GREY:LSTMF - Post by User
Comment by
ltrabson Jun 20, 2012 9:16pm
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Post# 20037060
RE: RE: Upgrade from UBS
RE: RE: Upgrade from UBS Quote ( gonna be tough for pbn to rally significantly in the face of petrobank selling petrobakken shares every single day )
By my count, through today, Petrobank have bought back over 5.3 mil PBG shares of the allowed 7.27 mll..
At the present rate they should be done and gone early in July. Less than 2 mil left at 120,000 / day.
Petrobakkes seem to be buying back PBN shares at a rate equal to shares distributed as dividends.