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Bullboard - Stock Discussion Forum Melcor Real Estate Investment Trust T.MR.UN

Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta... see more

Bullboard (TSX:MR.UN)

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Post by Icecreammanon Mar 10, 2021 3:37pm

decided to buy back

after a 20k profit i decided to buy back in.
Comment by Shirtlessnomoreon Mar 10, 2021 3:04pm

RE:ASPP/ buybacks reported today too

It will be interesting to see where this ends up but I took some profit today getting bought at 5.64. Still holding a core position tho. Cheers
Comment by Shirtlessnomoreon Mar 08, 2021 8:08pm

RE:Buybacks/ASPP started

It's funny I couldnt help but think about the fact that posters and shareholders complain about companies and their inability to create shareholder value and blah blah, like the narrative earlier ...more  
Comment by Shirtlessnomoreon Mar 08, 2021 7:36pm

RE:Buybacks/ASPP started

We might see 6 bucks before too long, all the folks on the fence can get out and we should see some pretty positive action. Cheers!
Post by canadianon Mar 08, 2021 6:25pm

Buybacks/ASPP started

2021-03-0815:58 2021-03-08$MRUNMelcor Real Estate Investment Trust 1 - Issuer Direct Ownership Trust Units 38 - Redemption, retraction, cancellation, repurchase$16,837 +3,207vol $5.25each
Comment by Shirtlessnomoreon Mar 07, 2021 12:06pm

RE:RE:RE:RE:RE:RE:Spoke with management. Trading block ends today.

They are also somewhat of a strategy, when financials are not going to be great which in this environment is obvious the write downs put all the bad on the table at once opening the door for much ...more  
Comment by canadianon Mar 06, 2021 7:59pm

RE:RE:RE:RE:RE:Spoke with management. Trading block ends today.

Dude, write downs are a common practice in Reits. Some do it, some don't.
Comment by canadianon Mar 06, 2021 7:11pm

RE:RE:RE:Spoke with management. Trading block ends today.

Yes. Automatic share purchase plan will add pressure to the share price on the upside. Expect to see 6$ soon. May be 8$ by year end Based on FFO, it's 16% returns per year compared to 12% returns ...more  
Comment by Shirtlessnomoreon Mar 06, 2021 10:06am

RE:RE:Spoke with management. Trading block ends today.

Nicole in IR is EXCELLENT at returning messages, she does a great job.
Comment by Shirtlessnomoreon Mar 06, 2021 10:03am

RE:RE:RE:RE:RE:Amazing words in financial release!!

I would agree, I do not feel as tho any really have a leg up, except maybe short term. they all have and face the same obstacles, they are all undervalued, they are all using different strategies that ...more  
Comment by canadianon Mar 05, 2021 4:17pm

RE:RE:RE:RE:Amazing words in financial release!!

Please stop your self propaganda. I too own Hr.un. it does not mean all other stocks are bad. As long as hr.un does not increase dividend, no major upside. With more than 400k immigration, all reits ...more  
Comment by Shirtlessnomoreon Mar 05, 2021 3:40pm

RE:RE:RE:RE:Amazing words in financial release!!

Retired, I agree that despite the limitations on the buyback it will mean a dramatic upward push, not only is it going to make a difference due to the typically low volume here but also more ...more  
Comment by Shirtlessnomoreon Mar 05, 2021 1:10pm

RE:RE:Amazing words in financial release!!

Retired had mentioned a couple business days, perhaps by mid week?
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