Author Topic: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?  (Read 106245 times)

Rod

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #440 on: November 13, 2018, 07:13:29 AM »
Was there any news yesterday? 10% down on not much volume.

I couldn't find any news. Q3 release is in two days. It's possible that information has leaked about the results and its not good. Or maybe someone just wants out before the results are announced. It seems a little desperate to crash the price to do so, but we will know in two days.


petec

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #441 on: November 13, 2018, 07:19:11 AM »
Was there any news yesterday? 10% down on not much volume.

I couldn't find any news. Q3 release is in two days. It's possible that information has leaked about the results and its not good. Or maybe someone just wants out before the results are announced. It seems a little desperate to crash the price to do so, but we will know in two days.

Agreed.

sculpin

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #442 on: November 13, 2018, 09:35:20 AM »
Was there any news yesterday? 10% down on not much volume.

I couldn't find any news. Q3 release is in two days. It's possible that information has leaked about the results and its not good. Or maybe someone just wants out before the results are announced. It seems a little desperate to crash the price to do so, but we will know in two days.

A large block has been overhanging the DC shares for some time now - it was crossed by TD this morning at $1.28...

 79 CIBC K
12:27:17 T 1.30 -0.01 200 85 Scotia 80 National Bank K
12:27:17 T 1.30 -0.01 400 85 Scotia 1 Anonymous K
12:27:17 T 1.30 -0.01 300 85 Scotia 79 CIBC K
12:26:30 T 1.28 -0.02 2,140,900 7 TD Sec 7 TD Sec W
12:26:30 T 1.29 -0.02 200 80 National Bank 7 TD Sec K
12:26:30 T 1.29 -0.02 300 79 CIBC 7 TD Sec K
12:26:30 T 1.29 -0.02 600 9 BMO Nesbitt 7 TD Sec K
12:21:33 T 1.30 -0.01 1,400 2 RBC 1 Anonymous

Lakesider

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #443 on: November 13, 2018, 11:23:04 AM »
Was there any news yesterday? 10% down on not much volume.

I couldn't find any news. Q3 release is in two days. It's possible that information has leaked about the results and its not good. Or maybe someone just wants out before the results are announced. It seems a little desperate to crash the price to do so, but we will know in two days.

Now up 15%, could have been a good day if someone added  :P

Rod

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #444 on: November 13, 2018, 02:35:41 PM »
Maybe someone got a margin call.


Rod

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #446 on: November 14, 2018, 06:59:30 PM »
http://dundee.financial/dc/-/media/DGC/DC/2018-11-14-Q3-results.pdf

Looks like a repeat of Q2. Parq still losing money and showing no sign of ramping up. Little in the way of asset sales and losses all over. No meaningful developments that I can see. Might hear something more significant on the conference call tomorrow.

doc75

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #447 on: November 14, 2018, 07:13:02 PM »
Parq continues to underperform.  I was expecting a bump in revenue during high season but operations improved only marginally from Q2 to Q3.   Note that they quietly recorded another unrealized loss of $30M on their Parq holdings.  Smaller impairments all over the place. 

Hard to see how this doesn't hit new lows before year end, barring great revelations on the conference call tomorrow or a pleasant surprise from Chad.


Lakesider

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #448 on: November 14, 2018, 07:18:26 PM »
If they hurry up with the divestitures we should start to see some value. Likely that they will use proceeds to purchase more poor investments however.

Cardboard

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Re: Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?
« Reply #449 on: November 15, 2018, 08:21:47 AM »
Goodman said the following in his opening remarks (sorry if not typed exactly but, I am sure it is close):

"Optimistic that good things will happen in next quarterly cycle."

Parq is being restructured and latest deal will likely be made with same financier who, if we tie the dots from what was said in the call, has signficant experience in hotels/restaurants.

DPM definitely looks like on the right track and gold finally seems to be catching a bid.

Chad could be enormous. Rig is now in place and drilling should start any time. They are talking potentially 100,000 bls/d with 5% royalty. China firm is right accross border with similar field and geology and producing.

And more liquidation of smaller holdings is likely.

So I expect some kind of turnaround events that could change things dramatically over next 3 months.

Cardboard