TSX:SOT.DB - Post by User
Post by
MARKOPOLISon Nov 10, 2022 7:00am
182 Views
Post# 35087536
CONCLUSION FROM ALL RECENT ANALYSTS RATINGS REPORTS
CONCLUSION FROM ALL RECENT ANALYSTS RATINGS REPORTSIt appeasr to be from reading the various analysts from several banks regarding slate office earnings were very unfavourable. This is more fuel for Armoyan to pursue his activism and provide value to shareholders who have been assaulted by the outrageous $117 million in fees that have been collected by SLAM for the purpose to fund their developmemt projects
As i have said YTD the $17 million in fees collected by SLAM just for 3 quarters in 2022 woiuld have given shareholders an additional .18 per share ....in translation that equates to $1.60 in value per share
so trades at $4.60 plus $1.60 euals $6.40 share (8.85x multiple AFFO)
institutional investors bailed in 2018, non have returned ....resulted in week AGM vote 59%
in my over 20 years following markets I have never seen such a low vote AGM ....they haf to start tjhe AGM late because they barely had enough votes ....I was on hold online for 1 hour for AGM