Bullboard - Stock Discussion Forum Alaris Royalty Corp ALARF

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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 > Q2 Looks good!

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Post by Benfica1904 on Jul 23, 2018 5:23pm

Q2 Looks good!

Street was looking for $.50 EPS actual $.78 EPS I just heard an anlyst stating that the payout ratio is over 90%, when in actual its 65% for the quarter and 67.1% for the 6 months.

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Comment by nedstar71 on Jul 23, 2018 5:40pm

It doesn't work that way. You don't figure the redemption money into the payout ratio if you want a true estimate of it going forward.

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Comment by nedstar71 on Jul 23, 2018 5:52pm

My mistake, the better numbers were based on one time accrued receivables, but these were indeed related to redemptions. Still a good quarter "Adjusting for the one time collection of Agility accrued receivables (Q1) and Labstat forgone distributions (Q2) the payout ratio for the three and six months ended June 30, 2018 was 80.1% and 80.5% respectively"

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Comment by pierrelebel on Jul 23, 2018 5:47pm

All in all a pretty good quarter. Based on the dividend yield, the shares should be trading at a higher price. However, let us be honest about the payout ratio. Check the "outlook" message: "Based on Alaris’ current agreements with its partners, the Corporation’s run rate revenues are estimated at $89.9 million. Total revenue from partners is expected to be $22.5 ...more

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Comment by TickerTwit on Jul 23, 2018 5:53pm

After the recent redemptions, it seems about $165M net deployment is needed to bring the payout ratio to 80%. .

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Comment by gvixid on Jul 23, 2018 6:14pm

Numbers are decent, and no bad surprises for the first time in several quarters. This should stabilize the price and hopefully give us a small bump up.

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Comment by kijiji on Jul 23, 2018 6:35pm

seeing the way AD usually reacts.... prepare for buying opportunity below 16.

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Comment by Capharnaum on Jul 23, 2018 6:56pm

Good quarter... Payout is high but expected until they close investment deals. Considering the extra cash flow from Q1 & Q2, full year payout if there are no new investments would be 90%. Hopefully they still state in the CC multiple cash deployments opportunities and maintain their forecast for investments which should bring the forward payout under 90%.

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