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Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  MDPCF | T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Comment by undervalueon Aug 31, 2021 6:07pm
150 Views
Post# 33792215

RE:RE:RE:Sam...

RE:RE:RE:Sam...I hear you, and, I agree. I own several miss priced companies with dominant shareholders that treat them as essentially private companies. It is a pain, and sometimes I think it is the essential reason for the discount.
That said, most of us can continue to be able to buy shares below the deal price in the open market, (at least today) and considerably below our guess of long term values. 
The reality is that Grippo would have a very difficult time to buy7 plus million dollars of shares at these price points without purchasing from the foundation. I am not sure why we got the shot versus him.
He purchased a half million from the foundation earlier this year for cash $4.5.
He is acting like he likes the long term prospects more than the other large holders.
I think the steamed shareholders should contact the company to express their concerns.




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