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Bullboard - Stock Discussion Forum Morguard Corp MRCBF

Primary Symbol: T.MRC

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust... see more

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Bullboard (TSX:MRC)

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Post by pierrelebelon Sep 19, 2024 10:51am

Morguard Announces Renewal of Normal Course Issuer Bid

What is the point? "Under its previous normal course issuer bid, Morguard was approved to purchase up to 540,661 Common Shares. No Common Shares were purchased for cancellation during the last ...more

Discussion

Post by garyreinson Sep 12, 2024 3:23pm

IS THIS A GOOD BUYY?

YES OR NO

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Comment by steavieon Feb 22, 2024 6:46pm

RE:Who benefits from the sale of hotels?

As per their 2023 results release today, they used it to pay down debt.

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Discussion

Comment by Malpeque2on Feb 22, 2024 11:48am

RE:RE:Who benefits from the sale of hotels?

Hotels were 17 properties. Carried on the books as at September 2023 for $341M. The debt against the properties was $118M so these hotels overall were relatively less ...more

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Discussion

Post by TrevorAbeson Jan 19, 2024 11:08am

Morguard offloads 14 hotels for $410 million

https://stockhouse.com/news/the-market-herald-news/2024/01/19/morguard-offloads-hotel-portfolio-for-$410-million

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Comment by Northforce13on Jan 09, 2024 12:36pm

RE:Who benefits from the sale of hotels?

No... I think they sold the hotels because they are facing a big wall of debt maturities in 2024 that they have to refinance and they are freaking out over the interest rates being quoted. ...more

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Discussion

Comment by babybunnyon Jan 09, 2024 12:23pm

RE:Who benefits from the sale of hotels?

I too would love to see MRC mop up the remaining shares of MRT. They will have to pay up quite a bit if they want to tender for the whole thing all at once. They are probably better off ...more

300

Discussion

Comment by Possibleidiot01on Jan 09, 2024 12:11pm

RE:Who benefits from the sale of hotels?

Opens up many possibilities.

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Discussion

Post by pierrelebelon Jan 08, 2024 11:01am

Who benefits from the sale of hotels?

I suspect MRC will use some of that $361,000,000 it receives from ther sale of those hotels and finally buy the units of MRT.UN it does not currently own - at a price well below book value. WIN - WIN ...more

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Discussion

Comment by Beabaggageon Jun 15, 2023 11:42am

RE:RE:RE:RE:MRC float has to be very small

well that pop faded..but I am a happy long term holder w basis around $76US, a 2% of portfolio position.. Sahi is buying MRT almost daily ..the thing about buybacks is finding the shares, guessing ...more

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Discussion

Comment by NotDrakeon Jun 14, 2023 10:59pm

RE:RE:RE:MRC float has to be very small

So this buyback that they did, they essentially spent around $1.93 NAV/share to gain around $5.63 NAV/share. Would put them solidly at a $400 NAV excluding other factors (more writedowns to come ...more

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Discussion

Comment by Beabaggageon Apr 03, 2023 12:20pm

RE:RE:MRC float has to be very small

here we sit at the lows, I did add a little last week..they have been buying MRT shares almost daily in the open market; a block of MRC changed hands this AM maybe 37,500 shares, I would hope it is ...more

319

Discussion

Comment by NotDrakeon Jan 23, 2023 2:29pm

RE:MRC float has to be very small

Long as well, and chipping away now and then at more shares. Keep in mind this is long term, with the low liquidity the market maker will make it pretty much next to impossible to get out of ...more

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Discussion

Post by Beabaggageon Dec 20, 2022 12:41pm

MRC float has to be very small

of course the Sahi ownership and insiders, institutions...not sure what the catalyst is here but I kept adding on weakness in US sub $US80 and happy to continue to hold long term. They are ...more

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Discussion

Comment by NotDrakeon Dec 19, 2022 5:43pm

RE:added more MRC today

Wow getting some volume. Insider bought 5,000 shares last Friday.

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Discussion

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Bullboard - Stock Discussion Forum Morguard Corp MRCBF

Primary Symbol: T.MRC

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