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Diversified Royalty Corp T.DIV

Alternate Symbol(s):  BEVFF | T.DIV.DB.A

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.


TSX:DIV - Post by User

Comment by JayBankson Nov 06, 2024 8:21pm
105 Views
Post# 36300069

RE:Time for stockholder dilution again?

RE:Time for stockholder dilution again?

hawk35 wrote: It was February this year when they did a stock issue to cover their recent acquisition the previous year.  Stock today is very close to a 52 week high.  More dilution coming up soon?  If you think so it might be time to take profits.  

 

Technically, every month they somewhat dilute with shares issued through the DRIP program, if your not in the DRIP program... (Not a DRIPer myself)

And why would they need to dilute (beyond the DRIP) anyway? They have $16.2 million cash on hand with no loans and Convertable Debentures that aren't due until 2027... I believe the current cash on hand is above normal since I've been invested here (4ish years).

The only reason they would come to the market to dilute is if they make an acquisition, and the last 2 times they have only diluted to pay down off the debt use on purchase.

I think your striking fear where there is none to be had.


Talk about the more legitimate issues, the $11 Million distributable income number I believe is a 'Miss' expected $11.5-12 M, not a big miss but below the $11.6 M in the previous quarter.

Also, I mentioned a few weeks back, we ventured into an elevated share price range, which we had a retreat and a resurgence back close to a recent high. I missed setting my Trailing Stop a couple weeks ago as we only hit 3.09 rather than 3.10 where I was gonna place it (tho I would currently be reduced had I placed it, as my lower limit would have been 10 cents, so my out was to be $3). This plan is still in place currently, as this result did not excite me, they made no indications of a payout raise and I think there are better places with more upside to play, mind you I'm not running for the exit either....

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