Post by
SNAKEYBOY on Jan 05, 2022 8:44pm
PMZ- $12.56
I think they need to start firing a big NCIB. If they believe $22 is reasonable, the discount is insanity.
Comment by
Frankie10 on Jan 05, 2022 9:09pm
TD does not believe NAV is $22 TD's comments that someone shared earlier today: Justification of Target Price We derive our $15.50 target price based on 13.0x-13.5x AFFO multiple on our 2023E and a 10-15% discount to our NAV/unit estimate. 15.5/(100%-10%) = $17.22 15.5/(100%-15%) = $18.24 ...thoughts? Hoping my boy who checks my numbers can help me out with this one too!
Comment by
SNAKEYBOY on Jan 05, 2022 9:28pm
I was referring to PMZ.UN NAV of $22 (recently appraised). Who knows what it really is, but either way the discount now is just insane. Almost 1 billion in value not being recognized
Comment by
Frankie10 on Jan 05, 2022 10:27pm
not sure.. but as it stands.. based on what HR said: "Primaris is anticipated to distribute $0.20 per Primaris unit (assuming that one Primaris unit is issued for every H&R unit in the Spin-Off)." what does this mean for PMZ's yield at the current price?
Comment by
CatchTheDip on Jan 06, 2022 8:11am
80 cents annually after the reverse split. PMZ is yielding almost 6.3% here with a 29% debt ratio and low payout ratio. Cheap cheap cheap.