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Bullboard - Stock Discussion Forum Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  MGRUF | T.MRT.UN

Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing... see more

TSX:MRT.DB.A - Post Discussion

Post by pierrelebel on Jun 07, 2024 1:37pm

Big Bid

A relatively large bid just of 97,500 units at $5.65 showed up a dew minutes ago on the TSX.

We may see fireworks before the trading day is over!

Volume well above average


Comment by pierrelebel on Jun 07, 2024 1:53pm
Within 10 to 15 minutes, the bid was lowered to $5.60
Comment by flamingogold on Jun 07, 2024 3:36pm
Someone is hungry for shares.. chomp, chomp, chomp. 
Comment by flamingogold on Jun 07, 2024 3:40pm
The problem is, the pool of sellers left at this level is shallow. To flush out the remaining shares, that bid will need to rise either on the open market or as a buyout with a premium.