TSX:MPCT.DB - Post by User
Comment by
InvestSmarteron Feb 10, 2024 3:19pm
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Post# 35873980
RE:RE:RE:Scarborough Junction?
RE:RE:RE:Scarborough Junction?It is under the equity accounted investments, under "other". Lumped in with a bunch of other properties. There is almost no value in the current NAV on the Q3 report for this development. MPCT won't add the NAV until the density is officially approved. That will be a very large mark up, nearly half the current trading price. At current adjusted NAV in Q2 2023 of about $31+, trading at $6.50, the market is not pricing in anything for MPCT. Its like all their assets are worth nothing. Doesn't make sense. Someone big enough will eventually clue in.
ScroogeMcDuck1 wrote: However not sure what value is currently in the nav dor this site. Is this for sure newly surfaced value? I guess we await earnings