
TSE:DIV
Thought it would do well a year ago. What happens now is there was a fight with Difference Capital and the management team bought a royalty on a restaurant chain out west. They placed 11 million shares and he thinks they will do very well. There was a lot of demand for the shares. They have a 10% yield, the stock is halted right now but when it is released it should do well.
Completed sale of a Quebec facility in the last week, which is what made them who they were. Sitting on cash. Looking at M&A opportunities. He owns over 10%. Looking for something positive. It is a great time for them. The question is what the board wants to do. You are speculating on what they do with the money.
Just made an announcement in May that their very 1st royalty stream they are going to invest in, is a restaurant chain Franwork Franchise out of Calgary. Right now it is only a revenue royalty stream off of some restaurants, but the plan is to roll it out into a multiple royalty stream. Currently trading at about 7.5% yield and is probably comparable to trade in the 6.5% range. Thinks there is some capital appreciation here, plus you are getting a nice dividend.