Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Has anyone noticed?

[garyreins]

Artis virtually can never hold a gain.  Sure when the reits are lit up the odd day it gains a percent or two. But 90% of the time intraday gains never hold.

[EstevanOutsider]

what i've noticed is artis is becoming increasingly illiquid with little published lots for sale making the stock sensitie to moves. the smart money was buying during the reit bloodbath. edgepoint is very good at picking up stocks about to be acquired at premiums (see hammerhead in the past few months) so they know something is up. impressive they got 10% of the units without moving the unit

[garyreins]

I do agree that EP knows something is up, too much money to risk on a speculative Manji (artis assets arent the best compared to say HR), however, there are some days where volume is almost 1m.  They just come once a week or so

[babybunny]

Yes, now that Edgepoint has mopped up much of the float, it would take very little buying pressure to move the unit price to $10.  This is why a deft touch will be needed to execute the NCIB to our best advantage.  I will be delighted if it the new NCIB can be completed at an average unit price below $8. Baby Bunny 

[Frankie10]

Once sales are announced - it's off to the races imho, depending on the valuations on sales (cap rates & NAV +/-). Manji is a deal guy. I assume he's making deals.