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Bullboard - Stock Discussion Forum Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.UN


Primary Symbol: T.RPR.DB Alternate Symbol(s):  SLTTF | T.RPR.DB.A | T.RPR.DB.B

Bullboard (TSX:RPR.DB)

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Comment by TVRon Nov 13, 2024 10:33am

RE:An offer from GA

Current market cap for SOT.UN  is $40 million so somebody like Armoyan or another REIT could potentially take it over for, say, $60 million.  Problem is that does not change the precarious ...more  
Comment by pennylane101on Nov 13, 2024 9:39am

RE:An offer from GA

When I saw the heading for your post, my first thoughts were..."oh, there is an offer from Armoyan.  Surprise, surprise."  ;0) The Welch brothers also target undervalued ...more  
Post by HRc60to65on Nov 13, 2024 7:30am

An offer from GA

GA can put an hostile offer at 0.80$ to 1.00$ per unit. Noreason to offer more, stock price lower than 0.50$ and book value at 2.00$. 0.80$ it is 60% premium to the stock price.
Comment by rad10on Nov 11, 2024 4:11pm

RE:RE:RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

God forbid.  Samir Manji is slowly right sizing Artis.  The balance sheet is being slowly repaired after a ridiculous reckless acquisition spree prior to sandpiper ousting the previous ...more  
Post by rad10on Nov 11, 2024 4:09pm

bid on all three series is 37 cents on the dollar

just sayin.............. Picking out random companies to help with your far fetched investment theses doesn't seem to be helping.............. And yes - there is a standard take over clause in ...more  
Comment by Tree2treeon Nov 11, 2024 1:42pm

RE:RE:RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Clarke Inc has a market cap of $330 million.  I haven't looked at the state of their financials, but they could be big enough to play a role here.  Not to mention G2S2.
Comment by HRc60to65on Nov 11, 2024 11:57am

RE:RE:RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

An hostile takeover by a solid REIT, the debenture holders will accepted the deal.  GA will not be happy.
Comment by rad10on Nov 11, 2024 11:25am

RE:RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Don't the debentures have a change of control clause?  Redemption at par?  Nice idea though .
Comment by HRc60to65on Nov 11, 2024 11:20am

RE:RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

It can be a Canadian REIT like Artis or a USA REIT. For a USA the cost is lower at 1.40 exchange rate
Comment by Tree2treeon Nov 11, 2024 11:11am

RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

If the buyer is a bigger REIT with some working capital surplus, they could just make a bid for the common shares and roll all of SOT's assets and debts into their REIT.  Or possibly raise a ...more  
Comment by TVRon Nov 11, 2024 10:08am

RE:RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

If someone wanted to take SOT.UN private they would still have to deal with recapitalizing the REIT and getting the debt ratio down to a sustainable level, so the cost would be buying out the unit ...more  
Comment by HRc60to65on Nov 11, 2024 9:38am

RE:RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

An hostile offer from GA or an other REIT They can get SOT private for less than 100M$, 80M$ or 50M$
Comment by rad10on Nov 11, 2024 8:47am

RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

  Tree2tree having an epiphany...... Whatever next?
Comment by Tree2treeon Nov 10, 2024 10:51am

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Interesting discussion here.  Yes, SOT is generating a bit of cash - but not enough to pay down debt significantly.  Whether or not a bankruptcy happens, the lenders are in a position to ...more  
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