TSX:INO.UN - Post by User
Comment by
stockrook86on Mar 30, 2024 12:34pm
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Post# 35961091
RE:Terrible results
RE:Terrible resultsI really don't see the reason for all the hate on these results, the bad news should have been baked in from q3, the always set it would take most of these year.
Only real bad news was a slight reduction 23% of 13% in lease at trio; but offset with a 5 year extension. The default on trio I think they are just biding there time as interest rates come down. It's no recourse to that property only and it has about a 80% ltv versue the shares at a 80% discount to NAV so even if they have back the keys doesn't really move the needle much. Just some negotiating hardball going on.
I actually though it was quite positive they mentioned receiving offers near appraised value evennpoat year end for sabiellere, if that sold it would be 15 million in cash - about 1/3 of the whole market cap.