TCQ 0.00% $1.03 trinity group

nat 38c - , page-5

  1. 94 Posts.
    thats a good post k8sy

    i agree with you in respect to the company needing to have a vision and go there, whether that be flogging the direct assets and doing what you said or moving into something else

    i dont think they can be at a point where they have a foot in multiple camps - development, direct property and fundies. you cant be jack of all trades plus the subsequent governance concerns would be too great (look at whats already happened)

    they do have a proven history as good managers of other peoples money (the long term TPT IRR is pretty good) so i guess thats why they are following the fundie path

    what i meant by my post was, at these price levels, the market is already discounting the funds management to 0 and then putting a 30 cent in the dollar valuation on their NTA

    most of their peer group is at or slightly below NTA now, and looking at GMG (which is a similar fund focused REIT, albeit 300 times bigger, stronger and financially sound) is trading on an NTA premium

    food for thought



 
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