Data Communications Management Corp DCMDF

Back down to $3...share sale adding over 8 million of them

[KnowledgeSeekr8]

Not happy with this timing. This will likely break all momentum

Just when you think that management has moved past the bad choices, they pull this one out of their hats.

[Ethanbrodie123]

I thought Richard said on a call that they were not going to raise as they didn't need to.. can someone confirm this?  So, if this is correct it does not make me happy as people invest by the communication of senior leadership.  Having said that, i'm happy I have unloaded about half my position at these levels as I thought we would be topping out at around here until we get a

[KnowledgeSeekr8]

Yup pretty disappointed in management right now. This was a bad choice. If they had done this during the acquisition people would have absorbed it much better regardless if they wouldn't have received $3 a share. This is going to hold back the share appreciation for many months. the only reason I can see doing this now rather than wait for a few more quarters when maybe the price had

[SidelineSitter]

Someone check my math. So, they said that the deal was going to cost them $123 million, and it turned out to be $130 million. They said they were going to get $30 million for the 3 buildings, turns out they are only worth $23 million. So, this deal cost $14 million more than what they thought. Oops. (I still think it's a great deal.) Higher interest rates on a $14 million dollar mistake

[BetSafe]

Allow me to correct some of your math: - acquisition costs is closer to ~131mil - sale/leaseback of the Oshawa property is ~23mil - remaining two properties estimated at 10-15mil (combined) will be dealt next year according to CFO

[lscfa]

where does this come from? I've not heard that price was revised from $123 to $130. If so, it's probably an adjust for working capital, meaning RRD had more wc on books than originally thought. Who said real estate was worth $23 and not $30?    source?

[lscfa]

co has not said the real estate value for the 3 sites has changed from $30 mil to $23 mil. It said the one site is valued at $23 mil. Included in the acquisition, DCM has acquired 3 sites owned by RRD Canada. DCM has entered into a sale and lease-back arrangement with respect to 1 of the sites, which is located in Oshawa, Ontario. DCM expects to realize net proceeds of approximately $23 million

[SidelineSitter]

Revised price was in the Announcement from DCM 9 days ago.

[KnowledgeSeekr8]

The sales price from that release is $130.8 million But the sale of the property for $23 was for 1 of the 3 to be sold as per the below Included in the acquisition, DCM has acquired three sites owned by RRD Canada. DCM has entered into a sale and lease-back arrangement with respect to one of the sites, which is located in Oshawa, Ontario. DCM expects to realize net proceeds of approximately $23