Author Topic: TPRP - Tower Properties  (Read 16539 times)

mjohn707

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Re: TPRP-Tower Properties
« Reply #40 on: December 04, 2017, 07:39:14 AM »
Yeah seems like the company agrees with us that their shares were quite undervalued at 16.5-17.5 when raising the tender offer price by 12-14% before the offer even expires. Gotta give them props for trying to buyback as many undervalued shares as they can get their hands on  :D

Yeah I wonder how this all will play out
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HowMuchValue

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Re: TPRP-Tower Properties
« Reply #41 on: April 01, 2018, 07:24:21 AM »
Wow the amount of liquidity they probably have on hand right now is ridiculously high in comparison to the current share price. By my estimates it seems like they have about $50 million of liquidity (commerce bancshares stock, cash, untapped line of credit, cash generated in q1 2018, and if they borrowed 50% of The One and Two Liberty Plaza buildings and 50% of Deer Creek Woods Bldg #3). This is $50 million / 4,173 shares outstanding =  ($12,000/share.

Foreign Tuffett

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Re: TPRP-Tower Properties
« Reply #42 on: May 03, 2018, 10:01:10 AM »
Anyone have any thoughts on the valuation here?

mjohn707

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Re: TPRP-Tower Properties
« Reply #43 on: May 03, 2018, 05:40:09 PM »
Anyone have any thoughts on the valuation here?

I think it's somewhere in the order of 24-27K per share on a liquidation-type basis depending on how you'd want to handle the deferred taxes.  Brighter lights will have to weigh in on whether and how much you'd want to pay for the continuing business
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HowMuchValue

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Re: TPRP - Tower Properties
« Reply #44 on: June 09, 2018, 04:26:11 PM »
Still extremely undervalued.