Bullboard - Stock Discussion Forum 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... see more

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TSX:MRD - Post Discussion

Melcor Developments Ltd > Spike in buying interest recently?

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Post by bengraham1969 on Jan 08, 2021 2:26pm

Spike in buying interest recently?

Does anyone know what's caused MRD to move? Seems to be a huge change in buying interest

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Comment by dileas48s on Jan 08, 2021 2:44pm

I wish I knew! I bought 1,000 shares back in August-ish and entered a sell order right away for $9.35. It triggered well before I thought it would. Stupid me ended up with 8 shares on a drip - whoops. It was my contention that it was way undervalued and was trailing the Covid recovery. I don't regret selling. It may go up from here, or it may not ...more

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Comment by babybunny on Mar 18, 2021 1:15am

I think this is a rare case where cheapness alone really was the main catalyst. At the COVID trough, MRD was trading at less than 20% of book value. Even crummy companies rarely drop below half of book, and Melcor is a well-run company that over its history has more than earned its cost of capital. It just happens to operate in a jurisdiction that has fallen on hard times, and ...more

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Melcor Developments Ltd