Post by
riverrow on Apr 03, 2018 11:00am
buyout offer
I don't see how management can ignore this offer.
Comment by
DanielDarden123 on Apr 03, 2018 11:14am
This is not an offer. It is merely a proposal. Feeling around at this point . Marriage later hopefully.
Comment by
maypeters on Apr 03, 2018 11:25am
Correct. They are feeling the waters. One has to judge now that if they ignore the offer - will it drop down or will they raise the price and come in for a higher bid (or someone else). One of the bigger share holders is on board. Considering that they just got internalized, the management should cash out well (same as Milestone Apartments REIT).
Comment by
CHECKMATE77 on Apr 03, 2018 11:26am
had 3000 shars at 8.25. Sold today, like the company but had to take the cap gain. Birdc in hanf theory. Along with the other 700K shares sold today. I guess they feel the same.
Comment by
DanielDarden123 on Apr 03, 2018 11:39am
An accurate Birdseye view of currency movements until an offer closes is useful in maximizing your return. It will likely to be made in U.S.$ so a C$ drop will yield an additional gain. Good luck.
Comment by
fatcharlie on Apr 03, 2018 11:55am
I will wait and see. Right now its early and more of a feeling out stage with the proposal. We still collect a decent dividend and the potential for a bonefide offer above $10 makes me hold for now. Sometimes rushing to sell in the early days is not always wise. Just my two cents.
Comment by
pierrelebel on Apr 04, 2018 10:32am
DanielDarden123 - "...so a C$ drop will yield an additional gain." While that is true, the reverse is also possible. With the possibility of a NAFTA deal announced this month, this would most likely result in a substantial gain (2%-3%) for the Canadian dollar, reducing the value of the offer when valued in Cdn$. There are usually two sides to a coin.