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Bullboard - Stock Discussion Forum Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions... see more

TSX:QTRH - Post Discussion

Quarterhill Inc > Debentures new All Time Low @91.00 on massive volume
View:
Post by v_guerriero on Oct 14, 2022 2:40pm

Debentures new All Time Low @91.00 on massive volume

Don't dismiss the bond market.  Equities always follow.
Comment by moneyguy87 on Oct 14, 2022 2:53pm
Ha.  Was just waiting for your informative update.  
Comment by WinnerCircle948 on Oct 14, 2022 5:25pm
$163,000 in total. Massive volume?
Comment by cabbieJBJ on Oct 14, 2022 5:36pm
0.003% of the issue.   When weegee says his junk is massive wee now know what the wee guy means.
Comment by v_guerriero on Oct 14, 2022 8:31pm
  Open 91.08 Day High/Low 91.15/91.00 52 Week High/Low 105.19/91.00 Close 91.00 Prev. Close 92.55 Volume 101,000.00 Market Cap 52,325,000.00 Market Cap (All Classes) — Listed Shares Out 575,000.00 Total Shares (All Classes)  ...more  
Comment by v_guerriero on Oct 15, 2022 9:37am
So the fact is 17.5% of debentures outstanding traded to a new all time low with $9 Million traded yesterday.   Debentures were issued at 6% and the dividend yield was at   2%.  A 3:1 ratio.   The dividend is yielding 3% now.  And the debentures are only at 6.5% yield.  Debentures should be yielding at a minimum 9-10% here.    
Comment by cabbieJBJ on Oct 15, 2022 1:04pm
You didn't include the redemption in your calculation weegee.  There is, minimally, an additional $9/100 when the debentures are redeemed. I find the reporting on the debentures confusing.  Your number aligns with CEO.ca.  My dashboard on TD shows 1.0K volume on a $91/per transaction.  On Monday, I'll seek clarification.  It's important, if for no other reason ...more  
Comment by WinnerCircle948 on Oct 15, 2022 10:28pm
Mr. KnowAll, Ask your broker how debenture is traded. $163,000 (face value) was traded yesterday at a discount (91%) for about $148,000. Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo Last Tr News Delay QTRH.DB - T  ATS 15.0  ...more  
Comment by cabbieJBJ on Oct 16, 2022 1:36am
WinnerCircle, reporting format on the debentures is confusing. Weegee should be cut some slack as he appears to have cut and pasted from ceo.ca OMG, did I say that?
Comment by v_guerriero on Oct 16, 2022 7:24am
Why don't you go to the actual exchange where it is listed to get the facts: https://money.tmx.com/en/quote/QTRH.DB
Comment by WinnerCircle948 on Oct 16, 2022 9:41am
I am a owner of these debentures; i have been trading a lot of debentures in the last few months. And you?
Comment by cabbieJBJ on Oct 16, 2022 10:38am
What does it matter what amount is traded unless the company's abiliity to redeem is problematic, which it is not.  The reduced price seems to mirror increasing interst rates.
Comment by v_guerriero on Oct 16, 2022 6:32pm
That's true for now.  As the cash equals debt on the balance sheet. The issue is if this next quarter continues to the horrendous cash burn, investors will extrapolate the cash burn to 5-6 quarters of operating cash left.  They won't be able to pay the debentures back in 3 years if the cash burn sustains at these levels. Though they have the option to pay the debentures ...more  
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