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Bullboard - Stock Discussion Forum Melcor Developments Ltd. T.MRD

Alternate Symbol(s):  MODVF

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

The Market Herald Price Sensitive
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AGM Presentation

10,000 Acres of land , Development business hitting stride again , commercial showing some firmness and the Alberta Economy on the growth trajectory again . Some good things in here, https://www...read more

RE:Looming population boom

Those hundreds of acres of raw land around Edmonton are bound to fetch more than what Melcor paid for them decades ago.  Plenty of great years to look forward to.  rate and reply

Looming population boom

https://edmontonjournal.com/news/local-news/developers-eyeing-multifamily-projects-ahead-of-looming-edmonton-population-boom Affordability and employment . Whether it is generational or immigration...read more

RE:RE:RE:Melcor - Will this be going private ?

Good points.  For what my opinion is worth I agree with you.  There is a case to be made for private and there is a case to be made for public.  I beleive the company stays public...read more

RE:RE:Melcor - Will this be going private ?

Little chance of going private.  With NAV well north of $30 per share, it would take an offer over twice the current share price to gain approval from a majority of minority shareholders. ...read more

RE:Melcor - Will this be going private ?

That is a really good question!  rate and reply

Melcor - Will this be going private ?

This company has been buying back stock , recently had a dividend increase that it did not draw anyones attention to and the Housing Markets in Calgary , Edmonton and Kelowna are pretty hot. This...read more

RE:RE:Company Buybacks

Buybacks at 3700 shares daily almost,  like a vitamin.    Let's hope it trades sideways for a long long time.    rate and reply

RE:Company Buybacks

Two things are nice to see: (1) The daily repurchase limit is substantially higher, around 3700 shares vs around 1000 or so last year.  This will allow Melcor to buy back over 2% of outstanding...read more

Company Buybacks

Here are slow and steady as she goes.  rate and reply

RE:third quarter 2021 results

Glad that you're having a better year, but this is MR.UN, not MRD. Here is Melcor's actual press release: https://www.globenewswire.com/news-release/2021/11/09/2331009/0/en/Melcor...read more

third quarter 2021 results

EDMONTON, Alberta, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Highlights Rental revenue was steady at $18.09 million in the quarter, $55.55 million year-to-date; Net operating income (NOI) grew...read more

RE:RE:recent run up in price

I get the insider reports on TD webbroker site.  rate and reply

RE:RE:recent run up in price

A great site for insider info is: www.ceo.ca  rate and reply

RE:recent run up in price

As inflation trends above 4% investors tend to purchase less inflation sensitive asset such as Commodities, Real Estate, Real Assets etc.  Investor money has been slowly returning to Canada after...read more

RE:recent run up in price

The price increase is likely due to the recent announcement that the CEO is retiriing at the end of 2021. This is perceived as good news (price was $11.59 on the 19th of August and $15.12 today). When...read more

RE:recent run up in price

Which site do you use to track buybacks?  rate and reply

recent run up in price

There has been a big increase in SP this past week, the company continues to buy back 3700 shares per day. Must be running out of sellers.  rate and reply

second quarter results, declares quarterly dividend of $0.12

EDMONTON, Alberta, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second...read more

RE:Compelling NCIB / DIV

I own quite a few shares and am very familiar with the company and have corresponded with the investor relations person and attended annual meetings. I discussed share buybacks with them many times...read more