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Becker Milk Co Ltd BCKMF


Primary Symbol: T.BEK.B

The Becker Milk Company Limited is a Canada-based company, which is engaged in the ownership and management of retail commercial properties in Ontario, Canada. The Company primarily leases retail stores with a few residential sites. The Company owns and manages approximately 38 commercial properties in various southern Ontario communities. Its properties are single store sites with a few multi-store plazas, including one residential unit above a retail commercial store. The Company has leased to third parties 51 retail units, 36 of which were leased to Mac’s Convenience Stores Inc. operating under their Mac’s Convenience Stores brand (two stores) or their Circle K Stores brand (34 stores). The remaining 15 retail units and one residential unit were leased to other tenants.


TSX:BEK.B - Post by User

Comment by Lawyerupon Jul 20, 2021 11:55am
170 Views
Post# 33575397

RE:Increase in equity by a few million

RE:Increase in equity by a few millionThanks Oneinamillion.  This is what I get from the management discussion paper on Sedar:  Total Assets net worth which includes property, investments and cash is $37,502,000, shares outstanding which includes all shares 1,808,360 which would give us a NAV of $20.73 a share.  I would consider this fairly accurate because of the recent property assessment values.  Becker has no debt around $800,000 cash on hand and investments valued at $4.7M mostly Couche-Tard shares and bank notes.  So in my books with a NAV of $20.73 and we are trading under $14/share we are undervalued by a significant amount.  Cheers Charlie.
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