TSX:AX.PR.E - Post by User
Comment by
cgytraderon Jun 21, 2021 12:13pm
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Post# 33420546
RE:RE:11.00 Target ???
RE:RE:11.00 Target ???So...with $734 million coming into the bank, unless I am mistaken, that is basically 50% of their current market cap (131,625,805 units (per TD) x 11.54 = $1.518 billion).
As another poster noted, as prices for such properties appear to be significant, it's possible that the assets reported on the B/S, even at IFRS FV's, are underreported based on market conditions.
Based on the March 2021 Financials:
There was $2,512,267 of debt, of which I think they may focus on the non-revolving facilities which come due in 2022 ($500K total, with 200K due Feb 2022 and $300K due July 2022). The rest could be spent on a SIB, say $100 million / $12/unit = 8.3 million units which is approx 6.3% of the total o/s units).
Curious to see what they do with the proceeds.