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Bullboard - Stock Discussion Forum Melcor Developments Ltd T.MRD

Alternate Symbol(s):  MODVF

Melcor Developments Ltd. is a Canada-based real estate development and asset management company. The Company develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company's divisions include Community Development, Property Development, Investment Properties, REIT and Recreational Property.... see more

Bullboard (TSX:MRD)

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Comment by babybunnyon Aug 23, 2023 12:02am

RE:RE:RE:Q2 out and the rest of the year look strong

Good to run into another like-minded investor, Marley66.  I find immense satisfaction knowing the Captain will be lashed to the mast should his ship slip beneath the waves.  I have nothing ...more  
Comment by Marley66on Aug 12, 2023 12:44pm

RE:RE:Q2 out and the rest of the year look strong

Well said Longrun generaly when a stock trade at 30% of book value mean's that the company is in trouble. When we look at results of the fist haft of this year, interest charges are we higher ...more  

Datametrex AI Launches AnalyticsGPT

The underlying AnalyticsGPT technology was developed in conjunction with and used by the U.S. and Canadian Military for defense initiatives and is characterized by its robustness, reliability, and precision. In the following weeks, Datametrex will be announcing additional packages and pricing models designed to allow smaller businesses to leverage the power of ...read more
Comment by longrun86on Aug 11, 2023 1:51pm

RE:Q2 out and the rest of the year look strong

The issue in my mind is that the valuation gap between the book value of the equity and the market price is EXTREME. The company currently trades at 0.30x the book value of the equity. This is a ...more  
Post by Marley66on Aug 11, 2023 8:42am

Q2 out and the rest of the year look strong

Q2 was good because of lots sales in the US. In the mean time, the company continue to reward shareholders with the 16 cents quarterly dividend and with my great pleasure, shares buyback from the NCIB ...more  
Comment by Thor16on Aug 10, 2023 10:12pm

RE:Q2 Thoughts

I think they take the company private within 5 years.  I'd be happy to receive it, however I suspect they will use the cash to privatize instead of paying it out. I could be very wrong ...more  
Post by longrun86on Aug 10, 2023 7:29pm

Q2 Thoughts

Well the Q2 is now out and I am happy with the results and insight from Management Reporting: It is very helpful that they have now included Segment earnings and FFO of the divisions. I ...more  
Post by longrun86on Aug 09, 2023 7:27pm

Q2 Release

Unless my calendar is lying to me, Melcor should release results tomorrow.    While interest rates may have caused some uncertainty, Inter-provincial migration should be a big theme in ...more  

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Post by Hull534on Jul 28, 2023 2:18pm

Great numbers for Calgary Genesis bode well for MRD

Looking forward to see if this quarter will reveal the reality of what is happening in Alberta. 51,000 new arrivals in the first quarter of the year have impacted the rentals market bu they almost al ...more  
Comment by Thor16on Jul 25, 2023 9:00pm

RE:RE:RE:RE:RE:NCIB

For what it's worth, maybe nothing maybe something, for dividend purposes i only look at free cash flow, earnings, payout ratio and retained earnings (sprinkled with expected capital expenditures ...more  
Comment by longrun86on Jul 25, 2023 2:17pm

RE:RE:RE:RE:NCIB

We are currently at about a 5.6% dividend yield. The Vanguard REIT etf (VNQ) is at 3.82%. The following provides some yield analysis to other Canadian listed real estate companies  Link  ...more  
Comment by Marley66on Jul 25, 2023 2:20am

RE:RE:RE:NCIB

Unfortunately I don't agree with you. We just got a rise in dividend this winter to 16 cents from 15 cents every quarter. But for sure, you can expect good results especially for lots sales in ...more  
Comment by Thor16on Jul 24, 2023 8:42pm

RE:RE:NCIB

Does anyone know if they plan on raising the dividend in a couple of weeks?  I would think yes?
Comment by longrun86on Jul 22, 2023 8:49pm

RE:NCIB

Thanks for the post and happy to see the buyback is delivering! It will be very interesting to see how Melcor has performed in this market. With interest rates where they are at, I would expect cap ...more  
Post by Marley66on Jul 21, 2023 2:07am

NCIB

I guest that the 230000 shares block trade was bought back by Melcor! As a shareholder, that's great news for me . So as of the start of the new NCIB, they are probably at 550000 share already for ...more  
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