skhatri Posted June 12, 2015 Share Posted June 12, 2015 A member of our investment network posted this and it has met with great response. [REDACTED] Link to comment Share on other sites More sharing options...
jawn619 Posted June 12, 2015 Share Posted June 12, 2015 Stocks are partial ownership in businesses, not pieces of paper that can be that can be traded 99 shares at a time for 294% annualized returns. ;) Link to comment Share on other sites More sharing options...
siddharth18 Posted June 13, 2015 Share Posted June 13, 2015 What is the point of this thread? Link to comment Share on other sites More sharing options...
wachtwoord Posted June 13, 2015 Share Posted June 13, 2015 Stocks are partial ownership in businesses, not pieces of paper that can be that can be traded 99 shares at a time for 294% annualized returns Both are true. I am taking part in this tender offer :) Link to comment Share on other sites More sharing options...
Okta Posted June 14, 2015 Share Posted June 14, 2015 http://www.snl.com/IRWebLinkX/file.aspx?IID=4307540&FID=1001198598 GNL looks cheap at $9.0 per share: $0.71 distribution $10.50 tender price up to $125mm (mcap 1.61b) http://finance.yahoo.com/q?s=GNL $0.82 their estimated AFFO for 2015 with aquisitions and successful tender offer Link to comment Share on other sites More sharing options...
Guest notorious546 Posted June 15, 2015 Share Posted June 15, 2015 this might be a silly question. but how do you ensure you can take a part of the tender offer? what exactly is the process to tender your shares? Link to comment Share on other sites More sharing options...
siddharth18 Posted June 16, 2015 Share Posted June 16, 2015 What is the point of this thread? I don't understand why people on this board take a holier than thou attitude towards odd lot tenders. Sorry I just couldn't understand OP's post when he said: A member of our investment network posted this and it has met with great response. [REDACTED] Link to comment Share on other sites More sharing options...
innerscorecard Posted June 16, 2015 Share Posted June 16, 2015 I can't believe there was hostility towards this. Odd lot tenders (properly evaluated for risk and credibility) are literally picking up dollars for X cents. Link to comment Share on other sites More sharing options...
Hielko Posted June 16, 2015 Share Posted June 16, 2015 I can't believe there was hostility towards this. Odd lot tenders (properly evaluated for risk and credibility) are literally picking up dollars for X cents. I guess someone needs to spell it out then: the more people write/talk/participate in odd lot tender the more tenders are cancelled or launched without odd lot provision. First rule of fight club: You don't talk about fight club, second rule of... Link to comment Share on other sites More sharing options...
jawn619 Posted June 16, 2015 Share Posted June 16, 2015 I can't believe there was hostility towards this. Odd lot tenders (properly evaluated for risk and credibility) are literally picking up dollars for X cents. I guess someone needs to spell it out then: the more people write/talk/participate in odd lot tender the more tenders are cancelled or launched without odd lot provision. First rule of fight club: You don't talk about fight club, second rule of... I think that's a scarce way to think about investing and life in general. I used to work at a trading firm where some people viewed markets and zero sum and were tight lipped about their ideas. From my personal experience, not only have I found that to be untrue, I found the opposite to be true. Share every great idea you have immediately, as you are likely to learn more and be rewarded more. Most of us are far from being Bill Ackman, where disclosing an interest in a position would push the price away from you. Keep em coming OP, I don't think it's above me to try to make 250%+ returns on small sums of money. Link to comment Share on other sites More sharing options...
gfp Posted June 16, 2015 Share Posted June 16, 2015 I think the point is that odd lot tenders get cancelled when too many people buy 99 share positions. This is not a case where no harm is done by sharing on a widely read public forum. Sharing ideas is great. Sharing tiny ideas or tenders for only 6.6% of the share count have actual consequences on the investment working or not. RE: "I think that's a scarce way to think about investing and life in general. I used to work at a trading firm where some people viewed markets and zero sum and were tight lipped about their ideas. From my personal experience, not only have I found that to be untrue, I found the opposite to be true. Share every great idea you have immediately, as you are likely to learn more and be rewarded more. Most of us are far from being Bill Ackman, where disclosing an interest in a position would push the price away from you. Keep em coming OP, I don't think it's above me to try to make 250%+ returns on small sums of money. " Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted June 16, 2015 Share Posted June 16, 2015 I think the point is that odd lot tenders get cancelled when too many people buy 99 share positions. This is not a case where no harm is done by sharing on a widely read public forum. Sharing ideas is great. Sharing tiny ideas or tenders for only 6.6% of the share count have actual consequences on the investment working or not. Isn't that part of the risk of being in deals like these? No different then "leaks" of a sensitive nature being reported in a newspaper you purchase (or read for free online). I agree it is the best interest of current investors of a tender to keep quiet (and keep others quiet), but I don't think those same folks are entitled to tell others what they can and cannot discuss. Other folks may be trying to build a track record/reputation of finding these types of deals and expect to profit more handsomely in the future from sharing the exact ideas that others would like to keep quiet. It's all part of being a part of a complex market... Link to comment Share on other sites More sharing options...
gfp Posted June 16, 2015 Share Posted June 16, 2015 "tell others what they can and cannot discuss" - I don't think anyone was doing that. I was just trying to point out why the original post might have been redacted. I don't think there was any hostility toward the idea or the sharer. Some folks just didn't seem to understand the rationale. It's only $166 after all. Link to comment Share on other sites More sharing options...
writser Posted June 16, 2015 Share Posted June 16, 2015 "tell others what they can and cannot discuss" - I don't think anyone was doing that. I was just trying to point out why the original post might have been redacted. I don't think there was any hostility toward the idea or the sharer. Some folks just didn't seem to understand the rationale. It's only $166 after all. Agreed. There's a difference between A) telling people what they can and cannot discuss and B) pointing out why it is stupid to discuss certain things in public. A lot of people are naive about these kind of opportunities and they don't understand that they are shooting themselves in their feet by sharing them. Link to comment Share on other sites More sharing options...
siddharth18 Posted June 17, 2015 Share Posted June 17, 2015 Didn't HKFI offer get killed because it was outed and apparently lots of people jumped on it? Anyway, no hostility was intended towards anyone - was genuinely curious why OP's post was redacted, that's all. Link to comment Share on other sites More sharing options...
walt373 Posted June 19, 2015 Share Posted June 19, 2015 There used to be a lot more of these, especially from CEFs trading at double digit discounts that would periodically (like twice a year on a set schedule) buy back shares for 98% of NAV. They were basically ATM machines. They don't do odd lot anymore because it got too popular, we kind of killed goose that laid golden eggs. Link to comment Share on other sites More sharing options...
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