TSX:AX.PR.E - Post by User
Comment by
Catchtherallyon Oct 07, 2023 1:05pm
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Post# 35674636
RE:RE:RE:RE:RE:Substantial Issuer bid
RE:RE:RE:RE:RE:Substantial Issuer bid To be honest I don't think a SIB will close the gap between trading price and nav which is the goal of the review. It will also increase debt ratio which is higher than their 45% goal. I don't forsee a SIB.
Before Samir took over there was discussions to spin off retail and he was against that. I can see him selling retail in its entirety to pay down debt. This would also leave a decent asset mix behind of industrial and office. However,I do not believe a retaining a lawyer and BMO would be necessary for disposing of 500mil in retail assets. Therefore something larger is likely in the works and I can see this being more of a last resort.