Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.

NYSE:AJX - Post by User

Great Ajax Corp > 73 cents

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Comment by dt_coreon Oct 28, 2021 2:52pm

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Post# 34060172

RE:RE:73 cents

I think the decline in price to 72/73 more reflects some additional uncertainty about whether the deal gets done or not. Sellers that want certainty will take a few pennies off the table and speculators aren't as willing to bid 74/75.

SparkyAg, curious your thoughts after reading the circular?

I think at the moment there is a 65% chance the deal gets done at 75, a 20% chance it get done at 75-85 cents, a 10% chance the deal fails to get sufficient votes, and a 5% chance that a new bid surfaces.

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