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Bullboard - Stock Discussion Forum Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Genesis Land Development Corp is a Canada-based land developer and home builder. The company is engaged in the acquisition, development, and sale of land, residential lots and homes mainly in the greater Calgary area. The company has two business segments: Land development and Homebuilding. It earns the majority of its revenue from the home building segment.

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RE:Doubling down

Their   long  term  plan  is  to  buy  all  the  shares  as cheap  as   possible   but  they  are  in...read more

Doubling down

One of the difficulties with value plays - stocks that consistantly trade well below their worth - is convincing management that the shareholders are better off with cash than having the company...read more

Completion of 157-Acre Acquisition for $29.15 M TSX: GDC

CALGARY, AB, April 4, 2022 /CNW/ - Genesis Land Development Corp. (TSX: GDC), is pleased to report that it has completed its acquisition of 157 acres of future residential development...read more

RE:Tomorrow should be a good day

I hope it stays down for a little while so I can pick up some more. I really dont see a downside here. Maybe someone can point one out. With the people on board this thing, we arent being led by...read more

Tomorrow should be a good day

With earnings reported, the stock now trades at a P/E of roughly 10 and a P/B of less than .70. Momentum in the 4th quarter was good with earnings of 9 cents per share. Now to get some respect by the...read more

RE:RE:RE:Mr. and Mr. Mitchell

Potentially illegal. Definitely unfair.  rate and reply

RE:DanGood38

That   is  big   money   compared  to  buying   5  day   old   bread  at  half  price.   rate and reply

RE:RE:Mr. and Mr. Mitchell

in   others  they   used   the rights   issue   to massively  increase  their  percentage  ownership  at an absurdley...read more

DanGood38

Thanks for that info.     This GDC has terrible ROE in a fairly decent home market of late  in Calgary.        The land sales and margins are o.k.   ...read more

RE:RE:I'm confused

Garfield Mitchell is chairman of Smoothwater that controls most of GDC shares and also sits on the board of the Galen Weston Foundation. This is different than the Weston Family Foundation that...read more

RE:Mr. and Mr. Mitchell

As of December 20, 2021, 56,863,335 Common Shares are issued and outstanding, of which approximately 30.35 million Common Shares (approximately 53.3%) are beneficially owned by Smoothwater and...read more

RE:Urban Legend

Could  it  be  the  Mitchell  brothers  are  "chips off  the block" ?  rate and reply

Urban Legend

A former billionaire grocery  store  owner drives  his   13-17 year  old car  to  one  of  the stores  in the chain  he owns  , which...read more

Mr. and Mr. Mitchell

Still seem to be buying after the rights offering here at 2.16 to $2.26. I guess they are about 70% combined now.      rate and reply

RE:I'm confused

Which shareholder(s) and which foundation do you speak of?  rate and reply

I'm confused

Does anyone else find it strange that the controlling shareholder of a land development company also sits on the board of a foundation that states biodiversity as one if it's main objectives?  rate and reply

RE:Closing of $30 Million Rights Offering

AS   you   see   here  insiders  exercised   a much    higher   percentage   of   rights  than ...read more

RE:RE:Garfield Mitchell and Mark Mitchell

Their   preference   would   be    that   nobody   exercise  them   so   they   could  scoop...read more

Closing of $30 Million Rights Offering

/NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./ CALGARY, AB, ...read more

RE:Garfield Mitchell and Mark Mitchell

One probability is that they have been supporting the share price through their purchases in order to ensure that everyone exercises their rights. Now that the date for the rights is passed (17th...read more