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Diversified Royalty Corp T.DIV

Alternate Symbol(s):  BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships
Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.


TSX:DIV - Post by User

Diversified Royalty Corp
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Comment by Lloyd_Blankfeinon Sep 29, 2017 2:37pm
154 Views
Post# 26760119

RE:RE:DIV

RE:RE:DIV
TickerTwit wrote: Imhof said something interesting, that he thinks it likely a 4th royalty will be added by end-of-year and that share price would then rise to 3.75 or 4.

Some brief arithmetic suggests 3.75 would require a dividend increase from the current 0.01854/m to at least 0.02/m or an increase of about 8%. The 4th royalty would need to increase revenue maybe 10-12% to keep various coverage ratios tidy, so something small (Sutton-sized?) is fine.

My half-assed valuations aside, I'm more interested in the origin of Imhof's notion of "by end-of-year". I wonder if he let something slip after having talked with DIV management.
.
Hockeynut2 wrote:
Today's BNN guest owns and likes it.Congrats



The "end of year" information comes straight from DIV. It's in the Air Miles acquisition news release.

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