I am not sure what an anchor investor is but I was involved with a rights offering that went something like this.... You were issued the rights and then you could offer to buy more without any guarantee of receiving more (the number of shares was set and when the were gone they were gone) and then whatever was left over was bought by someone else who guaranteed capital.
I think they have higher distributable income but that can be withheld. riets are notorious for that. I don't think a rights offering counts as a dividend so the entire statement is bull. I think that cash is being withheld from the market from people like me because we are waiting for the rights offering and building up cash though.
div was 8 cents stock went down 9 cents.... good time to buy some shares... I think it is depressed because shareholders are hording cash for the rights offering..
Sentiment: Strong Buy
I sold the shares.... bought some htm though.. They made me some nice money and I hope they do well in the future.
It maybe dump and pump... someone wrote an article saying they didn't trust them even if they are undervalued. I am buying shares next week anyway but with this price it is tempting to buy more here.
most likely it is that, I am not sure why I would need to buy extra rights to get extra shares though so I am not sure how big that market is.
looks like most everything in real estate went down (at least my holdings) except nrf (I just started a spot in my portfolio for it)
I hope not and I think there has to be a new ceo first.. great yield to be sure, maybe I buy more in june at $7.12 maybe I keep all of someone's money instead..
Sentiment: Strong Buy
I probably bought at the wrong time short term... but I am getting more money to put into a rights offering or into nrf and nasm. I don't see anything that is long term type of news that would tell me different.
This may be a continuation of the syntrolium curse (the company they bought to get the plant)... drilled a dry hole off of Africa, went into nat gas (removing nitrogen) before the crash in natural gas... I would assume that having republicans in congress and the white house would be bad for the stock. Low oil prices do not help so keeping the democrats and flooding the world with oil is not good for them either.
I like the thesis, I just have to pose the question as a potential risk. I have also noticed and am excited about getting metal from the trash and the high electric rates in some countries, cva says they have no cost for the electricity from their trash to energy plants (for some reason the plants are all in the united states where the price of electricity is low) therefore no one can compete and they get paid to get rid of the metals.
apparently they are buying real estate in a 60/40 deal with nrf.. how the two companies together would spin that off could be interesting..
sometimes a rights offer lets you buy your allotted amount and then there are leftover shares that may be available also. I can think of a scenario where the cash raised at psec does not generate money right away so the div could drop and go back up. I suspect the dividend on this one is double digits but someone may know more about that. I would try to plan on buying more than you have the right to buy to get some extra upside.
It gets priced under the asset value benefiting those who buy at he expense of those that don't. That is my thesis and why I am annoyed at the sec instead of psec. overseas you are not allowed to participate in a listed company (you can buy the shares on the market but not at the special offer of a rights offer)
It has been a huge discount to nav... I would suspect the rights offering is tieing up some of the investment cash for awhile. welcome to the shareholders club though..