OTCPK:NNVUF - Post by User
Post by
dosperroson Feb 20, 2020 12:17pm
215 Views
Post# 30713305
Strong "No".
Strong "No". They are overdue for a div hike which would have added to the share price. I don't want to give private equity this cashflow for a modest premium. I'd expect 50%+ to take this out is better justified in light of falling interest rates, rising demand for Canadian housing, and cash yields being at a premium.
If it was a takeover by a larger REIT like HR.UN it would be different as we could roll into shares on preferential terms. This is just a stright up transfer of our upside to these dudes. Moreover, we have to deploy the take-ou proceeds at peak of market. Not good. I would be buying some Brookfield but thinks like BEP and BIP have doubled in 6 months. Being forced to do so at peak thanks to these opportunists is bad news.
It it goes through with no counter I'd be upset. A meagre 12% premium is disasterously low IMO.