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Bullboard - Stock Discussion Forum
Diversified Royalty Corp
T.DIV
Alternate Symbol(s):
T.DIV.DB.A
|
BEVFF
Consumer Cyclical
Auto & Truck Dealerships
Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations...
across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.
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Bullboard (TSX:DIV)
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(311)
•••
BlueJay2020
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Comment by
BlueJay2020
on Sep 08, 2023 9:10am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
I really don't think tech stock investors would ever flock to DIV as a serious alternative.
(151)
•••
JayBanks
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Comment by
JayBanks
on Sep 07, 2023 2:56am
RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
I did miss that note, you are correct, they have a current drawn amount on the acquisition facility from the Mr. Lube deal earlier this year, I thought it was the remaining amount used in the
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(44)
•••
dogatcat
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Comment by
dogatcat
on Sep 06, 2023 3:46pm
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
In the last ten years, none of these new crop of investors have ever seen a higher interest rate environment. It has been cut, cut and zero for most of their time in the market. That, in
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(535)
•••
nedstar71
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Comment by
nedstar71
on Sep 06, 2023 3:18pm
RE:RE:RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
"DIV will move toward what I condsider to be fairly valued at around $3.50-$3.75. A nice capital gain with a great dividend component" Again though based on what? This stock hasn
...more
(44)
•••
dogatcat
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Comment by
dogatcat
on Sep 06, 2023 2:27pm
RE:RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
You are being unecessarily negative. The business model does work and has been working for years. The royalty model has been around for years and provides a steady stream of
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(535)
•••
nedstar71
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Comment by
nedstar71
on Sep 06, 2023 12:33am
RE:RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
And further to that, obviously the acquisition facility's interest rate is not favourable in this climate anyway so really can't be considered "dry powder" nor can other debt
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(535)
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nedstar71
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Comment by
nedstar71
on Sep 06, 2023 12:18am
RE:RE:RE:RE:RE:RE:Reopened a position at 2.81
You really like to overcomplicate things. The bought deal was announced the same day of the Stratus acquisition, and was indeed used to repay the acquisition credit facility you quoted
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(151)
•••
JayBanks
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Comment by
JayBanks
on Sep 06, 2023 12:02am
RE:RE:RE:RE:RE:Reopened a position at 2.81
They did not fund the Stratus deal through the proceeds of the share offering... here is directly what they stated: The Purchase Price was funded with approximately C$47.0 million drawn
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(151)
•••
JayBanks
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Comment by
JayBanks
on Sep 05, 2023 11:06pm
RE:RE:RE:RE:RE:Reopened a position at 2.81
I have 3 ideas on why: #1 - Everyone is worried about a recessionary period and everything that goes along with it, it doesn't make much sence if there could be rocky roads ahead to
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(535)
•••
nedstar71
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Comment by
nedstar71
on Sep 05, 2023 10:57pm
RE:RE:RE:RE:Reopened a position at 2.81
Keep in mind in the Stratus example there were almost 14% more shares that needed to be distributed to due to the bought deal relating to the transaction, plus some debt that isn't free etc, the
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(311)
•••
BlueJay2020
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Comment by
BlueJay2020
on Sep 05, 2023 9:48pm
RE:RE:RE:RE:Reopened a position at 2.81
Good post. This is one of the rare stocks where your valuation methodology is actually not a bad ballpark indicator. What you've mentioned about torque is key - those deals where there
...more
(151)
•••
JayBanks
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Comment by
JayBanks
on Sep 05, 2023 8:14pm
RE:RE:RE:Reopened a position at 2.81
I agree with most of what we are discussing here... I think that the market trying to price this is flawed in many areas. It's not really an institutional stock because it's rather
...more
(0)
•••
PressRelease
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PressRelease
on Sep 05, 2023 5:06pm
New Press Release - Diversified Royalty Corp. Announces September 2023 Cash Dividend
VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02 per common share for the period of September 1, 2023 to September...
read article.
(535)
•••
nedstar71
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Comment by
nedstar71
on Sep 05, 2023 3:30pm
RE:RE:Reopened a position at 2.81
Or put another way, if in 2016 after selling Franworks and having purchased Sutton and Mr Lube the previous year, the company just sat back and did nothing until today, I surmise that the dividend
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