DRI Healthcare Trust T.DHT.UN

Alternate Symbol(s): DHTRF

Healthcare

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term. Geographically, it has a presence in the United States; European Union; Japan, and Rest of the world.

TSX:DHT.UN - Post by User

DRI Healthcare Trust > NCIB tapped out...

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Comment by SONOFFERGUSon Sep 09, 2024 1:05pm

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Post# 36215014

RE:NCIB tapped out...

NCIB has tons of room, it's the automatic unit purchase plan that is tapped.

I'm surprised they haven't reloaded and run hard, but there's probably a reason. Perhaps new management comp isn't fully baked yet so they aren't appropriately incentivized to push the unit price.

I continue to think that $15 is the right area by year end. Hopefully a little more patience will pay off.

Weak hands selling on small volume is not a good indication of value. We know what we've got here.

FWIW, there was a block trade this morning at $11.53 for 113k shares (or so, I can't see the trade history) through an ATS. That is supportive of a price closer to $12 assuming a 4% discount for the block. Dunno if that's the right discount rate ofc.