Unit price has fallen 47% since 2/28, much worse than peers Trading at a 53% discount to its IFRS Net Asset Value (C$21.80) and 8 X 2020 AFFO (C$1.30) which has been temporarily depressed by COVID Diversified business model is unpopular with investors, but heavy COVID impact on retail assets has been balanced by stable … Continue reading H&R REIT: Keep Calm And Call HR
Artis 8/10 unit price is a 45% discount to IFRS Net Asset Value of C$15.40/unit Artis trades at 6X 2020 FFO, well below the 12X average for all Canadian REITs Artis price has underperformed the sector since 2/28 despite a favorable business mix and strong rent collections The company’s Strategic Review concluded without a transaction, … Continue reading Artis REIT: Not For Sale, But Not Forsaken
Currently has $3.48/ADS in net Cash + Short-Term Investments August closing of the second stage of the Yidian sale will bring an additional $2.12/ADS A special dividend is likely (possibly similar to the $1.35/ADS paid in 2019) Group Chairman recently purchased shares of Phoenix New Media's parent company Phoenix New Media (FENG) closed the first … Continue reading Phoenix New Media: China Market Rally Increases Likelihood Of a 2020 Special Dividend
Sohu will receive $1,179mm in cash ($30/SOHU) from Tencent's privatization of Sogou, their jointly controlled search and AI business (LINK). Sohu's Changyou gaming business could easily demonstrate value of $57/SOHU through a 2021 listing in Hong Kong or China. Sohu's media business (news and video) continues to lose money and along with corporate overhead may … Continue reading Sohu will get $30/share from Sogou and Changyou is worth even more
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