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

Bullboard Posts

Comment by arbtrader123987on Apr 09, 2020 4:34pm

57 Views

Post# 30895769

RE:RE:RE:RE:RE:RE:RE:new concern

Your are right TWC does own 350,000 shares of Carnival which at todays price are worth $6.1M or $0.22 per TWC. That is 2.7% of the market cap so honnestly not material to the overall thesis.

The catalysts I see are:
- Glen Abbey decision by LPAT in late 2020-early 2021 (or the city comes to the table with a deal)
- Kanata Lakes decision in favor of TWC by mid-2020
- Sale of illesmere
- Florida development updates
- Rattlesnake development or zoning update by the city

All together these catalysts are worth $10-15 a share in my view.

With a book value at $16.25 you have pretty low downside at $8
Also note that RBC was a big buyer today. Rai or the buyback is my guess. We will see when they file.

Good luck to all

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