Brookfield Property Partners L.P. BPY

BAM now buying BPY shares

[TickBomb]

~3.6 mil this week.

[Vette08]

Thanks for the info. In Aug 2018, BPY issued 250 mil shares at US$21 per share to buy GGP and here they are buying those same shares back at 39 cents on the dollar.......BAM is taking aim.  (Since the GGP acquistion, BAM/BPY have repurchased over 50 mil shares of BPY at prices much lower than $21.) As I have said for 2 years,  I hope BAM does not screw us loyal unitholders by taking

[olive15]

Vette, could you pls clarify your thoughts? My thinking is that BAM is gobbling up shares b/c: price has been cut in half; they get to increase ownership stake at crazy cheap price; benefit from future anticipated price recovery. Supporting my thinking is the amount of insider buying at BPY: nearly $7m since Feb 27. I'm assuming that insiders don't shell out that much dough if there is the

[Vette08]

Olive, I do not disagree with anything you said, it all makes sense. My long time thesis has been that BPY has a ton of debt and if there was a shock(s) in the system, then BAM would likely be able to take advantage.  And that time could be here now.  That is all I am saying. I think there is now under 500 million units in the public float which at current prices is about $4B for BAM

[Vette08]

Olive, Just checked the updated insider filings and see BAM has been in buying almost a million shares per day since Mar 20...... So on further thought, it definitely seems like BAM is willing to clean up any shares (longs or shorts) and this is setting the stock up for a dramatic bounce if this medical and economic panic moves in a positive direction. BAM is showing serious determination here

[olive15]

Thx Vette. Appreciate your insight and sharing.

[ChungasRevenge]

They're value investers. Bam is to Bpy as Bpy is to Bam.You're a dummmmy

[Vette08]

Chungas, I am very aware the people who run BAM are value investors.    We are both going to look like "dummmmies" if BAM privatizes BPY anywhere below our ACB's.  That would be called a "realized loss".  I have no idea what you mean when you say BAM is to BPY as BPY is to BAM.  Yes, BAM is a parent of BPY and BPY is a subsidiary of BAM, but what

[Opelcadet]

how safe is the dividend now?

[Capharnaum]

I doubt they could privatize BPY for much lower than $21USD. At worst it'll be a cash + BAM offer. They'll save on the market purchases they are doing now.

[ChungasRevenge]

[Jsboutin]

Thank you for posting this. I've been curious about tracking this activity but could never find a source. Would you be able to share where you got the numbers?

[TickBomb]

Canadian insider or inked insider

[Vette08]

I just noticed that the CEO CFO and Chairman bought 500,000 shares in total of BPYU (was BPR) over the last month. Vette