UK Markets open in 7 hrs 46 mins

Lument Finance Trust, Inc. (LFT-PA)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
25.97-0.00 (-0.00%)
At close: 11:10AM EST
Sign in to post a message.
  • D
    David
    @ madeline... also if its paid from the proceeds, it's not a good thing. Return of assets from doing that creates dilution. Those funds need to be invested or an exit will happen and share prices will drop...significantly
  • d
    david
    @rich....no real insights, but it looks like about a 10% discount if you exercise your rights. if you sell the rights, it looks like an extra div on paper, but i don't think there will be any real dilution, they have been pretty good with their money. i do look forward to the increased shares out there, that should contribute to a larger market cap once the deployed cash gets spent and added interest in the equity. It will take some time but its price will recover from where it is now. its down on fear factor on the RO. Read the prospectus...lots of management and institutions will be adding. Just my opinion, do your own research
  • R
    R2B
    Anyone notice that this stock was trading about 15,000 shares daily and now trades at over 350,000, while pushing down its price? Often this occurs so traders will dump their stock in preparation for a jump in price.
  • d
    david
    Very interesting. The rights price on market watch is now 19 cents....and the still have not distributed them. It appears they are in fact slow walking the distribution for a better share price. They do have until 2/11 to close the window.

    With the rights price increasing would imply that the "privileged ones" that are allowed to trade pre-distribution are driving the price up, it also implies that share prices would move up making the RO more palatable, however, the share price still has to beat the spread in order for investors to participate.

    Has anyone received their rights yet?
    And does anyone have the volume weighted average price computed?
  • Y
    Yahoo Finance Insights
    Lument Finance Trust is down 5.43% to 3.48
  • M
    Madelaine
    There's a floor price for the rights. I suspect that the investor and management will be happy to load up, even if it's no particularly attractive at current prices. of course I'm assuming they'll maintain the divi, even if it gets paid out of rights proceeds. Not sure why I haven't received my rights yet.
  • D
    David
    at these prices exercising the rights are hardly palatable. I think they should/will cancel or suspend the RO. I think that's why there seems to be a delay in distributing the rights. just my opinion
  • Y
    Yahoo Finance Insights
    Lument Finance Trust is up 7.16% to 3.74
  • d
    david
    @ Hunter....so what's your take on the big price drop and the RO?
  • R
    Rich
    Does anyone have insight into the rights offering? Believe there is potentially 60% dilution - that is a huge number. Stock is down but hasn't cratered...
  • D
    David
    @madeline... at the lower current share price the rights are near worthless as one could simply add at market prices. Also the discount is nearly non existant making exercising the rights not being able to increase interest in the equity nor add to the coffers by selling the new shares above discount...making the RO non beneficial to them as well as current holders. It would be prudent for them to suspend or cancel the RO. I suspect that is what is in progress is why we have not recieved them yet. But interesting enough, is the rights can be found trading on market watch. I'm disappointed that we lowly investors are not allowed to participate.
  • d
    david
    @R2B...LFT is about to do a Rights offering (RO).
  • Y
    Yahoo Finance Insights
    Lument Finance Trust is up 4.99% to 3.94
  • Y
    Yahoo Finance Insights
    Lument Finance Trust is down 6.96% to 3.21
  • S
    Sonex
    Excellent! I can look forward to another div after 30 Dec.
  • Y
    Yahoo Finance Insights
    Lument Finance Trust reached an all time high at 26.19
  • H
    Hunter
    Just like 12 weeks ago! Bought more and holding strong with the dividend!
  • Y
    Yahoo Finance Insights
    Lument Finance Trust reached an all time high at 27.42
  • s
    steven
    My company has done $100M of business with LFT in the past 18 months. They are by far the best in the business. They are the only bridge lender that has any dollars left to lend on…everyone is tapped out and losing on out on big transactions. Very bullish on LFT
  • Y
    Yahoo Finance Insights
    Lument Finance Trust is up 5.88% to 27.00