Post by
nozzpack on Feb 13, 2023 7:48pm
Funds buying RET.a
Not enough liquidity to do so for RET which is why that equity class is moving upwards very quickly.
So, based on volumes, it would appear that funds wishing to acquire a position are doing so via the much more liquid RET.a.
As both have the same fair value, I have been selling my RET shares at a nice profit and then replacing those with much cheaper RET.a shares
Comment by
CarefulSpec on Feb 14, 2023 10:49am
It's almost a guarantee that if larger players are buying they are buying the A shares. Institutions aren't stupid, and buying the much more expensive voting shares that have less liquidity would be exceedingly stupid.
Comment by
IRAM99 on Feb 14, 2023 10:57am
I wouldn't necessarily agree with this. If a fund wants to put pressure on management to do something with the real estate, buyback etc then having votes matters. I understand Reitmans family has over 50% of the votes but getting to +10% ownership of voting shares could definitely get you on the board or at least in the door for meetings with management.