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Clarke Inc T.CKI

Alternate Symbol(s):  CLKFF

Clarke Inc. is a Canada-based investment and real estate company with holdings in a diversified group of businesses and across real estate sectors. The Company is focused on evaluating the acquisition, retention and disposition of its holdings. The Company operates through two segments: investment and hospitality. The investment segment represents the Company's ferry business, investment properties and real estate inventory under development. The hospitality segment consists of its ownership and operation of hotels. It has a diverse portfolio of direct real estate holdings across the hospitality, commercial, industrial and residential sectors.


TSX:CKI - Post by User

Bullboard Posts
Comment by Zosimaon Jun 16, 2014 9:10am
137 Views
Post# 22662553

RE:Anyone on this board think CKI will put itself up for sale?

RE:Anyone on this board think CKI will put itself up for sale?I think the company is generally winding up, and the remaining assets will be sold.  He is quoted in the paper saying he wants to spend more time with family.  The new CEO is a young lawyer, not particularly a business building guy.  The recent Terravest equity issue requires some early repayment of the note owed to CKI.  He sold half the S position very quickly after the S annual meeting.  Everything points to him raising cash, which ultimately means winding up (and some big special dividends).
Bullboard Posts