TSX:TNT.UN - Post by User
Comment by
matt2018on Aug 09, 2024 12:57pm
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Post# 36171649
RE:RE:Quit being so focused on the distribution
RE:RE:Quit being so focused on the distributionlikely waiting to see if there are further rate cuts before renewing.
Also, by not reinstating a distribution,balance sheet and cash flow projections look alot better to the banks when negotiating these rollovers.
More favorable rates could be on the table.
Wouldnt be surprised if bankers have a say on what % of AFFO will be allowed for dist when they do reinstate it in future.
My guess would be Q1 2025.
my opinion/guesses only
gold_diggers1 wrote: "They have a massive repayment of debt coming in October. "
Is that why TNT.UN is languishing here? Will it end up like SOT.UN as people speculating?
GLTA lancebryant wrote: I find it so remarkable how you folks think the company is going bankrupt with significant positive FCF and no distribution payments.
Additionally; many of you are concerned the distribution may never come back for some reason.
Meanwhile the company purchaess about 10% of the outstanding shares on a yearly basis at current rates.
In the most recent report it paid back 90 bps of its debt.
They have a massive repayment of debt coming in October.
The company is doing ruddy great, and if you cant see that not paying a distribution is good for you as a share holder frankly I don't know how to help you. jUst sell the shares and move on.