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Bullboard - Stock Discussion Forum 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... see more

TSX:MRD - Post Discussion

Melcor Developments Ltd > Spike in buying interest recently?
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Post by bengraham1969 on Jan 08, 2021 2:26pm

Spike in buying interest recently?

Does anyone know what's caused MRD to move? Seems to be a huge change in buying interest
Comment by dileas48s on Jan 08, 2021 2:44pm
I wish I knew!  I bought 1,000 shares back in August-ish and entered a sell order right away for $9.35.  It triggered well before I thought it would.  Stupid me ended up with 8 shares on a drip - whoops.    It was my contention that it was way undervalued and was trailing the Covid recovery.  I don't regret selling.  It may go up from here, or it may not ...more  
Comment by babybunny on Mar 18, 2021 1:15am
I think this is a rare case where cheapness alone really was the main catalyst. At the COVID trough, MRD was trading at less than 20% of book value.  Even crummy companies rarely drop below half of book, and Melcor is a well-run company that over its history has more than earned its cost of capital.   It just happens to operate in a jurisdiction that has fallen on hard times, and ...more  
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