GREY:CXSNF - Post by User
Comment by
privateoneon Apr 04, 2017 11:27pm
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Post# 26077306
RE:RE:RE:RE:RE:RE:RE:RE:NCIB will be renewn ...
RE:RE:RE:RE:RE:RE:RE:RE:NCIB will be renewn ...The most recent (January 2017) redemptions were in the $1.70 to $1.80 range.
SCB's average NCIB price last year was $1.44
The SP has been languishing in the $1.47 to $1.65 range over the past ten days since the new NCIB took effect.
Once would think that the past ten days has been a good buying opportunity however no redemptions have taken place, even though the current SP is 14% lower than the previous redemptions.
Once has to ask oneself why they are not redeeming and cancelling at these prices.