True North Commercial REIT T.TNT.UN

RE:RE:TNTs dividend pre-slit

[flamingogold]

Cooper, I totally agree with you. With inflation at the BoC's 2% target they will now likely go a full .5% in October to stop the slowdown and push the economy back into drive.

GLTA, it's been a long time coming but... it's coming.

cooper90 wrote: Agree, I think our dear TNT CEO does not want to reinstate a new divi at the current price of $12.80 or pre-split = $2.22 which would need to be in the yield range of 8% (much lower divi) basically a  huge reduction in the dividend annually, compared to the old (after cut divi) of 70% payout. 

Its my thinking that they want to get another few rate drops in the books, pushing this up on the news around the $18.00 stock price range or over $3-$3.30 pre-split. Then they annouce the divi reinstatment at X which will prepell the stock on the news back into the $22-$24 level (supporting an 8%) dividend annually going forwward closer to the last divi amount. 

I know, I know.......wishful thinking but lets face it they will be reinstating the dividend in a few months, quarters, this is a fact, and this will help drive the new rating and share price.

IMO, the BOC is greatly behind the curve, Canada is negative to ZERO GDP growth, tracking to 7% unemployment the highest in 10 years, lowest productivity in 30x years, households full of debt and the US cutting rates, we are going to see 50 basis point cuts in Canada and it starts on Oct 23 getting below 3%, mark my words

Cooper