Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'll bet you've nailed it, too. Wish I had powder. Also, it goes ex-D tomorrow so buyers could really do well here.
With you on that. i think the drop is probably from a computer algorithm that sees the word offering and probably hits the sell, which is fine by me as i would like to buy my DRIP sub 14.00
One of the most baffling and disappointing things I frequently see in market dealings is exactly what we're now seeing with LADR:
Shares are being beaten down by nearly 3% in after hours trading.
Why? Because there's a secondary that was just announced.
However, only stupidity will explain the drop from favor among investors. Usually, a secondary spells dilution but in this instance the money isn't going to LADR at all! It's going to long-time investors. It will not be a move destined to be beneficial to the company other than for the fact that stronger "partners" may take fresh positions.
If I had dry powder, I'd be a buyer right this minute. Should the price drop even more convincingly in early trading on the morrow, I'll borrow via margin. This is a fantastic company doing great things and I refuse to just sit and watch. I discovered the company more than a year ago and have done very well so far. I am of the belief that we have just begun to see the good times roll in.
Thanks jugs, I see them continuing to reward shareholders with the fruits of their management.
I think it will be around the same time frame as the January combination of D increase and free shares.
I was surprised by the free shares part, but those now remind me to watch for an opportunity to round the position up to a total of 1500 by adding 90. The high yield here warrants adding imo they will continue to perform well. From the CC:
LADR has posted some good numbers today. It's now trading in after hours at $14.40 for an AH gain of 23 cents.
That's surprisingly strong for us in after hours trading. Volume is just a few thousand but it's noteworthy, nevertheless.
I've got 1,1779 shares with a cost basis of $10.51 so I'm pleased.
And I'm thinking along lines expressed shortly before the end of 2016 by our very own pete807 who wondered if there might not be a special distribution forthcoming. I think he may have been on the right track as I could believe we'll see something of the sort develop in coming months.
I guess all brokers are not on that same page.... Schwab was slow but late last night I see they followed the declared mix I explained from the PR. Total adds to .46 exactly.... $140 of that cash went instead to 10 new shares... OK.
I am buying more from their client Walgreens too! They are very competitive and promote stuff I can use.
My account followed what the PR said exactly... There are 10 new shares and the rest in cash.
1 year here now complete and holding. Ahead about 25% adding 10% yield to 15% appreciation.
GLTA!
Me, too! And as I made no election for cash, I received both new shares plus cash.
Very nice to see these transactions entered into my accounts.
got 94 additional shares. sweet.
There's something wrong in your numbers as LADR is very definite in stating the total award comes to 46¢/unit. Also, instructions sent to the brokerages stipulate that unless an all cash arrangement is requested, only shares will be offered. I made no requests yet received only cash thus far. However, there may be some shares yet to show up, I just realized. DRIP-driven distributions can take several days to show up. I guess the same sort of timeline may be in order.
All shares had to be requested in writing I believe as I called Schwab and no election letter was sent. Even the all cash request gave you about 10 cents worth of LADR stock as the PR today states. .007577 shares. Assuming 3 day average used $14 pps (finished at 13.90) that is .106078 or a little over a dime. The rest of the cash is .353435. Schwab won't show until tomorrow in my account.
Even though Schwab said it would be cash, because I do not auto re-invest dividends, the PR says the formula above. I linked it in an earlier post and it appears on the news for the board.
I got my LADR distributions across three portfolios as promised except for one thing---
My understanding is/was that unless the unit holder requested cash, monies would be granted in the form of new units. This did not happen, however and I made no preference known.
Ladder Capital Corp Announces Payment of Fourth Quarter 2016 Dividend to Holders of Class A Common Stock
http://ih.advfn.com/p.php?pid=nmona&article=73684090
Maybe dividend reinvestment going on today... God save the Queen!
Thanks for the heads-up. I'd forgotten. Mine hasn't yet shown up but probably will by day's end.
Doubt it... you answered that with comment about not sinking to low level of detractors.
Begs the question in my mind---did our POTUS-to-be deliberately permit the connection to be made as a favor payback of some sort?
Some commercial REITs are naturally more risky as business has been smashed by regs and they fail left and right. I think LADR is as some SA authors say "misunderstood". We know a bit more since their POTUS client info was released. That could benefit the pps if they are perceived in a new way somehow solid because they are a player behind the successful ... Maybe that's a stretch but what do us lowly investors really know is going on in the board room, or in the government for that matter. Less than we think we know I would wager.
LADR is frustrating to many as it's not a simple thru-&-thru REIT. At times they appear to serve much like an ordinary bank, loaning money that's not securitized in only expected ways. There seems to be room for their being able to move freely, something I don't fully understand, myself.
Perhaps the two of us can really discombobulate the scene!
Meanwhile, LADR is one of Trump's top two go-to's when it comes to doing deals involving moving a lot of money. That makes LADR very interesting in my opinion, explaining my primary reason for adding as we closed in on the last week of 2016 trading.
I'm a momentum guy and any professional connection to Mr. Trump is going to heighten interest. And where there's sparks and plenty of headwinds.......
I didn't know LADR is connected to Trumps business line of credit. He is a smart businessman... I like the yield and the assets so I will hold while we see how rising interest moves the REITs. We have a Walgreens here that looks exactly like the photo I added to the Ibox. Probably should watch for the next fed meeting and 1/4 pt hike (if) expected.
Still ahead at the moment on the two I hold. Glad I got $109 for the one I sold, it is now below $80 and they changed their name and ticker in the middle of 2016. Finally found them but don't know what transpired without more research. They are still into self storage...
It is very important that we attempt to wrest free of older opinions and the like as we enter this new trading year. Success may well hinge on our ability to throw off earlier perceptions, some of which represent compilations of a mix of opinions from others along with misunderstandings and poorly conceived reportage due to media manipulation.
I'll bee doing my best to work with others here as we try our best to see everything with clarity. I look forward to sharing with Pete and cat and ICHW as we develop our perspectives and design courses of action.
Tomorrow!
$LADR was then downgraded today by BAML
LADR was upgraded to outperform...
but who is the analyst? Keefe Bruyette... so no big bounce ;o)
http://finance.yahoo.com/q/ud?bypass=true&s=LADR<r=1
I made $38 on my new 200 shares.
So I'm not suffering. And I added because I'm absolutely convinced we are going to do very well here. We already have and this latest garbage cements the next leg of a journey easily explained by those with some meaningful experience.
Well they ran for the exits at the close... I watched the L2 indicate they fell over each other selling, it was moving very fast like at the open and they took it down a few cents. Drunken Day Traders just paid for lunch...!
Volume during recorded market hours today 7.545 million shares.
To our broker friends in NYC:
B-U-R-P!!!!!
The announce pricing of 10 mm shares in the PR from LADR is $13.60.
http://ih.advfn.com/p.php?pid=nmona&article=73083089&symbol=LADR
So Wall Street seems to be locked to a price of $14.00 plus or minus .01 for the last couple hours (during that infamous Wall St 2 hr drunken lunch jugs refers to, lol). It bakes in most of the coming dividend. Todays open was 13.68 and briefly hit 13.67.
crawling higher as lunch is over...
GLTA!
Do they ever buy back shares? Probably not today but who knows. Seems like they would be wise to use a few of these cheap shares to pay that stock option in a month? However... The company surely has head room between A/S and O/S so a little dilution is not a problem and baked into the plan I suspect....
Insiders already own 70.5 mm of the 109.6 mm shares in the float. Yield is up with the increase in dividend to 1.20 from the 17.2% listed when they paid 1.10 (not including special D's).
Eyes should be on this prize imo.
There are likely many other options to explore with a new president coming that happens to be a very successful top client. They have a new pipeline to the most powerful human on the planet come January. Their conference call is going to be on my calendar for sure, it will be good to tap their general tone in light of changes coming in the RE market and REIT world as interest rates rise. I never understood the negative interest in Europe... My bank pays a whopping .1% , couple pennies a month :0(
Yep! And now you know why I added despite having to utilize margin.
$LADR
- financing non-dilutive
- seller is a 2006 PE fund in almost 10 yrs
- largest holder hasn't sold 1 share
- recently raised dividend
I'm so glad you saw what has been going on with this particular pick. The 400 is a strong buy. Good for you!
ALDW, NGL, LADR, HDYN---all are doing so nicely at the moment, I'm feeling somewhat safe. Hard not to....right?
I bought 400 this morning. So am I deplorable? Yup! Doubled my original bid on the juicy looking screen with numbers flying by on L2. New CB after commission is 11.39. I may not be done yet with this low hanging fruit!
OK, call me crazy---even I do that! lol
After re-reading my previous post I decided I'd be a fool to sell out to fear when I know for a fact that Ladder Capital is doing just fine. So how or why would I walk in the other direction?
I just bought 200 shares in premarket trading at $13.77. Back the 46 cent distribution concluding later this month and my true buy price is $13.31. That tastes pretty good to me.
So my position now stands at:
1,854 shares with a cost basis of $10.95.
While I'm really out of powder, if early trading in the regular session shows even greater weakness, I'll move on conviction aka margin. This could be easy money and I love going to the races common to the stock market.
I'm not sure I understand the timing of things going on with the company. Very odd, indeed, I'm sure most here will agree.
One item I haven't seen brought up anywhere is that LADR is Trump's second most important financing partner. I can only wonder if there isn't some liberal-minded backlash at work? Can people really view themselves as deserving of heavenly granted entitlements that they'd resort to feeble attempts to hurt our President-elect?
I think there's a lot of loonies out there. I doubt they will ever learn.
So, that said, shares are down at this premarket moment but I'm betting they will revive somewhat before the day is done.
I am sorely tempted to add but free cash is too low to realistically support such a move. But I'm thinking about it. lol
Agree, this will be a non-event. It'd be quite different if it were the usual secondary but it is not. Moreover, the company is not going to be richer as no money comes in from the ownership exchange. We will drop early on but regain later, I believe.
Gonna be an uncomfortable day tomorrow. However, i dont think there is any dilution for shareholders, just a large Private equity holder from 2006 looking to cash in. maybe the find is closing and liquidating the investments. TowerBrook Investors II
Unlocking The Secrets Behind Donald Trump's Primary Lender
http://seekingalpha.com/article/4028151-unlocking-secrets-behind-donald-trumps-primary-lender
Definitely on the cusp of becoming more interesting
Let's have a bidding war!
Exploring a sale?
http://seekingalpha.com/news/3228339-ladder-capital-exploring-sale-reuters
they stated recently in the CC that they plan to remain independent. wonder what has changed.
But they are free, those 23 units. The regular dividend going forward is now .30, not .275
The extra stock on my 1000 shares is $160 worth free so only about 15 shares for me...
(Reits are not MLPs so they are shares.... trusts are different than partnerships.)
I will take whatever seems right at the time.. because in the meantime I will be adding... not free shares.
Your cb gets better thanks to free stuff!
But, but, but....
What does it all mean when you hold only 23 units?
Back of the napkin computation---assuming a unit value of $15 and I hold 1650 units, it looks like I'll gain 18 new units plus the usual 27 cent cash distribution. Not a lot but I'll take it anyhow.
They have a lot of extra headroom. Too bad they didn't stretch for the limousine style we'd hoped for but we don't know what management has in mind. Could be organic growth as in acquisitions, might be unit buy-backs...could even be a special gift to Pete who was entertaining fantasies of fantastic Q4 rebalancing. The evil "Jugs" said 807 may just be sipping from the wrong decanter.
Well, I think it's turned into a standoff of sorts with a compromise. Not a major realignment but it's at least something more than we had any business expecting. Judging from the tone of the clip, it looks to me like there may be a combination of changes in the wings, all of which designed to enhance unitholder value.
I'm sure we're all good with that. And, for the record, the just-announced yield comes out to about 8.5% based on yesterday's close of $14.28. For a company as successful as this, I've decided to go for all shares as opposed to the paycheck. Over the years I've found that a few bucks awarded here and there doesn't mean much a few months later whereas I often smile, seeing what had been a formerly modest position then, now represents a contributing limb on my investment tree.
The moral of the story: Sometimes those windfalls fall whereas owning more of a very promising company you know and understand and APPRECIATE can come to mean a whole lot more.
Each of us must decide for him/herself.
Enjoy!
Soon is now!
From the last $LADR CC
Jessica Levi-Ribner
One big one from me, just looking back at your core earnings for the last few quarters -- and you mentioned it during the call -- you're easily out-earning your dividend. How do we think about that going forward, especially considering the opportunities that you're facing which seems to be pretty robust, in a market that's gotten, like you just said Brian, a lot easier?
Brian Harris
Well, clearly we're out-earning it at this point and that's by design, if you remember the way that we set up the Company and how we handle our dividend policy. Obviously with a quarter like this, if you multiplied it by four with $110-million payout, there's obviously a lot of room between the payout versus what we could pay out. So we're revisiting our dividend policy, as we always do around the fourth quarter. So yes, we're looking at it and we'll be making some determinations, I think, as we go into the fourth quarter as to how we're going to handle it. But we clearly have some room.
Hard to predict what they will pay as jugs pointed out that last year was the first year they were in the current structure. I think another way to look at this is simply compare the two year's third quarters. So here goes:
In 2015 they showed .06 Q3 earnings, but core earnings of .40 for the quarter, missed by .10 on a .50 estimate and paid the special $1.45...? Maybe it was the structure change and is a one off. The quarter was announced on November 4th that year. The declared payout date was a yer ago today.... DEC 1, 2015
We should hear something soon...
This year they reported .44 for Q3 but is was a beat instead of a miss on the estimate. Core earnings were again .40.
Regardless of what they pay I like this solid REIT and will hold and grow the position.
A special dividend would reaffirm the REIT model in a positive way. Paying down the debt with the extra cash or some other accounting measure, cap ex plan would be somewhat less exciting to the market and be largely ignored, imo.
We shall see how the management is thinking but they are proving to be a fine investment :o)
As happy as i am with this run. $LADR is majorly overbought. needs to rest.
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
191
|
Created
|
06/17/15
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |