TSX:AD.DB.A - Post by User
Comment by
SunsetGrillon Aug 03, 2023 4:04pm
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Post# 35571987
RE:Q2 results - ??
RE:Q2 results - ??Thanks for the info do you have any analysts notes? Scotia had nothing today in their daily edge report - likely tomorrow
HermannHaller wrote: Stock is sagging but analyst notes today say results were in line with their expectations.
From the conference call:
- working on a big pipeline of potential deals
- expected to be more activity in market in Q3 and Q4
- deals are high quality, expect to achieve target metrics on any transaction
- have considered getting more active on NCIB, but IRRs on potential deals now are good, so focused on growing business
- likely to do another BCC type deal (investing 3rd party capital for higher ROE)
- have debenture due June/24, could repay using bank line, or issue new deb (depends on mkt). Deb is only 5.5%, so not a good idea to call early.
- have $266 million available on bank line for deals, don't need equity, and would not issue shares at current level
GLTA