OTCPK:NNDIF - Post by User
Comment by
Scotch12on Jan 12, 2023 11:01am
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Post# 35218428
RE:more re. valuation
RE:more re. valuation
Good post RJK, do you have an accounting background? I don't take the TD analyst seriously as he has, in my experience, always been behind the curve. However, the market clearly agrees with him (hence no premium to the initial offer). His point that there does not appear to be alternative bidders is a relevant one as that seems to be the case. In the two funds latest press release they said alternative options did not appear to have been explored by the trustees committee. However, we have yet to hear what those potential alternatives are. I suspect to receive fair value; we will have to win the two votes: then run the company with a proper board and improve cashflow. It is easy to say we can get 200 million in annual EBITA, but it has never happened. I hope it does, and we start getting great dividends then there will be no need to sell the asset. Just trying to be realistic.