Genesis Land Development Corp T.GDC

Alternate Symbol(s): GNLAF

Genesis Land Development Corp. is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area (CMA). The Company’s portfolio is primarily residential lands and serviced lots in the CMA. It operates through two segments: land development and home building. As a land developer, the Company acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multifamily and commercial parcels. GBG designs, builds and sells homes on a significant portion of the Company’s single-family lots and townhouse land parcels. GBG also acquires single-family lots from other land developers to build and sell single-family homes in other CMA communities.

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Genesis Land Development Corp > Dividend this year?

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Comment by Northforce13on Nov 23, 2021 6:23pm

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Post# 34159243

RE:Dividend this year?

Wouldn't be surprised if they did do a dividend.

Issue shares worth over 4.00 book value through a rights offering at 2, destroying share holder value (dumb), then give a big chunk back through a dividend (dumber). Anyone remember that move "dumb and dumber"?

Maybe a lot of their land holdings are stagnant garbage and they really do need more capital to be able to do development. Who khows.

It's going to keep drifting down. There is high pressure for decline so long as it trades above the rights offering price (2.00)

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