Alaris Royalty Corp ALARF

Steve King : Initiate a share buy-back

[BSdetector2016]

Retire some of the float and the dividend that those shares pay, and increase the share price now.

[maypeters]

Steve has already indicated that if they changing new opportunities and partners generating 15% IRR then they will not use the money to buy back shares. No point in buying back shares and raising capital through a new issue. At least no DRIP in place.

[BSdetector2016]

He's got to try something different; current strategy means share price is stuck in neutral and subject to psychotic price movements. I'm losing patience with this boat anchor stock as I am sure the vast majority of holders are. I know "the dividend is great" but what about the capital destruction?

[TickerTwit]

The company can do little about shareholders who are willing to sell low. Share buybacks (NCIB) do not raise share price. I've watched NCIB's in place for several stocks I own. They have never returned value to retail shareholders, who ignore the NCIB and continue to sell low. NCIB's give value to management through increased ownership via treasury-issued share-based compensation

[Aspertheoldman]

Thanks TickerTwit for injecting a little intelligence on this board. the degree of financial literacy of the majority of posters is laughable. They don't reason, they resonate ! I strongly agree with your assessment of many shares buybacks. The book value of AD is LOWER than its stock price, so a buy-back would decrease the book value of AD. Now TickerTwit, just watch the next posts

[craighenry]

"Stock buy back on several stocks I own".......yeah tickertwit??  What stocks are those?

[TickerTwit]

Mr. Henry, If you want to find some stocks that have NCIB's in progress, there are many. Pick a company name, google name+NCIB, and check SEDAR filings on any hits. As for some I have owned, Callidus (do not confuse their current NCIB with their past SIB; the latter is a much different thing and did in fact deliver a share price increase) and Sandvine are two examples. Neither of their NCIB&

[maypeters]

I remember the time all the US big companies were borrowing debt for low rates and buying back stock in order to keep increasing the EPS.  If you cannot increase the earnings then reduce the share count. IBM hadbeen doing that for years - the revenues have been going down each year. Not sure if they are still doing it.