TWC Enterprises Ltd T.TWC

What have we given up?

[undervalue]

The company has said that the press reports are misleading. They have simply pulled back on development plan applications and LPAT.
TWC still owns Glen Abbey, and they can still make applications for development.
What has been given up was a clear timeline.
Politics change, the need for housing may trump NIMBY in time.
If courses like Beacon Hall can get 260 million bids, without any clear development path, GA is probably worth at least as much. I think they could get a 500 million bid tommorow as it is.
This event has clearly opened the door for a going private bid at a lower price point.
Sahi may be able to take advantage of shareholder frustration and seal the deal.
As I mentioned, I am replacing the stock I sold last week at several dollars less per share.

[carbide]

Where did they say the press reports were misleading? "TWC Enterprises Limited (TSX:TWC) (“TWC”) announces that it has withdrawn the appeals filed with the Ontario Land Tribunal by its subsidiaries (ClubLink Corporation ULC and ClubLink Holdings Ltd) in relation to the potential redevelopment of Glen Abbey Golf Club." The company has not said it is committed to never developing GA

[undervalue]

Call the co. We have.

[Valueguy13]

Well done on the trading. Most shareholders probably weren't so nimble. It's hard to imagine the seller of the large block didn't know something the rest of us didn't.  it's a good point that the underlying value of ga remains but the effort and cost of getting to the lpat and past  all the court challenges is a lot to throw away at the last minute. Does anyone