TSX:AX.PR.E - Post by User
Comment by
perplexed01on Apr 21, 2020 8:59pm
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Post# 30936991
RE:UPDATE NR from AX.UN.T = Copy
RE:UPDATE NR from AX.UN.T = Copy2 thoughts;
1. for april (100%-91.5%) x 18% retail ~ 1.5% of revenue lost or deferred. assuming expenses are fixed this lost revenue translates directly to lost profit. maybe not onerous yet but the longer the lockdown the more bankruptcies = permanently lost profit. so is the dividend at risk?
2. most of us remember well what happened the last time shareholders were assured that the divy would not be cut. of course we now have record low interest rates which may help over time. but the "lowest payout ratio......" touted in the NR will rise quickly if more rents are not paid thereby forcing a divy cut . so am not reassured by this NR. thoughts?