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Temple Hotels TMPHF

Temple Hotels Inc owns hotel real estate in primary and secondary markets across Canada. Its segments include Fort McMurray, Other Alberta, and Other Canada. The properties portfolio of the company include British Columbia Properties, Alberta Properties, Saskatchewan Properties, Manitoba Properties, Ontario Properties, Nova Scotia Properties, and Northwest Territories Properties among others.


GREY:TMPHF - Post by User

Post by KnowledgeSeekr8on Nov 07, 2016 8:55am
214 Views
Post# 25431374

Rights Offering

Rights OfferingHow are investors feeling about this? https://www.newswire.ca/news-releases/temple-hotels-inc-announces-50-million-rights-offering-600241021.html I've got mixed emotions on this as they are doubling the float of shares outstanding, but we are paying off debentures that will help pave the way for future success. I do wonder about the timing of it as the share price is very low. I think this mean the Q3 numbers aren't great or they would have waited to release those numbers and a SP pop before the rights offering. Any insight?
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