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Bullboard - Stock Discussion Forum Wall Financial Corp T.WFC

Alternate Symbol(s):  WFICF

Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. Its segments include ownership and management of revenue-producing residential and... see more

Bullboard (TSX:WFC)

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Comment by wynneron Dec 19, 2023 10:58am

RE:RE:Best Real Estate market in the world.

Did you miss the Canada 5 year bond rate falling bruv. You can get a mortgage with a 4 handle up here now.
Comment by malx1on Dec 18, 2023 5:03pm

RE:Best Real Estate market in the world.

Maybe you missed BoC news. Mortgages 7% now, not 2%. It's 2024, Tiff already kicked the RE cash flow bros in the wallet. At WFC, borrowing $100mm to pay the dividend is just dumb capital ...more  
Post by wynneron Dec 18, 2023 11:13am

Best Real Estate market in the world.

The Real Estate Board of Greater Vancouver says home sales ticked up last month as the continued increase of newly listed properties has given prospective homebuyers in the region among the largest ...more  
Comment by wynneron Dec 18, 2023 11:04am

RE:wynner: RE $97mm dividend being DUMB

Sorry dad RE in Van city is going UP still. Just not as fast.  Dividends are when they have the money. Better than paying extra tax . Now there may be a 2% tax on share buybacks. Notice the tax ...more  
Comment by wynneron Dec 18, 2023 10:55am

RE:wynner: RE $97mm dividend being DUMB

Hi sis. I didn't buy this for the takeout by the company. That little option just dawned on me AFTER I bought a boatload. Histoically (not hysterically) they pay a dividend since they went ...more  
Post by malx1on Dec 17, 2023 5:10pm

wynner: RE $97mm dividend being DUMB

wynner, think rationally for 15mins. Why would they spend $97mm on a one-time discretionary dividend rather than reducing that equivalent in mortgage debt currently floating at 7.8%??? Seriously ...more  
Comment by malx1on Dec 17, 2023 4:37pm

RE:MD&A

wynner, think rationally for 15mins. Why would they spend $97mm on a one-time discretionary dividend rather than reducing that equivalent in mortgage debt currently floating at 7.8%??? Seriously ...more  
Post by wynneron Dec 15, 2023 8:12am

MD&A

On September 1, 2023, the Company received a non-revolving loan of $100,000,000 from a company owned by a significant shareholder of the Company. The loan is secured by charges over property, plant ...more  
Comment by malx1on Nov 30, 2023 5:44pm

RE:RE:RE:Full?

Bro! "General Corporate Debt - The Company’s general corporate borrowings increased from $5,057,069 at January 31, 2023 to $99,330,393 at July 31, 2023." Hold your Horses, Charlie ...more  
Comment by wynneron Nov 13, 2023 9:39pm

RE:RE:Full?

You are serious?  Read the MD&A . There will be another one next month. They refinnaced at better rates .......with an insider. Going private bro.
Comment by malx1on Oct 07, 2023 12:28am

RE:Full?

Everybody has gotta refinance. WFC just borrowed $94mm to pay dividends while cost of debt skyrockets. Not smart. BOD needs gutting.
Post by wynneron Aug 23, 2023 6:42pm

Full?

So. People have been coming to Vancouver hotels to escape the fires. Hotels were about 90% full before the fires. Mortgages are low except for floating mortgages. Rent on new and renewable rental ...more  
Post by malx1on Feb 15, 2023 4:30pm

CEO a magician - buys at $10 when the stock is $20

400,000 shares at $10 Increases his stake in WFC to 12.6% Good to see executives here with significant skin in the game. If there's any more $10 shares, I'll take some too.
Comment by malx1on Feb 10, 2023 2:31pm

RE:RE:$3 Div better spent on SIB @ $20

I'd wager that more than half the BOD don't know what a SIB is.   
Comment by hoffbagon Feb 10, 2023 8:01am

RE:$3 Div better spent on SIB @ $20

So think about why it didn't go down that way and maybe there is something to be learned from that. 
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