Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail... see more

Bullboard (TSX:MRC)

View:
1 2 3 4 5 6 7 8 9 10 11 12 Next
Comment by steavieon Feb 22, 2024 6:46pm

RE:Who benefits from the sale of hotels?

As per their 2023 results release today, they used it to pay down debt.
85
Discussion
Comment by Malpeque2on Feb 22, 2024 11:48am

RE:RE:Who benefits from the sale of hotels?

Hotels were 17 properties.   Carried on the books as at September 2023 for $341M.   The debt against the properties was $118M  so these hotels overall were relatively less ...more  
143
Discussion
Post by TrevorAbeson Jan 19, 2024 11:08am

Morguard offloads 14 hotels for $410 million

https://stockhouse.com/news/the-market-herald-news/2024/01/19/morguard-offloads-hotel-portfolio-for-$410-million
169
Comment by Northforce13on Jan 09, 2024 12:36pm

RE:Who benefits from the sale of hotels?

No... I think they sold the hotels because they are facing a big wall of debt maturities in 2024 that they have to refinance and they are freaking out over the interest rates being quoted.  ...more  
234
Discussion
Comment by babybunnyon Jan 09, 2024 12:23pm

RE:Who benefits from the sale of hotels?

I too would love to see MRC mop up the remaining shares of MRT.  They will have to pay up quite a bit if they want to tender for the whole thing all at once.  They are probably better off ...more  
222
Discussion
Comment by Possibleidiot01on Jan 09, 2024 12:11pm

RE:Who benefits from the sale of hotels?

Opens up many possibilities.
122
Discussion
Post by pierrelebelon Jan 08, 2024 11:01am

Who benefits from the sale of hotels?

I suspect MRC will use some of that $361,000,000 it receives from ther sale of those hotels and finally buy the units of MRT.UN it does not currently own - at a price well below book value. WIN - WIN ...more  
259
Discussion
Comment by Beabaggageon Jun 15, 2023 11:42am

RE:RE:RE:RE:MRC float has to be very small

well that pop faded..but I am a happy long term holder w basis around $76US, a 2% of portfolio position.. Sahi is buying MRT almost daily ..the thing about buybacks is finding the shares, guessing ...more  
440
Discussion
Comment by NotDrakeon Jun 14, 2023 10:59pm

RE:RE:RE:MRC float has to be very small

So this buyback that they did, they essentially spent around $1.93 NAV/share to gain around $5.63 NAV/share.  Would put them solidly at a $400 NAV excluding other factors (more writedowns to come ...more  
403
Discussion
Comment by Beabaggageon Apr 03, 2023 12:20pm

RE:RE:MRC float has to be very small

here we sit at the lows, I did add a little last week..they have been buying MRT shares almost daily in the open market; a block of MRC changed hands this AM maybe 37,500 shares, I would hope it is ...more  
270
Discussion
Comment by NotDrakeon Jan 23, 2023 2:29pm

RE:MRC float has to be very small

Long as well, and chipping away now and then at more shares.  Keep in mind this is long term, with the low liquidity the market maker will make it pretty much next to impossible to get out of ...more  
327
Discussion
Post by Beabaggageon Dec 20, 2022 12:41pm

MRC float has to be very small

of course the Sahi ownership and insiders, institutions...not sure what the catalyst is here but I kept adding on weakness in US sub $US80 and happy to continue to hold long term.  They are ...more  
578
Discussion
Comment by NotDrakeon Dec 19, 2022 5:43pm

RE:added more MRC today

Wow getting some volume.  Insider bought 5,000 shares last Friday.
173
Discussion
Comment by NotDrakeon Nov 30, 2022 1:19pm

RE:added more MRC today

Wow, market maker letting it get back to $114 just like that.  I assume 50/50 it doesn't last but nice to see some movement for a change (am way to overweight in MRC and a token $35k position ...more  
214
Discussion
Post by Beabaggageon Nov 29, 2022 4:27pm

added more MRC today

great value for a long term hold at this price..continuing to build position on this weakness.  Bea
224
Discussion
1 2 3 4 5 6 7 8 9 10 11 12 Next
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities