Post by
Transat500 on Mar 28, 2019 9:31am
This offer is way too Cheap
VNR worth more than 28.50$. Minimum.
Comment by
annegel on Mar 28, 2019 11:32am
I agree and will also vote against the offer.
Comment by
SargeX on Mar 28, 2019 1:19pm
Seemed like a really good premium to me so I sold my 1780 shares for the $26. I'm a retiree and my wife and I live entirely off dividend income and CPP/OAS. I'll miss the divy but will find a new home for the cash - maybe I'll add to my ENB or EMA or something like that. I doubt a higher offer will be made but good luck. Ciao Sarge
Comment by
SargeX on Mar 28, 2019 1:25pm
Forgot to add that the $2.74 premium is equivalent to about 2.25 years so I can take me time replacing the divs. Another thing to consider is that the $26 is $6.66 hiher than the $19.34 Jan 1st price so the caps gains just this year are over 6 years worth of dividends. Ciao
Comment by
SargeX on Mar 28, 2019 1:28pm
Ooops, 5.5 years of divs. Sorry about the bad math and extra posts.
Comment by
houbahop on Mar 28, 2019 3:04pm
Same here. I'd rather keep my cheap shares that provide a 5% dividend growing 3-4% per annum than sell at $26. The Directors sitting on the Board giving the green light to this offer are pretty deceiving.