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 > Q2 out and the rest of the year look strong

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Comment by babybunnyon Aug 23, 2023 12:02am

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Post# 35601186

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 against captains; this just makes shipwrecks less likely.

The only company on your list that I own is Hammond Manufacturing. I have been patiently building that position for well over ten years, and my initial stake is now a ten-bagger. Yet it is still severely undervalued.

I have every confidence that we are poised for Melcor to have its "Hammond moment" when interest rates finally settle down.

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