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Wall Financial Corp T.WFC

Alternate Symbol(s):  WFICF

Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on the development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. The Company’s segments include ownership and management of residential and commercial rental properties (investment properties), the development and sale of residential housing (development properties), and the ownership and management of hotel properties (property, plant and equipment). Its property under development includes Ivy on the Park, Eagle Mountain and Trails North Vancouver projects. The Company owns and manages over 934 hotel units (188 at the Westin Wall Center, Vancouver Airport, and 746 at the Sheraton Vancouver Wall Center). It also owns and manages approximately 1,523 residential and commercial rental units located in Metro Vancouver.


TSX:WFC - Post by User

Comment by malx1on Nov 22, 2022 3:12pm
84 Views
Post# 35119629

RE:Abuse of minority shareholders

RE:Abuse of minority shareholders
hoffbag wrote:

This is a company that holds rental apartments and lodging. Covid is done. No excuse not to reinstate a dividend on this portion of earnings. I understand that the development end of the business can be more volatile so can hold those earnings and reinvest or weather a storm.   

Pay a quarterly dividend and let shareholders decide if they want to reinvest  (offer a DRIP) or take the cash.   Only benefit right now is to majority shareholder that takes a salary and dogs the stock for the occasional buyout.   

 

 




Hoffbag yet to understand optimal capital allocation strategies.

Dividends are discretionary, not obligatory.

Better use of funds was NCIB.

1.5mm shares cancelled.

Well done team.
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