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Bullboard - Stock Discussion Forum Madison Pacific Properties Inc MDPCF


Primary Symbol: T.MPC Alternate Symbol(s):  T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately... see more

Bullboard (TSX:MPC)

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Comment by Malpeque2on Jul 21, 2022 8:50pm

RE:RE:RE:RE:Our partner is Polygon........

Undervalue:    The asian investor had control of the stock and control of the BOD.   Your guy was in their pocket,  the MP from BC.    He got "paid" some ...more  
Comment by undervalueon Jul 21, 2022 5:31pm

RE:RE:RE:Our partner is Polygon........

Re King George, we were screwed. The Canadian board did not have control. The real estate sales in Canada were totally wasted in Asia.  That said, I did not lose money, my cost was teen cents low ...more  
Comment by Malpeque2on Jul 19, 2022 6:51pm

RE:RE:Our partner is Polygon........

Undervalue:   I value your posts because you include all this market info that I would never find......BUT....don't forget about King George Financial.    History does not ...more  
Post by undervalueon Jul 19, 2022 3:54pm

Raw land value.

One of the issues with valuation, it is difficult to find comparables with raw land. This trade in West Ottawa shows that value of raw land in an OCP is real. In this case, over a million an acre ...more  
Comment by undervalueon Jul 18, 2022 1:51pm

RE:Our partner is Polygon........

Not sure. The Archer Green townhomes were built by the JV. The home builder Morningstar is associated with Polygon. Polygon specializes in density building. A significant part of the development is ...more  
Post by Malpeque2on Jul 16, 2022 6:27pm

Our partner is Polygon........

Undervalue.    Another question.   IF Polygon is a successfull builder,  building 30,000 homes and revenue over $1B a year.................WHY are we preselling these single ...more  
Comment by Malpeque2on Jul 16, 2022 6:16pm

RE:RE:RE:Undervalue...........A few Questions.

I agree with you,  it looks like for "free".    You trust these people running MPC they are not going to screw you on this 50/50 JV  LP deal? I see problems.    ...more  
Comment by undervalueon Jul 16, 2022 9:54am

RE:RE:Undervalue...........A few Questions.

One idea that may have occurred to get them to pay up to a million an acre. Obviously,  some land holders had the luck of good topography. Steeper slopes have to remain in a forested state. This ...more  
Comment by undervalueon Jul 15, 2022 6:17pm

RE:Undervalue...........A few Questions.

Partner is Polygon.  One of the largest builders in Vancouver.  Over 30,000 homes sold. Revenues of over a billion a year. Founder is donating 100 million to the Vancouver Art Gallery.  ...more  
Post by Malpeque2on Jul 15, 2022 4:30pm

Undervalue...........A few Questions.

This Silver Hills LP.    We own 50%.    Whom is our partner in this project?     A major real estate developer according to Madison. IF the partnership owns 1400 ...more  
Post by undervalueon Jul 15, 2022 11:51am

Miscellaneous

Another very good q. 27 cents, book well over 7. 60 cents for 9 months. The jv has produced over 8 million so far, 4 this q. Lots of closings coming up. So q4 should be decent. The int rate hedges ...more  
Comment by undervalueon Jul 12, 2022 2:56pm

RE:RE:Recent comp trade.

Madison is carrying values at much lower prices. I believe book is in the $300's. There is a significant margin of safety.
Post by undervalueon Jul 12, 2022 2:39pm

Colliers q2 Vancouver.

The Greater Vancouver Area (GVA) continues to see its amount of developable industrial land diminish. While Metro Vancouver’s most recent survey claimed there was 3,126 acres of developable industrial ...more