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标题: [放炮] NRF spinoff [打印本页]

作者: Trinity 时间: 2014-6-27 05:47 标题: NRF spinoff

NRF will have a spinoff NSAM (NRF to NRF and NSAM) and reverse split on June 30, 2014.

6/27/2014 (today) it begins to trade with three different ticker symbol:

NRF: trade pre reverse split with NSAM attached;

NRF WI: trade on a post reverse split basis without NSAM attached

NSAM WI: also trade post reverse split.

It might be a good chance to overweight NSAM... YMYD

作者: Trinity 时间: 2014-6-27 10:53

short NRF WI and long NSAM WI

作者: aimei 时间: 2014-6-27 12:29

回复 2# Trinity

cool
：071）

作者: Trinity 时间: 2014-6-27 16:31

回复 3# aimei

NSAM should have potential on the upside. In last Q, it was mentioned that they will buy back NSAM share if it traded lower.

If the thing works out, NSAM should trade higher PE than post spinoff NRF.

作者: Trinity 时间: 2014-6-27 16:40

回复 3# aimei

By the way, NRF dividend increased penny or more per Q for 10 Qs.

作者: aimei 时间: 2014-6-27 16:57

回复 5# Trinity

awsome

作者: Trinity 时间: 2014-6-29 11:47

(NRF WI + NSAM WI)/2 should equal to NRF. It seems that (NRF WI +NSAM WI)/2 > NRF now. Not sure why?

作者: Trinity 时间: 2014-7-1 11:05

chaos after the spin-off.
Fidelity still has not adjusted my old NRF.

作者: Trinity 时间: 2014-7-1 16:09

NSAM is up and NRF is down after spin-off.

It might be good to buy NRF if it goes down further as the next dividend payment would be doubled to the current Q (NRF needs to distribute >90% CAD).

YMYD

作者: aimei 时间: 2014-7-1 16:34

回复 9# Trinity
IC
Entry point
I watch NRF today, but no position

作者: Trinity 时间: 2014-7-1 16:55

回复 10# aimei

It is chaos today. In my IB account, NSAM WI was switched to NSAM and NRF WI was switched to NRF at the beginning of the day. however, my old NRF (pre-spin-off) was not adjusted until later today (NRF was labelled as NRF.old). The streaming is also having problems. It was even worst in my fidelity account. Hopefully, everything will be straight out tomorrow.

By the way, take a look "AAMC" which was also a spin-off a while ago.....

作者: Trinity 时间: 2014-7-3 10:48

IRT is also a spin-off in August 2013 from RAS and currently pay divident monthly.

作者: Trinity 时间: 2014-7-3 11:28

Within month, NRF should declare the next quarter dividend which will be doubled the amount of payment from last quarter. My wishful thinking, it would push the stock price up further.
YMYD

作者: Trinity 时间: 2014-7-7 10:00

本帖最后由 Trinity 于 2014-7-7 22:28 编辑

回复 12# Trinity

IRT gap up. Closed my position and wait for the next entry (hopefully IRT would increase divident next month).

作者: aimei 时间: 2014-7-7 10:27

回复 14# Trinity

恭喜发财

作者: Trinity 时间: 2014-7-7 22:27

The ex-dividend date for RAS is July 9 ($0.18) and the dividend increased about 1 cent per Q for 7 in a roll.
Hopefully, Russell rebalancing as well as removing non-REIT NSAM from REIT funds and ETFs is over now. Not sure when the next NRF common issuance will be. If it happens, it might push NRF down further but it should be good for NSAM.

YMYD

作者: Trinity 时间: 2014-7-8 12:09

NSAM looks good and it breaks the previous high! RAS and NRF is not bad considering the overall market!

作者: Trinity 时间: 2014-7-9 11:00

本帖最后由 Trinity 于 2014-7-9 11:52 编辑

I adjusted and hold equal weight for NRF and NSAM now. NorthStar Said in Talks for Griffin-American Healthcare but not sure whether they could reach an agreeement or not.
Either way, NRF would like to partially fund by issuring new common shares in near future to expand... It will benefit NSAM as it collects fee from NRF while NRF might be pushed down by the market. Eventually it will also good for NRF as CAD will be further increased if the low interest rate environment last longer.

YMYD

作者: aimei 时间: 2014-7-9 11:28

回复 18# Trinity

老大
你做股票研究好多亚，学习了
非常谢谢你

作者: Trinity 时间: 2014-7-9 15:04

回复 19# aimei

Please do not call me "老大". I am learning from you.

I was sick abot the whipsaw action on NRF and NSAM recently and decided to sit tightly with equal weight on both of them. Hopefully NRF will push above 17 soon.
The best is to push both up at the same time as I also hold a small position of Sept call (prior spin-off with basket of two).

作者: aimei 时间: 2014-7-9 18:44

回复 20# Trinity
great

作者: Trinity 时间: 2014-7-10 11:28

NRF is above 17. please push NSAM above 20 and stay above there!!

作者: Trinity 时间: 2014-7-14 13:52

I am not sure whether the sell-off for NSAM is due to no news from 'Talks for Griffin'. I closed my call last Friday though it might be closed too early. Added a little bit more NSAM.

YMYD

作者: aimei 时间: 2014-7-14 13:56

回复 23# Trinity

ｔｈａｎｋ

作者: Trinity 时间: 2014-7-14 15:47

I will sell the portion brought today if the price is near the previous close price (try to keep equal weight). Otherwise, I just do nothing.

作者: Trinity 时间: 2014-7-14 15:52

本帖最后由 Trinity 于 2014-7-14 15:53 编辑

I sold the portion at 19.90

作者: aimei 时间: 2014-7-14 16:50

回复 26# Trinity

thanks

作者: Trinity 时间: 2014-7-15 14:32

same daily pattern or something is different today?

作者: Trinity 时间: 2014-7-16 16:56

rate hiking might be sooner than later. I was glad to close my call last Friday and now closed my short term holding but still keep my long term position on both NRF and NSAM with DRIPs until the company lower the dividend payment in the future.
Thanks and I will close this post.

作者: Trinity 时间: 2014-7-16 23:18

回复 29# Trinity

Aimei, thank you for your support as this is my first or second stock mentioned on this board. My long term position obtained at the end of Oct 13 and never touch except auto DRIPs. So far it is better than the one I traded with short term though the past performance would never predict the future. Chart does not look that good now just as early April + the risk from potential rate hike...however, I will give a try to hold as long as I can until the company drops Q dividend. By the way, it might have another spinoff late next year though I am not that sure about this.
YMYD and thanks.

作者: aimei 时间: 2014-7-16 23:26

回复 30# Trinity

知道了
你好负责的人
好人
谢谢你
常常发贴，让我们收益亚

作者: oldhorse 时间: 2014-7-16 23:32

回复 Trinity

知道了
你好负责的人
好人
谢谢你
常常发贴，让我们收益亚
aimei 发表于 2014-7-16 23:26

yep, a very nice gentleman indeed.

作者: qzhou3 时间: 2014-7-17 01:01

回复 30# Trinity

Trinity, thanks!

作者: qzhou3 时间: 2014-7-17 01:03

yep, a very nice gentleman indeed.
oldhorse 发表于 2014-7-16 23:32

Ma Da Da,
Trinity is a girl I believe.

作者: oldhorse 时间: 2014-7-17 20:17

Ma Da Da,
Trinity is a girl I believe.
qzhou3 发表于 2014-7-17 01:03

you believe could not be more wrong.
he is certainly speaking in a man style,or she is a nv han zi.

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