Has an offer been accepted? What are the cap rates? What is occupancy pct? What occupancy pct is projected noi based on? All if you don't mind sharing.
Same guy who wrote an error filled hatchet job on NRF a few months ago on SA. IMO, he's just trying to defend his SA botch here.
If you go to the nasdaq website under any symbol and click on Institutional Holdings, you get the tute report. If you click on the date column header, the file resorts into newest date reported order.
As of a few minutes ago,for NRF, 12 tutes had reported 12/31/15 holdings. 4 of them sold out.
For NSAM, 7 reported with 3 sold out.
For NRE, 10 reported with 5 sold out.
Yeah, the number of shares held and transacted by early filers is very small, but the percentage of sold out tutes is telling.
On no company-specific news except a shareholder goes public, usually a good sign in a mistrusted management situation.
And management stands silent.
Pathetic and infuriating.
I think you have posted here to the effect that nsam is getting hammered right along with (or similarly to) other asset managers. Just before I started typing this, nsam is down over 11% ytd.
Would you please post ytd pct for the asset managers you refer to. I happen to watch AINC and they are up almost 4% ytd. Who you lookin at?
I agree that the best use of nsam's cash in the long run is to buy back stock. But a short term boost is sorely needed. A 1 cent increase (10%) in the quarterly dividend costs less than 8 million per year vs a 400 million buyback authorization. IMO, a 10% dividend increase is money well spent.
Sold'em for 14.3681 shortly after the open for an overnight 3%. Another 2 grand for the Christmas fund.
I might even buy'em back if the smackdown goes far enough.
Well, if the yield was 36.8% on a 7.06 annual dividend, that means the stock price was 19.18. If 19.18 is 20% of book, then book was 95.90.
I hope you didn't pay too much for that research report.
You are comparing price/book to price/nav. That's apples to grapefruit. Result = invalid comparison.
It's a lemming market feeding on itself. Management could stop it cold with dividend announcements of 75 cents, 15 cents and 12 cents for nsam. Will they do it? Don't know. Hamo may be too stubborn to release info his way.
The next dividend will be 75 cents, imo. If they had any brains they would announce it NOW to stop the speculation (and fear). A 21% yield from an equity reit??? What is the natural reaction? IMO, it something like, "too good to be true" and "something must be wrong". The downward spiral causes more fear which causes more selling.
IMO, management is now like turtles with heads and legs pulled inside the shell, hoping it will go away. It won't without positive news from management. They know what 4Q cad per share is right now. They know what the dividend will be right now. Why won't they announce it? Hamo being stubborn in not letting the market dictate news timing? That would be my guess. HE wants to be in control. I can't wait for the next shareholder vote.