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Bullboard - Stock Discussion Forum MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments.... see more

Bullboard (TSX:MKP)

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Post by JayBankson May 12, 2021 9:22am

Has Anyone Received Their Rights Yet?

None have appeared in my Scotia Account yet... I'm currently on hold trying to get through to customer service... They started trading yesterday and 1 block of 500 were traded late afternoon..  ...more  
Comment by GoldenArmon May 11, 2021 2:44pm

RE:RE:RE:RE:RE:Q1 results

Good point, because 1000 rights gets you the right to 50 shares and if we can get more then the return is worth it. It did mention that some insiders are considering exercising some of their right but ...more  
Comment by JayBankson May 11, 2021 2:42pm

RE:RE:RE:RE:RE:Q1 results

Good info, I did read that but glossed over it... Does anyone know how do they decide to distribute those unexercised shares? I know in the normal market is based on timing of when your order ...more  
Comment by ChamBidon May 11, 2021 2:17pm

RE:RE:RE:RE:Q1 results

I think I also misread the news release on the Rights Offering initially. I believe the Rights will show up in our accounts tomorrow morning.  One thing to remind folks is that once we subscribe ...more  
Post by GoldenArmon May 11, 2021 12:29pm

Another great quarter

Karen is doing awesome since sh took over. Her team is performing better than I thought. Results better than 2019! Just to clarify quarterly results (I'm not in this to slam anyone like they ...more  
Comment by JayBankson May 11, 2021 9:49am

RE:RE:RE:Q1 results

So the EPS came in at 0.64 x 4 would be a pace for 2.56 over the year. Q1 2021 - 0.64 Q4 2020 - 0.89 Q3 2020 - 0.92 Q2 2020 - 0.32 Total TTM EPS = 2.77 Can I get a double check I'm ...more  
Comment by JayBankson May 07, 2021 7:40pm

RE:RE:RE:Q1 results

Keep in mind I believe the special they gave out last quarter we are pretty positive was dilutive to about 5% also I don't know if the 1 time item they referred to was part of the earnings number ...more  
Comment by wildrunner11on May 07, 2021 6:40pm

RE:RE:Q1 results

Well if they can get an eps close to last quarter. Then their TTM EPs goes from $1.75 to $3.00ish, if you can get a P/E of 8 that's could be a $24 share price. really curious, these share look to ...more  
Comment by JayBankson May 07, 2021 3:14pm

RE:Q1 results

"The Company will release its Q1 2021 earnings on May 11, 2021 and we invite you to join us at our virtual Annual and Special Meeting of Shareholders at 4:30 p.m. (Toronto time), also on May 11 ...more  
Post by wildrunner11on May 07, 2021 2:24pm

Q1 results

Does Mcan announce when they are releasing results? their Q1 should be out soon
Comment by Bibizbuzon May 06, 2021 7:56pm

RE:RE:RE:New Rights Offering

I agree with your assessment. It will be interesting next week because of the earnings and the general meeting. If the quarter and the year ended strongly, they may need to payout another special ...more  
Comment by JayBankson May 06, 2021 2:09pm

RE:RE:New Rights Offering

Yea I believe your right that the price dropped below that offer price previously a few times in the time I held held it and it may have as you said weeks after, but because of the dividends received ...more  
Comment by Bibizbuzon May 06, 2021 9:44am

RE:New Rights Offering

I recall taking advantage of the last rights offering that you referred to. However, I also remember the stock price dropping below the rights offering price of $10.70,  a few weeks later. It all ...more  
Post by JayBankson May 05, 2021 9:08am

New Rights Offering

So I've got quick thoughts and info on the just posted offering, based on my experience last time... The offering of shares is 15.65 the current price is 17.78 this means upon purchase of your ...more  
Comment by KC8on Apr 03, 2021 2:12am

RE:RE:RE:Payout day!

Mr. Banks - Thank you for your well written lengthy reply.  Much appreciated sir!  A tip of the cap to you on your success with this stock. In response to your question? - are the shares ...more  
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