TSX:SOT.DB - Post by User
Comment by
HRc60to65on Oct 05, 2024 12:36pm
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Post# 36254559
RE:RE:RE:Held for sale
RE:RE:RE:Held for saleAll asstes for sale are valued at 124.26$ per sqft
It is less tha 1/3 of new building cost. New building cost will be close to 400$ per sqft.
SOT assets for sale are valued at 218.11$ per sqft.
SLAM put for sale SOT asstes at price well below market value, it can be a big mistake.
SLAM can be in conflict of interest, if SLAM is keeping management of the assets sold.
If it is the case SOT unit holders may sued SLAM for wrong doing to recover loss on assets sold.
It is a very good reason to not complete the 25% SOT gla sale for 212M$ in negotiation with SLAM. That valuation put all SOT asstes to 886M$ well below the assets value of 1 1557M$.