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Bullboard - Stock Discussion Forum DOMINION CITRUS INCOME FUND T.DOM.UN

Consumer Defensive Food Distribution

"Dominion Citrus Income Fund provides an integrated suite of services for fresh produce. It offers finance, reporting and insurance, procurement, international logistics, ripening, sorting and grading, packaging and re-packing services."

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Bullboard (TSX:DOM.UN)

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Post by Aspertheoldmanon Mar 13, 2013 10:19am

A good trade

61,000 shares of DMN. pfd are offered at $1.65. This is a rate of return of 11.5%

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Comment by ob1knobon Mar 05, 2013 12:45pm

RE: A good trade

12K shares @ 1.25/share over the last couple months for a non liquid stock and where the risk of the future value was in some peoples minds (my mind) very low. I guess if you had faith or something ...more

105

Discussion

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Post by Aspertheoldmanon Mar 01, 2013 4:30pm

A good trade

Since the beginning of the year I had accumulated 12,000 pref shares of DMN at an average price of $1.25. I sold them today at $1.72. It was a win-win situation for both the buyer and seller; I ...more

188

Comment by GoldenGunon Mar 01, 2013 12:49pm

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Dominion p

Well said obewankenobee

100

Discussion

Comment by ob1knobon Mar 01, 2013 12:47pm

RE: RE: RE: RE: RE: RE: RE: RE: RE: Dominion prefe

I'm most interested in seing a revised balance sheet for the trust. In a nut shell, they are creating a debt obligation out of the redemtion value for the perferred shares with some ...more

114

Discussion

Comment by GoldenGunon Mar 01, 2013 11:30am

RE: RE: RE: RE: RE: RE: RE: RE: Dominion preferred

I'm trying to figure out what these are worth assuming you could invest at 3%. Here what I come up with. Any thoughts on this?? Payment Per year Total ...more

102

Discussion

Comment by alkhoron Mar 01, 2013 10:58am

RE: RE: RE: RE: RE: RE: RE: Dominion preferred sto

At $1.50 and the payout schedule proposed, the preferred shares are paying about 8% going forward. Still there is the risk of Dominion not being able to meet the payment schedule. Even if you ...more

Discussion

Comment by ob1knobon Mar 01, 2013 10:23am

RE: RE: RE: RE: RE: RE: Dominion preferred stock

T.DMN.PR.A:TSX BID 1.30 ASK 1.50 <-- As at time of posting this. From NR: Dominion Citrus Announces Proposed Settlement With Holder of Series A Preference Shares of Dominion ...more

Discussion

Comment by ob1knobon Jan 21, 2013 10:10am

RE: RE: RE: RE: RE: Dominion preferred stock

GoldenGun, I have to agree with your thoughts. It's a vexing situation the Directors have themselves in. The Income Trust Directors have a responsibility to do what is best for the ...more

137

Discussion

Comment by GoldenGunon Jan 21, 2013 8:20am

RE: RE: RE: RE: Dominion preferred stock

The preferred are trading at $1.30 but at a very low volume. So there is better value to them otherwise they'd be trading like the Common. The preferred are retractable come April I think ...more

112

Discussion

Comment by ob1knobon Jan 18, 2013 10:24am

RE: RE: RE: Dominion preferred stock

"I think they will be forced to pay the accumulated interest on the preferred. "Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32039969&l=0&r=0&s ...more

104

Discussion

Comment by GoldenGunon Jan 18, 2013 8:02am

RE: RE: Dominion preferred stock

Thanks for your reply (insight and opinion). I won't buy any preferreds as I think like you but not as pessimistic. I just think they are high risk. I think they will be forced to pay the ...more

109

Discussion

Comment by ob1knobon Jan 17, 2013 11:15pm

RE: RE: RE: Dominion preferred stock

Sorry about that.... I've a difficult computer that is touchy at times. If ya buy me a new one I might do a better job at posting in the future?

Discussion

Comment by alkhoron Jan 17, 2013 5:12pm

RE: RE: Dominion preferred stock

Making up for lack of posts on this board, are we?

Discussion

Comment by ob1knobon Jan 17, 2013 1:02pm

RE: Dominion preferred stock

You initiated a discussion regarding the perferred shares about this time last year. Read the old replies. I think the best bet for you is to phone the company and ask these questions. ...more

Discussion

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