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"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."

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Alaris Royalty Corp > Whatever that is worth

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Post by SunsetGrill on Mar 06, 2018 11:49am

Whatever that is worth

Nothing seems to be helping - need that distrubution down. King was not on the C.Call - hopefully out finalizing a deal

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Comment by Capharnaum on Mar 06, 2018 1:40pm

There is no need to lower distribution. There is no capex, it's pass through investing into private companies. The distribution can be 100% and it's still fine (there will still be growth through resets). They have $140M to deploy + whatever they get back from their loans, they have no partners currently talking about selling/redeeming, they are making improvements on problem files. Last ...more

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Comment by Capharnaum on Mar 06, 2018 1:43pm

I should have said "they have no paying partners talking about selling/redeeming". The problem accounts are looking into it (like Group SM) as they should.

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Comment by SunsetGrill on Mar 06, 2018 2:06pm

Ya the market loves companies with 100% payout ration. You just lost a whole yrs divy in ONE DAY

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Comment by Capharnaum on Mar 06, 2018 2:27pm

I didn't lose anything, the divy will still come in this year and in the next ten years and eventually the share price will be at 25+. The reason that payout usually needs to be lower than 100% is because when the company isn't an investment vehicle you need to allow cashflow to capex/maintenance. This is like an ETF, it's just not setup as an ETF. ETF's usually have 100% payout ...more

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Comment by kijiji on Mar 06, 2018 3:59pm

looks like a nice buy at around 18 bucks.

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Comment by mickeymouse on Mar 06, 2018 2:06pm

With the distribution at 8.96% at the current share price there will certainly be calls to reduce the distribution - the question is why would you do that? The current payout ratio is 92.5% and this should improve in April as they expect the resumption of distributions from Kimco and an increase from SCR - about an extra 200,000 per month from the sounds of the conference call which would ...more

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Comment by SunsetGrill on Mar 06, 2018 2:10pm

OK OK WHOA - I meant the ratio has to come down not the divy - cmon guys; they will not do that unless as a last resort [ quote=mickeymouse]With the distribution at 8.96% at the current share price there will certainly be calls to reduce the distribution - the question is why would you do that? The current payout ratio is 92.5% and this should improve in April as they expect the ...more

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Alaris Royalty Corp