GREY:TMPHF - Post by User
Comment by
DanielDarden123on Dec 23, 2016 2:04pm
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Post# 25640924
RE:RE:Post Rights Offering
RE:RE:Post Rights OfferingThe challenge with predictions is always the difficulty in foretelling the future. Many stars will have to align here because of the debt situation.
With respect to National Bank, they were the Managing Dealer for the Rights Offering. Often a research report will follow which justifies their involvement and their fee. What assumptions were used? IFRS values, cap rate, NOI growth? Using Q3 with a $50M debt reduction for the rights cash and doubling of the share count does not get you near 90/share.