TWC Enterprises Ltd T.TWC

Alternate Symbol(s): CLKXF

Consumer Cyclical Leisure

TWC Enterprises Limited is a Canada-based company engaged in golf club operations under the trademark ClubLink One Membership More Golf (ClubLink). The Company is the owner, operator and manager of golf clubs with 45.5, 18-hole equivalent championship and 2.5, 18-hole equivalent academy courses, at about 35 locations in two separate geographical regions, such as Ontario and Florida. Its segments include Golf Club Operations Segment and Corporate Operations Segment. Its golf clubs are organized in clusters that are located in densely populated metropolitan areas and resort destinations frequented by those who live and work in these areas. It also offers golfers in their region a variety of membership, daily fee, corporate event and resort opportunities. ClubLink also has annual membership programs, and the product offerings include Players Card and Players Club in the Ontario/Quebec region as well as the ClubLink Card in the Florida region.

TSX:TWC - Post by User

TWC Enterprises Ltd

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Post by arbtrader123987on Mar 06, 2019 5:47pm

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Post# 29452317

Fontainebleau sold for $8.6M or $0.31 per share

Per financials today sold Fontainebleau for $8.6M or $0.31 per share. Not bad.

No news on the other clubs that are for sale or being redevelopped (Ottawa, Tremblant etc.)

On December 14, 2018, the Company sold Club de Golf Le Fontainebleau to the shareholders of Club de Golf Rosemere for net proceeds of $8,589,000. ClubLink will retain a management fee arrangement of Fontainebleau and recorded a gain of $6,268,000 on the sale.
Read more at https://stockhouse.com/news/press-releases/2019/03/06/twc-enterprises-limited-announces-2018-year-end-results-and-eligible-cash#j6ZSAMPEEwjX55Tw.99

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