Beacon Hall rumours of land sale?

[bcampb00]

Bump!

https://ca.finance.yahoo.com/quote/twc.to/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALO2JpAMTbenYA5NmYnZgLRMxzJ8NJpmBJuF6sfau7yvse9h8_-RRyE72gp52Tii2iPUImqdVfqUDOAaq7FpSgHYISF1hIINlQE67UjxpgwMt0HBSPaW7YaZwKyYukYCDGyuhEEOLtGLA-P7Sxtdjed6kIkzu8l2hsTfnDVXiof2

Does TGN move the stock?!! or is it BH or is the tail wagging the dog?!
Or is it a seasonal name / covid golf trade??

The stock hasn’t moved much at all, maybe because trading volumes are so low or because q4 results were pretty much as expected? I don’t think TGN or Beacon Hall have much influence on TWC price. You think something different?

[Pete12345]

When are the results being announced?

[SLDR TP]

When are the results being announced?

offer was voted down, how soon before they receive another offer?

[Pete12345]

offer was voted down, how soon before they receive another offer?

Wow, that is very surprising. Do you know if it was closer than 7 votes this time?

[SLDR TP]

Wow, that is very surprising. Do you know if it was closer than 7 votes this time?

not sure

[SLDR TP]

was just told 58% in fav, 42% opposed, also told the BOD passed a bylaw that they will not entertain new offers until Oct 15th.....bye bye boardy

[Heart Attack Guy]

was just told 58% in fav, 42% opposed, also told the BOD passed a bylaw that they will not entertain new offers until Oct 15th.....bye bye boardy

I don’t think so. There are strong opinions on both sides as to how the Board has handled this, but hard as it is to believe, most BH members are there to play golf. A moratorium on offers will be welcomed by many.

[SLDR TP]

I don’t think so. There are strong opinions on both sides as to how the Board has handled this, but hard as it is to believe, most BH members are there to play golf. A moratorium on offers will be welcomed by many.

Assuming the numbers I was given are correct, it is Hard to believe that most are there to play golf when 58% were in favor of selling,

[Weirfan]

Assuming the numbers I was given are correct, it is Hard to believe that most are there to play golf when 58% were in favor of selling,

HAG is a member there so he probably has his hand firmly on the pulse of the situation.

I know we have other Beacon members on the board ( have played there with one and HAG above) who have been quiet on the issue. Maybe at some point they will chime in.

Living 3km from the course almost 30 years I know a fair number of members , while I haven't discussed the issue with any, the only ones who IMO would want/need to sell are the few who bought in most recently on the speculation of the sale. The others don't need the $. One friend is a member there, at the National, Port Carling and also at a private in Scottsdale

[Pete12345]

When was the last time a member sold their share and what did it go for? I wonder if members who were hoping to cash out might opt to sell their share which would still generate a large profit but not as much had the members voted to accept the offer.

[northernpro]

I worked there in the early 90’s....that membership only
loved the course and did not need the windfall...a great
facility...a lot of this property can not be developed...I
wonder about the rights of existing property owners?

[Walker]

A few points on the status of Beacon Hall and why it did not sell.

As reported there were more members voting no than the last vote. I heard from a few members that the big issue appears to be the purchase price. Land values have increased over the past 4 years, there are many new developments near the club including 3 just south of it and one just to the north so developers can see exactly how much houses have jumped and yet the purchase price is almost the same as the offer 4 years ago which was rejected on price.

There is also a belief that the land along Yonge street is worth substantially more than what was calculated in a plan due to the density potential of low rise condos.

This information is from a letter that was circulated to some members.

The board seems to be doing a good job navigating the interests of both the sell group and don't sell group so they are not getting voted out.

The club has a number of capital improvements in progress including changes to the greens, bunkers and patio area. The club has not lost key staff during this process and in fact attracted a top pro and chef in the past 2 years.

[SLDR TP]

another offer has been submitted, not sure who from but significantly more $$ than the previous offer

[SLDR TP]

new offer of $320,000,000 has landed at Beacon Hall, Treasure Hill I believe

[e4chan]

Anyone know the latest on this? Is the deal dead?