RE:Storm DSuperDude2 wrote: As you know ; own NXR and have had great returns on my investment. l bought back in the Venture days at about 149 a share , since then l have taken profits 3 times at big gains , at least for me. My current ACB is around 2 bucks on the current SP today. A couple of observations however, This is a very aggresive MGMT , not that l disagree but l would prefer a more balanced approach. The size of my portfolio and my objectives would like to see an increase in divs as that money is always participating in the company drip. Growth for Growths sake is somehow a Red Flag to me . l am of two minds on NXR , its possible that MGMT are empire building for the pupose of a takeout at a big premium , If thats the case fine and dandy, or possibly with all these accretive assets we will see a substantial increse in divs. That would be great as well. l know our positions and objectives are most likely not the same , but your contributions and outlook are much appreciated. Thanks and Cheers Stormy
Look at the increasing price that shares have sold at over 10% increase in price for each of the offerings. Definately a positive.
On the dividend point it is difficult to compare retail/ office versus industrial on a same year dividend front. Retail and office with cap rates between 6 and 10 compared to industrials with a cap rates between 3.5 and 6.5.
If Nexus didnt aggressively purchase industrial and become close to a pure play how much lower would the SP be.
At the time of reporting there was over 10% of shares unallocated as cash. CSC used a great example of SMU that issued shares to acquire. Industrial in recent years has had a lowering cap rate due to higher valuations and growing rents. It is important sometimes to look at total return versus income.
I had read an article about dividend yields and the cost over the long term. BNS may have the highest of bank yield but comparing to your yield on cost from 2007 it is lower than comparable banks. The biggest thing of note is if you bought CNR and BNS at that time due to an increase CNR has a higher yield on its initial cost.
The point being sustainable growth in dividends is generally better than lessor growing higher yield.