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Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Invesque Ord Shs T.IVQ

Alternate Symbol(s):  MHIVF | T.IVQ.DB.U | T.IVQ.DB.V

Invesque Inc. is a health care real estate company. The Company owns a portfolio of North American properties across the health care spectrum. The Company invests in a portfolio of predominantly privately paid senior housing communities. The Company's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and... see more

Bullboard (TSX:IVQ)

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Post by giovincoon Aug 19, 2022 10:29pm

Asset to debt

Book value to current price 3x. For the past 6 months, debt reduced by 100M while their asset decreased only less than 50M. Asset minus debt is 450M, all in USD. Annual AFFO .48 cents per share. This ...more  
362
Discussion
Comment by liamt229on Jul 22, 2022 1:47pm

RE:52 week low

I absolutely agree.  Of course, it's scary that there is so much debt coming due soon, but with a market cap at a fraction of it's net assets even as the company consisitenty proves that ...more  
254
Discussion
Post by Bucketheadon Jul 08, 2022 2:00pm

52 week low

There has to be some value here.
302
Discussion
Comment by giovincoon May 05, 2022 9:18am

RE:They can afford at least 2 cents a month dividend

If they keep buying back shares as they continue to do so currently, AFFO per share would only go up. Market cap does not make sense at current AFFO multiple. At current multiple, they could buy back ...more  
308
Discussion
Post by Predator2018on May 01, 2022 12:36pm

They can afford at least 2 cents a month dividend

2 cents a month is only 24 cents a year and less than AFFO of 57 cents cad a year. They can afford 2 cents monthly dividend plus shares buyback if current AFFO remains stable
328
Discussion
Post by Predator2018on Apr 29, 2022 2:07pm

AFFO of US0.44cents or around CAD0.57 cents

Even at 5 times AFFO, should be atleast $2.85 normally use 10X AFFO or around $5.70 Quite undervalued now as currently trading at 2.8 X AFFO
213
Post by pennydredfulon Apr 26, 2022 1:26pm

Some Fools

are   selling   their   bonds   to  the  company   on about   a  20%   yield  basis.
170
Comment by giovincoon Apr 15, 2022 2:41am

RE:RE:RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

Both debt load to NAV and debt ratio are going down as time progresses. Canadian insider shows continued buying back of both debt and shares. They are also paying back debt with asset sales. There is ...more  
267
Discussion
Comment by 2young2investon Apr 13, 2022 3:04pm

RE:RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

Not a concern for the managment, they keep buying back shares. Do they know something or just out of touch? :)
166
Discussion
Comment by Capharnaumon Apr 08, 2022 7:52pm

RE:DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

The vast majority of their credit facilities are fixed due to credit swaps. The renewing mortgages could be at higher interest rates, though. I agree that the high level of debt is a concern.
191
Discussion
Post by Predator2018on Mar 24, 2022 4:06pm

DEBT LOAD AT MORE THAN 75% OF NAV IS SCARING AWAY MANY

WITH HIGHER INTEREST RATE, THE INTEREST PAYMENT ALONE PLUS DEBT IS A SERIOUS CONCERN FOR MANY.
290
Discussion
Comment by giovincoon Mar 23, 2022 12:15am

RE:Buybacks

They are buying back both. Not much volume offered in the market. Check canadian insider, they are buying back debentures as well.
163
Discussion
Comment by pjn0987654321on Mar 18, 2022 8:33am

RE:RE:BMO Financial given IVQ 'Neutral' rating with $2 CAD target

Sooner or later, the costs have to be passed on to the residents.  They are getting too good a deal.  Neither IVQ nor the tenants is a charity.  If management won't make the ...more  
243
Discussion
Comment by Capharnaumon Mar 17, 2022 11:17pm

RE:BMO Financial given IVQ 'Neutral' rating with $2 CAD target

I think there is a lot more value than $2. However, targets are going to be low for a while due to the risks facing the business. They are still over leveraged and their tenants are facing costs that ...more  
186
Discussion
Post by giovincoon Mar 17, 2022 10:14pm

BMO Financial given IVQ 'Neutral' rating with $2 CAD target

Back of the envelope calculation: Total asset went from $1.5B to $1.3B, while debt went from $1.052B to $0.894B. So, if they were to dispose of all their assets while reducing debt then they would be ...more  
368
Discussion
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