GREY:ITGQF - Post by User
Comment by
Methodon Aug 13, 2015 1:27pm
34 Views
Post# 24015461
RE:RE:RE:Cashed out at $1.15 moving on
RE:RE:RE:Cashed out at $1.15 moving onI was just kidding around on the BEK.B. I sold some IAM too at 1.15 but not enough liquidity for me to sell a lot of my position but I have bought some back under 1.04 (post-dividend basis).
I think for IAM, this quote was key:
John Robertson, President and Chief Executive Officer, said "We are extremely excited about the progress the Private Debt Group is making in raising the 5th Private Debt Fund and our first Infrastructure Debt Fund. When this is complete, towards calendar year end, the core businesses, Real Estate and Private Debt, will have 2 years of committed capital to invest. This means there should be a significant and steady increase in recurring revenue. That should have a beneficial effect on cash flow as well as building increasing stability of earnings".
Those last two sentences is what leads to quarterly dividends and based on calendar year close, that could be a regular quarterly dividend in Fiscal Q1 (December) or Q2 (March).