Crius Energy Trust Tr Unit CRIUF

i am supporting jcp

[uograd]

I'm not here to save the spotted owl.  I am here to make money and the reality is kwh.un has been overhyped and underperformed for years and years.  Now i am a trader so i have made buckets of dough here but the reality is the long term performance of the company has sucked.

For years and years, analysts have put out rosy targets that they have rarely even come close to.  Those targets are now coming down to realistic levels.  the arrogance of the company on the last quarter cc means it is time for change.

Yesterday national bank put out an outperform rating and target of $10 bucks.  That is fine and dandy but previousilly they were in the 12-13 range which the stock never came close to.

If jcp are willing to come in and kick some aff and take names later that works for me.  I will be supporting their slate.

[deisman03]

$3 million is chump change to Crius.  On April 03, it looks like one group or purchaser picked up over 400K. That ads up to over $3 million Canadian but it wouldn't take much to pick up another 130K units. So far the puchases are being used to OPENLY manipulate the price not to rise above $8.  Like you, I have made a lot of money trading the swings. I also agree that management has

[StocknerdEQcool]

There may not be anything left for JCP nominees to direct by the time they get elected. The majority amount of shares are in the hands of financial institutions and I'm guessing only they're not in the hands of small investors. The acquisition of US G&E was a weird and messy buy. One of my wildest outcome for the final episode of this trust is the lender to call loan..... Checkmate !

[ronin1]

What ever it take to get this stock back where it belong near 10$. Bring on good earming and buyback. 

[deisman03]

Good try Scool but that isn't an open ended call. Like all such loans TIME to pay is part of the agreement. The only thing that may change this is IF Crius misses a payment without positive discussions with the lender. Lenders don't like losing money any more than anyone else. 

[Sukhi19]

I am sure management is not sitting idle. They have been served a lot since Feb 28. In fact they had said that they have identified the persons behind the short attack. Paying off the debt is one of the options in their plan for capital allocation. They have not started buying back of units. I am sure they will come out with something sooner han later. In the mean time, fear is fading away. People

[StocknerdEQcool]

But deisman, does anyone know who that  lender was ? what kind of debt note Crius had signed with this shareholder ? Something for JCP and or potential buyers to find out now.!!  Cheers 

[deisman03]

That won't cut it either. There lenders are fully legal and regulated brokers in North America.  That's one reason the interest rate on their debt isn't higher than it is. Most institutions won't go near unsecured loans in North America. Once corporations/trusts start dealling the hundreds of millions arena, loan sharks are few and far between. It's even difficult for

[marketsense]

Excellent expose' on the inner workings of loan covenants and management.  As you say Deisman,  as long as they continue making their scheduled loan payments,  why would any bank or financial institution holding these loans call them?   It would be contrary to their vested interests to do so when they are making a nice, steady return business on those loans. It looks to me

[Sukhi19]

True, marketsense. If short attack was not enough, JCP added fuel to the fire.  As I said earlier, management must be juggling their prioritie. The fact that they have not started buying back so far, shows that they are scratching their heads real hard. Hopefully they should take a balanced approach by paying off some of the debt.

[deisman03]

I am not a professional in these matters by any means. Maybe someone here with more info or understanding of these buybacks can chime in.  I would be surprised to see Crius management start buying back in until the unit price gets to the area they feel comfortable establishing it for the next year or until they've repurchased/canceled the units.  I sincerely hope they don't

[borne2run]

deisman, buybacks are used to support the stock price / purchase cheap shares. Companies do not use buybacks to juice the stock price. I wouldn't expect any NCIB purchases unless the price drops back towards the $7.50 level. Crius does not have unlimited cash;  it makes no sense buying back shares above $8.

[deisman03]

I will agree to disagree. It makes no sense for them to drive the price down or purchase to cheap. The retail value of the units may even have some bearing on the interest rate they pay.  Like I said. I'm not a professional. Do your own DD and make your own assumptions.  GLTA 

[ronin1]

THe NCIB was annonced in late January when the stock price was above 9$. Following your logic management should wait for the price to drop to 0.01$. At this price it will be even better!