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drbubb

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  1. pg4 : Abitibi / RZZ is running ahead of GZZ, & GZZ owns about 45% RZZ.v, Gzz, Izz ... update / Last: $0.34, $12.75, $0.16 : R-2.76%, R-212% Update / GZZ website : http://www.goldenvalleymines.com/ : RZZ : MZZ : IZZ : SOI : GZZ Ownership - MAR. 2019 Presentation : https://www.goldenvalleymines.com/investors/presentations/March-2019-Mtl.pdf Sym.: Company --------- : C$price: -Low - High-- : ShOS : %Pct.: xGzzSh: MktCap: Mar.19 Presentation Value: === : 05/06/19 Prices : GZZ : Golden Valley-- : $ 0.340 : $.215- $0.39 : 134.0 : 100.%: 134.0 : $45.6m : $48.2M : RZZ : Abitibi Royalties: $12.75 : $7.98- $13.5 : 12.49 : 49.2%: 5.605 : $71.5m : $69.8M : SOI : Sirios Resources: $ 0.165 : $0.12- $0.28 : 121.2 : 03.3%: 4.000 : $0.66m : $0.90M : VZZ : Val d'Or Mining : $ 0.090 : $.075 - $0.13 : 33.19 : 24.6%: 13.19 : $1.19m : $0.80M : IZZ. : Intl Pros. Vents. : $ 0.160 : $0.12- $0.38 : 25.13 : 16.6%: 4.471 : $0.72m : $0.80M : ================== > ------------------------------------------------------------------- : $74.1m : $72.2M : OTHER Assets: abt.3% NSR Chechoo: gold royalty: 3% at gold > $1,200- $2,400 ----- : $06.8 m? (20% SOI) === HISTORY: GZZ.v: shsOS: MktCap / NetAV /= MC/nav : %Disc : R:G/R: RZZ.v: Sh.OS : R.MCp: xGzz/owned = R.value : 08/28/17: 0.310 : 123.M: $38.0m / $54.8m /= 69.3% : -30.7% : 3.33%: $ 9.30: 11m.E=$102m x51.0%/5.605 = $52.2m 03/07/18: 0.265 : 130.M: $34.4m / $56.7m /= 60.7% : -39.3% : 2.79%: $ 9.64: 11.4m=$110m x49.2%/5.605 = $54.1m 12/31/18 : 0.240 : 133.M: $31.9m / $53mE /= 60.2% : -39.8% : 2.63%: $ 9.14: 12m.E=$110m: x46.7%/5.605 = $51.2m (nav+$2m) 05/13/18: 0.340 : 134.M: $45.6m / $74.1m /= 61.6% : -38.4% : 2.67%: $12.75 12.5m=$159m: x44.9%/5.605= $71.4m ———————— GZZ owned 51%, 5.6M shares of RZZ in 2015 : d#1 : m#2 : RZZ-etc w/ GZZ.v ... from Beg. 2016 : May'18 : from Beg. 2016 :  UPDATED to 10/7/2019 follows == Ratio: GZZ to-RZZ: 2.76% Ratio: Gzz to-Izz :
  2. Tory-Brexit Party Alliance Urged After Polling Surge A prominent Conservative Member of Parliament has called on his party to consider an electoral alliance with the surging Brexit Party as a means to see off oblivion for the movement, and to deliver Brexit for the British people. The comments by former soldier, defence select committee member, and foreign affairs select committee chair Crispin Blunt come after a series of polls showed sustained growth of support for the Brexit party. While European Union elections have long been seen as a safe place for mid-term protest votes to take place by the political establishment in the United Kingdom, polling showing that the month-old Brexit Party is now beating the Conservatives in even general election polling has sent shockwaves through Westminster. Seeing his party as failing to deliver its core manifesto pledges and being potentially punished at the polls as a result, veteran MP Blunt took to British television to say the party had to reinvent itself as one of Brexit. Speaking on the BBC’s Newsnight, Blunt said it was time for the Conservatives to reinvent themselves in the face of changing demands from the public over what they want out of politics. He said: At one point, the Prime Minister will be replaced. I cannot imagine for one minute that Theresa May is going to want to go to the next Conservative Party conference in October and address it as leader. I accept of course we’re in deep trouble and deep difficulty. But if we, under a new leader, reinvent ourselves properly as a Brexit party, we will be faced with the inevitability at some point of a general election in order to deliver Brexit because this parliament is stopping the delivery of Brexit. Despite the hope for clawing back support by making it explicit that the Conservative party supports the democratic will of the British people — something apparently unclear under the leadership of Theresa May — Blunt seemed to also accept that much of the damage was already done. Although it was not clear what it might entail, the veteran Tory said it would be necessary for his party to do a deal with Nigel Farage’s Brexit party, saying: …in my judgment, we are going to have to come to an accommodation with the Brexit Party. The Conservatives as a Brexit party, being very clear about their objectives are almost certainly going to have to go into some kind of electoral arrangement with the Brexit Party, otherwise Brexit doesn’t happen. Blunt’s outspoken remarks about the future of his own party have been met with some distaste, with The Times reporting unnamed Conservative members of Parliament who said they would abandon the party if it took support from the Brexit Party in a future Parliament to deliver Brexit. Nigel Farage had said just hours earlier that he was willing to do a “deal with the devil” — meaning giving political support to the Conservative or Labour parties — if they’d deliver a full Brexit, admittedly an unlikely scenario in both cases as the parties presently stand.
  3. SSP MktCap : 0$.16 x 210 Million shares = C$33.55 Million GCM got its interest up to about 18%, by purchasing 2.5 Million shares in a private transaction At a price of C$0.28 per share (x2.5M= C$700k ) C$33.55M x 18%= C$6 Million "Through completion of the Transaction, Gran Colombia has increased its holdings in Sandspring to an aggregate of 37,500,000 common shares and 16,000,000 share purchase warrants. Each share purchase warrant entitles the Company to purchase one additional share of Sandspring at CA$0.40 for a period of sixty (60) months. The 37,500,000 common shares represent approximately 17.88% of the outstanding common shares of Sandspring. Assuming that Gran Colombia but no other warrant holder exercises and holds its share purchase warrants, when combined with its existing ownership, Gran Colombia would have control and direction over 53,500,000 common shares representing approximately 23.71% of the then outstanding common shares of Sandspring." > source 210 Million x 17.88%= 37.5 Million shares of SSP held by GCM Comments from SSP's Bullboards 29mcap minus $6mm cash = $23mm for 4mm ounces a gold (posted April 28, 2019 , revise as follows): C$33.55M / C$1.35 = US$25 M - $5M = $20M / 4Mn oz = US$5 per oz. and: 10 MILLION LOW GRADE OUNCES FOR $20 MM (that's $2 per oz.) Read more at https://stockhouse.com/companies/bullboard?symbol=v.ssp&postid=29709164#qbx4utPtaBiGP3kO.99 Where is the Gold?: Sandspring Resources Updates on Toroparu Studies, Wheaton Precious Metals Purchase Agreement and Chicharrón Drilling February 26, 2019 – Denver, Colorado and Vancouver, British Columbia – Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce the advancement of a Preliminary Economic Assessment (“PEA”) defining the re-scoping of its flagship Toroparu Project in Guyana, S.A. and the execution of an amendment to the Precious Metals Purchase Agreement with Wheaton Precious Metals International Ltd. (“Wheaton”) extending the due date for completion of a Final Feasibility study on the Toroparu Project to December 31, 2019. The re-scoping study of the Toroparu Project, conducted by SRK Consulting (U.S.), Inc. (“SRK”), includes a revised operating plan that utilizes the additional resources identified in the updated Mineral Resource Estimate for the Toroparu Project (Press Release of September 26, 2018). This plan would commence operations with production of gold in doré bars (“Phase One”) instead of gold contained in copper concentrate as originally proposed in the May 2013 Prefeasibility Study prepared by SRK (www.sedar.com).1 The revised plan provides the potential for a lower initial capex and the generation of sufficient free cash flow during Phase One to finance the expansion of the Project to full capacity and the construction of a run-of-river hydroelectric project2 to provide low-cost power for the Project for the expanded operations. Higher grade gold-only mineralization in the shallow portions of the Toroparu main pit, and the satellite deposits at the SE Zone and Sona Hill, would provide feed for the initial development of a Carbon-in-Leach circuit in Phase One. This initial production would be followed by expansion of production capacity to include a copper-gold-silver flotation concentrate circuit. The construction of the hydroelectric project would be timed to come on line at the completion of the expansion to provide lower power costs using a combination of hydro and on-site thermal power generation which can lead to a significant reduction of operational costs over the remaining life of the mine. Sandspring and Wheaton are currently reviewing the re-scoping of the Project in accordance with the Precious Metals Purchase Agreement entered into in November of 2013 and amended in 2015. Wheaton and Sandspring have executed a letter agreement extending the due date for delivery of a final Feasibility Study for the Toroparu Project to allow Sandspring time to complete the PEA and move to final Feasibility Study work. The final feasibility study is now due on or before December 31, 2019. “The re-scoping efforts have been a team effort and the work has taken a considerable amount of time due to the engineering and environmental due diligence necessary to incorporate the higher-grade gold resources at Sona Hill into the Toroparu Project. We want to be sure our plan to expand the project can be executed in an orderly manner without limiting our ability to process a high percentage of the Measured and Indicated resources identified in the Mineral Resource Estimate. Certainly 2019 will be a pivotal year for Sandspring and the Toroparu Project,” said Rich Munson, CEO. > http://www.sandspringresources.com/i/pdf/nr/ssp-20190226-pr.pdf
  4. GCM / Gran Columbia Gold could be starting a Surge, with a 5% jump GCM.t ... update / Last: C$3.31 +$0.16, +5.08% GCM.wt.B ... update / Last: C$1.67 +$0.07, +4.38% I bought some shares yesterday in Sandspring, where GCM owns XX% SSP.v... update : vs.GCM / Last: C$0.16, UNCH. Yesterday, the closes were: $xx, $xx, $xx / wtB/GCM= xx, SSP/GCM= xx, SSP/Gcm.WtB= xx DATE=C$: GCM.t Wt.B : Vol. : Ratio: ITM-$: TimeV: %IV : %442/ SSP.v : %Gcm 09/06/18: $2.16: 0.710, 00.0k : 32.9%: 0.000: 0.710 : 0.00%, 48.9/ $0.240, 11.1% 09/28/18: $2.25: 0.970, 00.0k : 43.1%: 0.040: 0.930 : 4.12%, 50.9/ $0.240, 10.7% 10/31/18: $2.32: 0.910, 66.8k : 39.2%: 0.110: 0.820 : 12.1%, 52.2/ $0.215, 9.27% 11/30/18: $2.53: 1.280, 22.1k : 50.6%: 0.320: 0.960 : 25.0%, 57.2/ $0.180, 7.11% 12/31/18: $2.82: 1.400, 00.8k : 49.6%: 0.610: 0.790 : 43.5%, 63.8/ $0.245, 8.69% 01/28/19: $3.36: 1.630, 26.7k : 48.5% : 1.150: 0.480 : 70.6%, 76.1/ $0.290, 8.63% 02/19/19: $4.42: $2.42, 69.4k : 56.8% : 2.210: 0.210 : 91.3%, 100./ $0.295, 6.67%: wt.High Close ! 02/28/19: $4.40: $2.41, 15.9k : 54.7% : 2.200: 0.210 : 91.3%, 99.6/ $0.265, 6.02% 03/29/19: $3.67: $1.80, 30.5k : 49.0% : 1.440: 0.360 : 80.0%, 83.0/ $0.230, 6.27% 04/30/19: $3.34: $1.70, 12.3k : 50.9% : 1.130: 0.570 : 66.5%, 75.6/ $0.170, 5.09% 05/13/19: $3.31: $1.67, 08.5k : 50.5% : 1.100: 0.570 : 65.8%, 74.9/ $0.160, 4.83% 05/16/19: $3.69: $1.95, 08.1k : 52.8% : 1.480: 0.470 : 75.9%, 83.5/ $0.160, 4.34% =================== Default seems to be: Wt.B trades at 50% of GCM. SSP is down to under 5% of GCM. So cheap, I could not resist buying some SSP.v shares GCM.t -vs. SSP, etc. ... 1/2016 : 1/2017 : 1/2018 : 12mos: 10d : C$0.16 / C$3.31 = 4.83%
  5. Britain's Leading Witch ... is no longer leading a popular party European election poll: Tories slump to fifth as Farage's Brexit Party ... 14 hours ago - The Conservatives have plummeted to fifth place in the latest poll ahead of the European elections, 24 points behind the buoyant Brexit Party. The survey ahead of next week’s contest has the Tories on just 10 per cent, securing less backing than Labour, the Liberal Democrats and ... The Conservatives have plummeted to fifth place in the latest poll ahead of the European elections, 24 points behind the buoyant Brexit Party. The survey ahead of next week’s contest has the Tories on just 10 per cent, securing less backing than Labour, the Liberal Democrats and the Green Party. However, Nigel Farage’s newly-formed Brexit Party was in the lead, which despite only being launched weeks ago was on 34 per cent in the YouGov poll for The Times. https://www.independent.co.uk › News › UK › UK Politics
  6. CHE.Un / Chemtrade - Q1 Results Chemtrade loses $29.3-million in Q1 2019-05-08 The first quarter results also include an increase of $40.0 million in the reserve for legal proceedings ("Litigation Reserve") established in 2018 to cover the costs of resolving the civil actions commenced against General Chemical entities EXCERPT Net loss for the first quarter of 2019 was $29.3 million, compared with net earnings of $6.9 million in 2018. The decrease was primarily due to the Litigation Reserve booked in the first quarter of 2019, and higher net finance costs due to a loss from the change in the fair value of convertible debentures, partially offset by higher income tax recoveries during the first quarter of 2019 compared to the first quarter of 2018. Excluding the Litigation Reserve, Adjusted EBITDA(1) for the first quarter of 2019 was $84.0 million compared with $72.0 million in the first quarter of 2018. The increase in Adjusted EBITDA is mainly attributable to the adoption of IFRS 16, which amounted to $14.6 million, offset by lower Adjusted EBITDA in the EC and Corporate segments. Cash flows used in operating activities were $53.5 million compared with cash flows from operating activities of $35.0 million during the first quarter of 2018. Adjusted cash flow from operating activities(1) was $11.5 million compared with $54.1 million generated during the first quarter of 2018. Distributable cash after maintenance capital expenditures(1) (excluding the Litigation Reserve) for the first quarter of 2019 was $42.5 million or $0.46 per unit compared with $44.2 million or $0.48 per unit in 2018. Chemtrade President and Chief Executive Officer, Mark Davis, said, "Our SPPC segment benefited from higher selling prices for sulphuric acid and improved efficiencies as we are starting to benefit from the restructuring of the business following a significant reduction in the product we receive from our largest by-product supplier. > https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCHE-2756231&symbol=CHE&region=C
  7. Colliers on Bacolod (from Q1-2019 Report) "AFFORDABILITY IS KEY" (to boosting sales?) The condominium segment in Bacolod City is still in its early stages, but we see both demand and supply rising once various township projects are completed. Demand for Houses and Lots remains strong as it is buoyed by OFW's as well as local and foreign investors. Developers should be cashing in on residential opportunities by: + Converting brownfield properties such as the old airport into mixed-use communities + Exploring land buying opportunities around the fringes of Bacolod City + Aggressively developing affordable and economic units + Acquiring develop-able land near planned infrastructure projects Condos are still an small factor in Bacolod Housing Market, now roughly 20% of annual takeup demand But the shift is TOWARDS CONDO Living Condominiums. : End'17 : Added 2018 : End'18 : 2019 : 2020 : 2021 : End'2021 : Condo Supply. : 1,175 : 133 +11.3% : 1,308: 0 : 140 : 733 : 2,181 +66.7% vs.2018 : (note: Greater Manila Supply is over 120,000 units Compare with House & Lot supply, which Colliers estimates at 17,660 units in Bacolod; so Condos are just 7% of standing Supply Estimated Demand: 2017 : 2018 : 2019 Condo Takeup/sales: 290 : 560 +93.1% : 330, - 41.1% vs. 2018 H&L Takeup/sales: 1,730 : 1,490 - 13.9% : 1,410, - 5.4% vs. 2018 Pct. which is Condos: 14.4%. : 27.3% : 19.0% PRICING?: Colliers estimates a 3.0% increase in Condo prices, and a 2.0% increase in House & Lot prices in 2019. Condo prices will likely be propped up by... + Growth in the BPO sector, + Rise in foreign tourism, + Expansion in the city's economy
  8. WITCH to be Burned in Election POLL: Theresa May headed for historic defeat... Theresa May on track for the worst General Election result in Tory Party history - as Brexit Party is predicted to win more votes than Labour and Conservatives COMBINED in European elections, polls say The Brexit Party is slated to win 34% of the vote in upcoming European elections Labour is on 21% and the Tories are predicted to win just 11% of the vote The data, from Opinium, also puts Labour first on 28% for a General Election This is ahead of Conservatives on 22%, with the Brexit Party third on 21% A separate poll puts the Brexit Party ahead of the Tories in a general election ComRes survey puts Labour on 27%, Brexit Party on 20% and Tories on 19% This would be the worst result in history for the Conservative Party
  9. Conv. Are Testing resistance, and may soon get a shot up... Or rollover Underlying shares (of discounted Debs) / DHX -etc. from 1/1/2016 : : BCV-etc ... Update : 10d : $21.59 w/ 4.63% yield ($1.00 div.?) - BCV is a us convertible fund (shows how cv bonds are performing)
  10. Jeff Bezos Has Plans to Extract the Moon’s Water The Amazon CEO unveiled a sleek-looking lunar lander—and he hopes the White House takes notice. Between the shipping and handling, the web servers, the groceries, and the newspapers, Jeff Bezos never stopped thinking about the moon. He was 5 years old when Americans first walked on the lunar surface, and he remembers the grainy black-and-white footage from that historic moment. “It had a huge impact on me,” Bezos said. “And it hasn’t changed.” Bezos, in addition to leading Amazon and owning The Washington Post, runs a spaceflight company called Blue Origin. Blue Origin has been working on something for the past three years, and on Thursday, Bezos unveiled it: a giant spacecraft designed to touch down gently on the lunar surface, plus a small rover with droopy camera eyes, like WALL-E. “This is an incredible vehicle,” Bezos said, beaming. “And it’s going to the moon.” The lander revealed on Thursday, a mock-up, is called Blue Moon. It’s sleek, hulking, and insect-like, with spindly legs to cushion the landing. Here’s the plan, or at least part of it: Before touching down on the lunar surface, Blue Moon will dispatch a bunch of tiny satellites, depositing them into an orbit around the moon, where they can collect scientific data. Then it will fire its engines and begin its approach. Less than a mile from the surface, it will rotate itself to land upright. The underbelly is equipped with lasers to guide the spacecraft to its target landing zone. Once it’s on the ground, robotic arms will lower a rover, perhaps as many as four, onto the dusty, slate-colored ground. Patrick Semansky / AP Bezos said engineers are ready to begin engine tests as early as this summer. But there are some notable gaps in this plan. The lander must be launched into space on a rocket, and Bezos didn’t say which one. He didn’t say when it might fly either. But he said enough—especially to the people he made sure were listening. The big reveal was held at a conference center about a five-minute drive from the White House. In March, Vice President Mike Pence announced that NASA would undertake a mission to the moon and return American astronauts to the surface in 2024. It’s an ambitious plan, and currently unfunded; NASA has yet to tell Congress, which determines the funding for the agency, how much this effort will cost. NASA has solicited proposals from U.S. commercial spaceflight companies to help, and many, mostly small start-ups, have jumped at the chance. That now includes Blue Origin, which leads the pack in spaceflight experience. Bezos spoke effusively about the new policy and Pence’s vision. He invited Mark Sirangelo, a space professional whom NASA hired to guide the new effort—to be, essentially, Trump’s moon czar—to the event. Bezos declared, “It’s time to go back to the moon, this time to stay.” Here I am, Bezos seemed to plead; use me. Read: The moon is open for business In the vision he laid out, Bezos went beyond the moon. Earth’s resources, he warned, are finite. Someday they will be depleted, and humankind will be forced to look for other homes. “Space is the only way to go,” he said. But he eschewed popular destinations such as Mars, which his colleague in the space biz, Elon Musk, dreams of tearing up like an old carpet to construct a new, Earth-like environment. Bezos is a natural fit for this kind of endeavor. Today, rich guys are doing the work historically done by governments and their vaunted space agencies. They’re launching satellites, space-station supplies, even a Tesla. Soon, if everything goes well, they’ll even be launching NASA astronauts. And Bezos is the richest of them all. With a net worth of $156 billion, he’s the wealthiest person on the planet, and—considering we haven’t found anyone else out there—possibly the universe. Read: Los Angeles, America’s future spaceport His immense wealth often prompts questions about how he chooses to spend it, and Bezos hinted at the criticism on Thursday. “There are immediate problems, things that we have to work on … I’m talking about poverty, hunger, homelessness, pollution, overfishing in the oceans,” he said. “But there are also long-range problems, and we need to work on those too.” Blue Origin was founded before SpaceX, and before Virgin Galactic, another company run by a rich guy, Richard Branson, who wants to send paying customers to the space right above Earth. And yet Thursday’s event felt like something of a debut. The company went all out. The entire ballroom was awash in blue light. The walls were draped in black fabric dotted with LED lights that mimicked the cosmos as they twinkled. Tall blue fixtures that could best be described as oversize glow sticks surrounded the seating area. The playlist featured only space-themed songs, such as Electric Light Orchestra’s “Mr. Blue Sky” and Styx’s “The Outpost.”
  11. HK10 - a bounce finally on Friday ! HK10 ... update : 10d / Last: $21.65 +0.20
  12. PREIT shorts cannot be happy PEI / Penn Reit ... update : 10d / Last: $7.45 x : 10d / Zacks Investment Research, Inc. upgrades PENNSYLVANIA REAL ESTATE INVESTMENT TRUST from STRONG SELL to HOLD. Investars Analyst Actions - private - 3:10 AM ET 05/08/2019 (getting MORE expensive to borrow - are these overnight rates?) Largest borrow rate increases among liquid names (TheFlyOnTheWall) BY The Fly — 8:45 AM ET 05/08/2019 Latest data shows the largest indicative borrow rate increases among liquid option names include: Coty (COTY) 2.52% +2.00, New Age Beverages (NBEV) 77.71% +0.86, SPDR Gold Trust (GLD) 0.37% +0.11, Direxion S&P Biotech Bear 3X (LABD) 10.18% +0.10, Silica Holdings (SLCA) 0.49% +0.08, ABB (ABB) 2.11% +0.07, Pennsylvania REIT (PEI) 1.88% +0.06, Canadian Pacific (CP) 0.31% +0.04, Direxion Oil & Gas 3x Bull ETF (GUSH) 6.36% +0.02, and Lannett (LCI) 2.05% +0.01.
  13. Can also find price relationships met at today;s close ... update : $3.14 The catapult may be set to launch it
  14. CHARTWISE - I might considering buying FRES at these levels. But since it is not marginable (thru my broker), I hesitate FRES.L ... update : GBP 734.20
  15. PEI has Popped Up on strong earnings PEI / Penn Reit ... 10d / Last: 7.34-0.34, -4.43% Yield: 11.44% Volume: 2,688,292 "2019 is a Breakthrough Year for PREIT" Q1-2019 : Earnings Call : Logged-in : PREIT Reports First Quarter 2019 Results Core Mall Sales Per Square Foot reached record high of $517. Completed $43 million in asset sales and improved liquidity position by over $70 million CoreMall Occupancy increased100 bps to 94.7% Full Year FFO as adjusted guidance reaffirmed Philadelphia, PA, May 2, 2019– PREIT (NYSE: PEI) today reported results for the quarter ended March31, 2019. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located in the tables accompanying this release. Quarter EndedMarch31, (per share amounts) ———————————————: 2019 : 2018 : Net loss -basic and diluted : $(0.30): $(0.14) FFO $0.17 : $0.29 : FFO, as adjusted $0.26 : $0.29 FFO from assets sold in 2018. : — : $(0.01) FFO, as adjusted for assets sold: $0.26 : $0.28 Same Store NOI, both including and excluding lease termination revenue, was up 2.2% for the quarter compared to March 31, 2018. o Same Store NOI, excluding lease termination revenue,in PREIT’s wholly-owned portfolio was up 3.2% compared to March 31, 2018. Lower revenues from tenants that filed for bankruptcy protection in 2018and 2019reduced first quarter 2019Same Store NOI by $0.5million compared to last year’s first quarter.The impact of co-tenancy adjustments on same store NOI was not material. NOI-weighted sales at our core malls increased to $531 per square foot. Core Mall sales per square foot reached $517, a 2.8% increaseover the prior yearand a sequential increase of 1.4%. Average comparable sales per square foot increased 4.2% in PREIT’s top 6 properties to $621.Core Mall total occupancy was 94.7%, a 100 bps increase over March 31, 2018. Leased space continues to exceed 95%, when factoring in 613,000 square feet of executed new leases slated for future occupancy. . . . Year-to-date, the Company has completed asset sales generating cash proceeds of $43 million and improved its liquidity position by over $70 million.The Company has no material debt maturities until 2021." As catalystprojects are set to come online this Falland we progress on our densification initiatives,PREIT continues to lead the way in redefining the mall experience with results that validate our strategy,” said Joseph F. Coradino, Chairman and Chief Executive Officerof PREIT.“With sales per square foot approachingthe next milestone of $550, no unleased anchor space in our core mall portfolioandprogress on delivering over 5,000 apartment units, our portfolio is attractive to tenants and reflective ofthe future of our industry. Wecontinue to place a strong emphasis ondelivering new and differentiated customer experiences to our malls and have a strategy to generate proceeds to recapitalize the Company for sustainable growth in the future.” In April 2019, we closed on the sale of the Whole Foods parcel located at Exton Square Mall for $22.1 million. In April 2019, we sold an undeveloped land parcel located in New Garden Township, Pennsylvania, for total consideration of $11.0 million consisting of $8.25million in cash and $2.75million of preferred stock. Financing Activity. In March 2018, we repaid a $58.5 million mortgage loan including accrued interest, secured by Capital City Mall in Camp Hill,Pennsylvania using funds from our 2013 Revolving Facility and the balance from available working capital. We recorded aloss on debt extinguishmentof $4.8million in March 2019 in connection with this repayment.The addition of Capital City Malltoour unencumberedpoolis expected togenerate approximately $40million in incremental capacity under our Revolving Facility. Leasing and Redevelopment Excluding Fashion District Philadelphia, 613,000 square feet of leases are signed for future openings. This is comprised of 494,000 square feet of space expected to open in 2019 contributing annual gross rent of $10.4million and 119,000 square feet opening in 2020 contributing annual gross rent of $2.3 million. At Fashion District Philadelphia, leases for over 85% of the leasable areaare signed or are in active negotiation. Noteworthy commitments joining Century 21and Burlington include H&M,Nike,Forever 21, AMC Theaters,Round One, City Winery, Ulta,Columbia Sportswearand Guess Factory. The first wave of tenants is expected to open in September 2019. ==== "We have Resident property land worth $150M that is non-performing as retail space. This could recapitalize the company." / BkVal: $7.03 per sh Shs OS ( 77.4M) x $7.34 = Mkt Cap: $ 582.8M > per Yahoo Finance Compare with..................... Debt OS: $ 1.7 Bn
  16. SPROTT on Pause? RE:More from Sprott The filings including 7 May shows Mr. Sprott owning 19.985% of CS outstanding. There appears a reason he held at this level up to this point. Best to all in your upcoming Wallbridge decisions. / 2 / I don't see what the problem is here. Yes the magic number is 20%. But all that buys you is every other transaction has to be voted on. Read more at https://stockhouse.com/companies/bullboard#8C9qe8Dg78JHIQPb.99
  17. MAKATI HUBS may be connected someday with a Covered Walkway (Will copy this here too): I believe so... eventually. Both Air & Rise will want that for their malls. But that may come after the Ayala buildings between City Gate and AXA Tower are rebuilt Here's the plan there Some agents have also been saying the walkway will eventually be extended down Guy Puyat to 100 West and Dela Rosa station. If true, that may be a real game changer for the TechZone area, that I call "Little China"
  18. A: I believe so... eventually. MAKATI HUBS may be connected someday with a Covered Walkway Both Air & Rise will want that for their malls. But that may come after the Ayala buildings between City Gate and AXA Tower are rebuilt Above shows the area around City Gate. Below is a map of attractions near The Rise: Some agents have also been saying the walkway will eventually be extended down Guy Puyat to 100 West and Dela Rosa station. If true, that may be a real game changer for the TechZone area, that I call "Little China"
  19. YOU NEED TO LISTEN to this, Kyle Bass thinks Hong Kong is in real trouble now : HK has spent 80% of its Rainy Day fund, defending its (over-valued currency) J. Kyle Bass's Speech at CPDC Conference 4/25/19 ==
  20. ADDED more HK10 today - @ HK$22.05, near Day's Low HK10 -etc ... update : Tuesdays Prices, about 11am: HK10 : $22.15 : unch., - 0.00% : 5.51%, 5.71 Hk101 : $17.66 : +0.16, +0.91% : 6.57%, 9.87 #2823: $14.40 : +0.06, +042% : 0.86%, N/A 10/101: R-1.254 /2823 : R-1.538
  21. SOXX Dropped - have we got a possible SOXX Top in place yet? Time will tell. But the drop yesterday was on China-News related SOXX - +etc ... 10d : +etc/10d : Compare Moves: SOXX : 210.07 - 3.48, - 1.63% SPY - : 292.82 - 1.21, - 0.41% IWM -: 160.71 + 0.18, +0.11% TZA -: $ 8.48 - 0.03, - 0.35% FAZ -: $ 7.92 +0.09, +1.15% SOXX- etc ... update : Viewing the chart below, I think at least one more rally is likely SOXX- three years ==
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