wonder if the suspension of the DRIP some months ago had to deal because they were in advanced talks for the buyout.
As the weeks go by and we are closer to settlement of the deal the price will move higher.
The 4% is capital gains from here for 4-5 months while GIC is interest only and locked in for one year
I have seen the price go close to or above purchase price if market thinks there will be another party interested in buying at higher price. No chance of that in this case. The buyers are solid and do not see much issues here in the closing as shareholders would be sad to see SMU go away but the offer is pretty fair. geric wrote: I have a feeling it will not move much higher from this range. The 4+% to hold to closing of the deal minus the suspension of the distribution is likely a factor. Better return on a GIC maybe. Just my thoughts.