Trusts($TRSTS)


Group Portfolio

-

Trusts($TRSTS) > Forum $TRSTS > opinions onTUI.UN? View modes: 
  • opinions onTUI.UN?

    - |
    User avatar
    3 stars

    Wasn't even on my radar screen until I started reading some of the CIBC reports from the past month. They have it pegged as a sector Outperformer citing its 23% discount to NAV and its 16% yield at a payout ratio of only 53%.

    Worth keeping an eye on?

    thanks.

    john
    ps great board by the way
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN?

    - |
    User avatar
    1 star

    You might want to visit the TUI board and review the past few days of comments from those who seem to keep a closer eye on this trust.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN?

    - |
    User avatar
    0 stars

    Has management changed? The short history of TUI.UN is well documented, over paying dividends, being force to cut dividend, then being forced by the investors to cancel switching back to a regular corp.
    Doesn't seem like there has been a lot of good moves.
    Yes, value wise it may look like a good deal, but I would prefer to put my money in a company with a better track recorded.

    I did own last year and was rewarded with it being my big lose.

    IMHO-I would use my ten foot pole to poke this one.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN?

    - |
    User avatar
    0 stars

    At current NG and Oil prices TUI.UN could have cashflow of about $2.25 in 2007. Making it remarkably cheap less then 3X C/F when the group average ranges around 5X for small cap and 6X larger cap energy trust. At 18000-20000 BOE and 3.5X C/F low end and 2.75X C/F higher end estimates and a 15%+ yield and a POR potentially below 50% it looks to be very cheap.
    I bought some after the vote around 5.85.

    Investing in True has been a bit like investing in Venezuela, you never know what to expect with Chavez and in True's case Paul Baay. If you can accept Baay's management (or lack thereof)rising NG and Oil prices may (notwithstanding Baay) turn True's fortunes around in 2007. We will see after the issue has completed at the end of this month how TUI.UN performs going forward this summer.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN?

    - |
    User avatar
    2.5 stars

    The management may be lacking when it comes to how to run a company, but they make up for it by a 98% success rate with the drillbit. With the higher NG prices coming and the lower distribution, I believe true will once again start growing. People will forgive the management if the money flows.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN?

    - |
    User avatar
    0 stars

    The market price of the related spin-off company T.VRO is doing just fine.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN? themangokid

    - |
    User avatar
    1 star

    I looked at it back in February and decided it was risky but worth a few units. Still holding 1000 of them with the intent to trade - or re-evaluate on a recovery. Read the CIBC articles too, and they confrimed what I had thought but still these beaten down ones can be spooky.
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility
  • RE: opinions onTUI.UN? thanks, everyone

    - |
    User avatar
    3 stars

    Thanks for your opinion, everyone. I appreciate it. I decided the yield and discount to NAV are worth a roll of the dice.

    Again, great board. Nice to do some reading on investments without anyone hyping, promoting or "guaranteeing" 100% profits. Ooooo online guarantees from promoters... about as sincere as me saying "no that dress doesn't make you look fat" or "Of course I'll still respect you in the morning".

    take care,

    john
    Rate this post
    0 stars
    v
    Usefulness

    Clarity

    Credibility


Group Administrator

book00