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

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

Bullboard (TSX:RPR.DB)

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Comment by Tree2treeon Aug 29, 2024 9:54am

RE:RE:RE:RE:RE:RE:RE:RE:Debentures

The secured lenders are not out any money, and not presently at risk of being out money.  So I expect their approach will be to watch closely but not deliberately create a train wreck.  As ...more  
Comment by BondManSlateon Aug 29, 2024 8:25am

RE:RE:RE:RE:RE:RE:RE:Debentures

Big Fancy words - Unsecured debt with 100% coverage can stll lead to a full recovery. IMO - Doesn't matter what secured or corporate raiders wants, this is corporate science .
Comment by rad10on Aug 29, 2024 6:09am

RE:RE:RE:RE:RE:RE:Debentures

  The company is in default, the debentures are unsecured.  This company is at the mercy of the secured lenders, and faces the wrath of a corporate raider who is down big time.
Comment by HRc60to65on Aug 28, 2024 10:15pm

RE:Be careful

THe volume is rediculous. Only few holders are selling.  Buyers have to pay more to get the debentures. I know it because I am a buyer, but I am limiting my bid to the lowest possible price ...more  
Comment by ABDPhilon Aug 28, 2024 3:35pm

RE:RE:Be careful

The most novice of all novices has understood that your goal is to escape from this cage. Without liquidity, an increase in value is not very useful. Until February 2026, you will have to tolerate the ...more  
Comment by BondManSlateon Aug 27, 2024 7:07pm

RE:RE:RE:RE:RE:RE:Bonds are covered at 100% and common value 1.25$ per unit

I agree with you. There's a lot of misinformation on this board about debentures, which could be mistaken for an attempt to manipulate in order to acquire more or pure ignorance. 
Post by Northforce13on Aug 27, 2024 4:57pm

35

Debs settling into 30-40 while we wait to see what develops. 
Comment by Tree2treeon Aug 27, 2024 9:35am

RE:Be careful

Thank you ABD for bringing SOT.UN to the attention of your group of novice investors who are no doubt looking for alternatives to their dead-end investment.  There is money to be made here.
Comment by Tree2treeon Aug 27, 2024 9:30am

RE:RE:RE:RE:RE:Bonds are covered at 100% and common value 1.25$ per unit

Bond, I think you are correct that the entire portfolio has been revalued.  But this is a continuous process when the market is shifting.  In the event of a sale under pressure, the bids ...more  
Comment by BondManSlateon Aug 26, 2024 9:16pm

RE:RE:RE:RE:Bonds are covered at 100% and common value 1.25$ per unit

your comments are inaccurate, discount seems to be on all properties imo from below: Slate Office REIT - Slate Office REIT Reports Second Quarter  The REIT revalued its property portfolio ...more  
Post by ABDPhilon Aug 26, 2024 6:20pm

Be careful

I would hate to be in that cage. Asset values could deteriorate rapidly, and good luck selling after that.   Excluding the manipulative cross trades of the last few days, debentures have ...more  
Comment by Ladislav3on Aug 26, 2024 8:49am

RE:RE:RE:Bonds are covered at 100% and common value 1.25$ per unit

The point is you are only discounting the properties held for sale and not all of the properties. If there was a liquidation event then the properties would all be sold and you would need to apply the ...more  
Comment by HRc60to65on Aug 24, 2024 2:32pm

RE:RE:Bonds are covered at 100% and common value 1.25$ per unit

SOT had already took a 150M$ discount to NAV on the properties held for sale, in Q2 2024. The worst case is an other 150M$ discount for a 300M$ discount on the properties for sale..
Comment by TVRon Aug 24, 2024 12:08pm

RE:Bonds are covered at 100% and common value 1.25$ per unit

If the properties held for sale were really sold for a 40% discount to NPV valuation it would be reasonable to assume the remaining properties were similarly impaired in value and only realizable at ...more  
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