TSX:PMZ.UN - Post by User
Post by
SNAKEYBOYon Jul 08, 2022 11:08pm
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Post# 34812488
Buying back 50k shares a day
Buying back 50k shares a dayWould translate to:
- 13 million shares cancelled / year
- Total cost around $170 million per year at avg $13.00
- 60 million free cash flow means they to come up with $110 milion. That's basically 1 asset sale per year, and/or some debt
- 100 million shares outstanding, 75 million not owned by HOOPP
So basically they can buy out the non-HOOPP float at this rate in under 6 years. As long as the private valuation does not go down considerably this is probably going to be easy
In fact if they do a NCIB for 6 years at $13 the NAV / unit will basically go to $30 and beyond