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Thank you for the reply, apologies my comment was so short.
I've been holding PERE since the CAF days, took part in a couple of raises and averaged down a lot since.
My hopes were that Minto would be a cornerstone asset used as a step one and then on and towards new ventures, it's ultimately now been sold for stock and I'm hoping we get some idea of what is to come next over the next month of so. Mainly as in my eyes we are now a shell who hold stock, so some form of road path for what the future brings would be nice. The reason I said divi and close doors is that MNTO is now Minto, we have just stock, and it's a lot which is great, but I don't see how we would be rerated on just that alone, yes trading significantly under the paper value, but unless we see someone coming to buy the whole lot for 12-14p I don't see us reaching them until the market sees what is next in store.
I'm not anti Pere, I am a supporter and have recently added to my holdings, I just think perhaps the next couple of months need clarity.
Gati has done wonders, helped out with the fundings (be it he will be rewarded at a nice rate). But he has still put his money where his mouth is, I look forward to what happens next and I'm comfortable.
Just was pondering as thwt is the fastest way to reach the double digits.
Who knows, see what Gati has to say.
Atb.
A special dividend to Pembridge share-holders corresponding to the sale of the asset/ Minto share-holding (eg near to 13p to 14p divi per Pembridge share currently) is indeed a plausible option. It might well be the outcome here. It is what several companies in a similar position have done and would likely be acceptable to the majority of share-holders here, including our major share-holder / Managing Director - especially if the SP here otherwise continues to sit at this discounted level. Before we reach that point, however, it would be good to hear what Gati's current plans for the businesses are and to see if we can feasibly get to the 14p SP level here reasonably soon without divesting the Minto share-holding.
Sell up, divi 14ishp.
Imo.
@appletree: yes, the volume is small. It's often small for PERE. Now that MNTO has listed, PERE is a fund which holds shares in a single company. Most people interested in MNTO will buy shares in MNTO directly. Gati (the 'fund manager') has a seat on the MNTO board. A fund does not necessarily soar, just because one of its shares does. It depends on the debt and cost situation of the fund holding the shares... Lots of funds trade at a big discount to NAV. If I was Gati, I'd be thinking about how to buy the whole of PERE and selling the MNTO shares, because until MNTO starts paying dividends, it's hard to see how PERE investors get a return. In order to do that, I'd want the PERE price as low as possible...
FYI: I am an active trader of PERE. I used to have a large position, but bailed once the MNTO listing was announced.
Great post Appletree1, completely agree.
This drop back to 6p, around the average SP level of the last year, is on very small volume. This stock is of course majorly under-valued currently. The TSX listing proves that. Paradoxically since that hasn't led to an immediate upwards re-rate the impatient have accordingly sold/are slowly selling and the LTH's are refraining from topping up until fresh investors spot this stock and buy in. I think we need exposure / a further catalyst to grab the broader market's attention. As a starting point I think Gati should do stock-market publicity interviews on VOX etc and set out the achievements, prospective revenues and his vision/plans for Minto and Pembridge.
@Bythesea: "Been here for about 5 years and about 70% down"
You might find the book 'The Art of Execution' by Lee Freeman-Shor useful.
Been here for about 5 years and about 70% down you have to just laugh at what the SP is and what people including Gati says it should be.The stock market is for BODs MMs and Traders to make money.People like me ordinary investors are just cannon fodder.
100k buy
**** drop