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

Sign In

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

or

Please Try Again {{ error }}

Send my password

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

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

Comment by longrun86on Jun 05, 2023 1:12pm
74 Views
Post# 35480698

RE:RE:NCIB Renewal

RE:RE:NCIB RenewalI think it would actually be nice to know what the true "Public Float" would be at Melcor if you included employees of the Company. I suspect that the true measure of public float could be below 35% of the issued and outstanding shares. In my previous conversations with Nicole at Investor Relations, it was alluded to that non-insider employees make up a decent percentage of the outstanding shares. However, these are not counted included in the count of the public float.

A general disclaimer would be that I have no proof of this... it is a guess based on 123 full time employees from the Annual Information form of which many have been around for a LONG time and the company appears to have very low employee turnover rates. Also worth noting, the online Glassdoor and Indeed reviews have improved since Mr. Rayburn's departure.

With respect to the NCIB, I suspect that at the right price you could see some shares free up. Realistically, aside from those who would have acquired during the initial Covid slump, anyone who has purchased over the past decade is underwater on their adjusted cost base compared to the current share price.

LR
<< Previous
Bullboard Posts
Next >>