Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

Real Estate Real Estate - General

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 38 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.

TSX:MRD - Post by User

Melcor Developments Ltd > Spike in buying interest recently?

<< Previous

Bullboard Posts

Next >>

Comment by dileas48son Jan 08, 2021 2:44pm

232 Views

Post# 32255778

RE:Spike in buying interest recently?

I wish I knew! I bought 1,000 shares back in August-ish and entered a sell order right away for $9.35. It triggered well before I thought it would. Stupid me ended up with 8 shares on a drip - whoops.

It was my contention that it was way undervalued and was trailing the Covid recovery. I don't regret selling. It may go up from here, or it may not, but it was just a trade to me.

I do expect it to drop down. There perhaps isn't a classic "gap to fill" but the move from $8.19 to $9.79 was especailly fast, so I thought it was on its way there, but seems I might have been mistaken.

50 SMA is about $7.80 and rising pretty fast.

It'll be interesting to see how the dividend fares in the next results.