RE:b919191I believe that this REIT could be more successful with major governance changes, and that should these changes be implemented, the stock price would more accurately reflect the true instrinsic value of BTB's assets.
Put another way, in my view, the price of this stock is severely discounted because many serious institutional investors are scared to death by its apalling corporate governance practices.
I am not the oldest guy in the world and surely, big fiascoes like Wirecard, Enron, Sino-Forest, CountryWide, blabla, possibly had even worse corporate governance practices, but in my 20+ years of looking at companies on various global stock markets, I have never seen such brazen practices as at BTB REIT. As I present in my appendices, its the only company I have ever seen that takes (with a straight face) shorter term metrics for its LONG TERM plan than for its SHORT TERM plan.
The focus on the short-term at this company is so brazen that there is no way it doesn't affect its fundamentals, or at the very least, the appetite of large serious fundamental investors to buy this company's shares.
IN MY VIEW (MY OPINION HERE)... Sould these practices be amended, BTB REIT could trade at a much higher price.
The AGM occurs typically early June and the proposals to be voted upon are presented in the Management Information Circular, typically printed and distributed early May. That is the timing angle of it... I have no idea if the Board of BTB REIT will present my proposal for a vote, and if they do, what the outcome of that vote would be. But Status Quo means that the stock is headed nowhere, again IN MY OPINION.
Please do your own work, research and take my words for what they are: an opinion.