True North Commercial REIT T.TNT.UN

NCIB

[SIGG1]

If it stays under $10 I wish they could wait to reinstate the distributions and just keep buying shares back until there are barely any shares outstanding left.

[luscar99]

This post has been removed in accordance with Community Policy

[flamingogold]

I would say watch DD buying.... last buy was Jan. 11. If his buys have indeed come to a stop as they did pre-announcement of the distribution cut to 0 and the buyback plan, then I would have to believe a change is in the winds.... again. This might mean an extension of the current plan as you wish. However, just know that this would most likely sink the s/p, hence why DD might have stopped buying

[SIGG1]

Flamingo, isn't DD under blackout for Q4 earnings? 

[flamingogold]

I believe he is now but he stopped Jan. 11. Last year they reported Q4 earnings March 14 (pushed back originally from a late Feb date), which would still be more than a month. Perhaps someone knows officially his blackout period.

[luscar99]

This post has been removed in accordance with Community Policy

[EstevanOutsider]

my guess is he puts in a modest distribution but keeps enough to continue the buybacks. i would rather use the available cash to buyback units here and would add more if he does.

[luscar99]

This post has been removed in accordance with Community Policy

[BlueJay2020]

I agree, but I think we are a long way away from that happening here! I am expecting to see a lot of red ink from writedowns in the Q4 results (like Allied) which will inevitably spook retail investors and the price will sink below $7.50.  Drimmer will fill his boots at those levels before announcing a sale of assets close to NAV, do a SIB and make off handily.

[flamingogold]

BlueJay, are you saying you're out?

[BlueJay2020]

Nope, still holding and not even contemp[ating selling!  Although I am expecting a drop from here, there is no guarantee I am right and even if I am right I am not going to try and time the market.  There is deep value here and I am not going to bale out on the basis on some IFRS accounting adjustments :)  However, there are some that will, not to mention the risk of shorts. 

[luscar99]

This post has been removed in accordance with Community Policy

[flamingogold]

Contrarian is my middle name lol!