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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.


TSX:MRD - Post by User

Melcor Developments Ltd > NCIB Results
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Comment by babybunnyon Sep 21, 2022 1:12am
106 Views
Post# 34975536

RE:NCIB Results

RE:NCIB ResultsYes, great to finally see another block purchase ... the first since June.  

This one was big enough to immediately increase book value per share by about 1%, a very nice boost.  I wish Melcor could find a way to do this more frequently.  But alas, as they have already told me, they rarely encounter block purchase opportunities.  I think a SIB (substantial issuer bid) is the best way to retire a big slug of shares and help get book value per share closer to the magic $40 mark.



  
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