TSX:AX.P.E - Post by User
Comment by
babybunnyon Sep 24, 2022 12:59am
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Post# 34983769
RE:ARTIS NCIB
RE:ARTIS NCIBIf the maximum number of shares has been repurchased, then the NCIB is complete and it is time for renewal. No need to wait for Christmas to roll around. At least this is my understanding. I have seen other companies apply for and receive early renewal of NCIBs.
Artis management are smart enough to know this. The only sensible explanation is that they are planning a SIB in the coming weeks, and don't want to drive the share price up beforehand.
If they were to waste the opportunity to repurchase over the next couple months, I would have second thoughts about Artis.