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Melcor Developments Ltd T.MRD

Alternate Symbol(s):  MODVF

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

Post by Marley66on Jul 21, 2023 2:07am
215 Views
Post# 35550976

NCIB

NCIB I guest that the 230000 shares block trade was bought back by Melcor!
As a shareholder, that's great news for me . So as of the start of the new NCIB, they are probably at 550000 share already for the program. As a result, book value will increase by 40 cents per share just because of that action!

base on share price of 11.50$ , that 40 cents represents more than 3% of the share price plus de dividend of 64 cents that we receive on a quarterly basis.

Thank you very much Melcor, I feel that I'm very well paid to wait as a shareholder.

and i wait for a eventual re-rating of my shares
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