Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 38 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.

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Melcor Developments Ltd

Bullboard Posts

Comment by dangoodon Dec 18, 2019 10:42am

234 Views

Post# 30468038

RE:RE:Things just got worse

Its a small illiquid company so most mutual funds would not touch it. Return on equity has been poor. Looks like they are concentrating on developing land for shopping centres. Too much debt. They should concentrate on shrinking not growing. Reminds me of my son's saying about a cheap restaurant. The food is coyote meat and has a timer on it. But at least the price is right.

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle