Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRXF | BDRAF | BDRBF | BOMBF | T.BBD.B | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF

Industrials Aerospace & Defense

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.

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Bombardier Inc. > New strategy of BOD

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Comment by BBDB859on May 07, 2022 6:56pm

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Post# 34664868

RE:RE:RE:New strategy of BOD

Hey Ralph.

Hey Ralph.

It's interesting that they put this NCIC in place. I have a feeling that they put this in place to try and make sure that the Shorters don't try to Hijack (pun intended) the share price again at higher levels. By sending the signal saying to the market, that they'll buy our shares for a premium anytime. By doing so, they want to let the shorters know that they mean business. I still think it's not PB's idea though. He's just not that bright. I feel that they got this advice outside of their circle.

raphaelle2 wrote: This approach of NCIB is being used very successfully by BRP since the beginning with the participation of Bain Cap. IMO a robust RS is a prerequisite to such an approach, like the 25/1 consolidation, which will bring the float and SP in the right ballpark figure. Just lets check if the institutional investment in BBD can move from the present 12% to 80+% like with BRP. Glad to see that the BOD is taking control. ( Tks to PB maybe, hey 859! ) GLTA.

BBDB859 wrote: What is "NCIB"

"A normal-course issuer bid is a type of buyback strategy used by publicly traded businesses. In this strategy, businesses approach shareholders to buy their outstanding shares, which are then canceled. To help get the shares, businesses may be willing to pay more than the share’s actual worth when pursuing this type of bid."

This so interesting that the Bomber is doing it this way along with R/S of 25 to 1.

In essence what they are saying to the Existing Bomber Shareholders is that. Hey we'll buy your shares for this HIGHER price even though the SP on the Exchange is this. It's a buy back of some kind. Or Mr. Shareholder, if you don't sell us your shares, we'll do the Split if you don't take this offer.

Let's think about that.

Sorry but I gotta go right now. But Let me mull it over in my head first. To see what it really means

borrock wrote:
BRIEF-Bombardier’s Board Of Directors Approves Share Consolidation And Renewal Of Normal Course Issuer Bid

May 6 (Reuters) - Bombardier Inc:

* BOMBARDIER’S BOARD OF DIRECTORS APPROVES SHARE CONSOLIDATION AND RENEWAL OF NORMAL COURSE ISSUER BID

* BOMBARDIER - CURRENTLY TARGETING TO IMPLEMENT SHARE CONSOLIDATION AND RENEWED NCIB IN JUNE 2022

* BOMBARDIER - BOARD APPROVED PROCEEDING WITH CONSOLIDATION OF ISSUED & UNISSUED CLASS A & CLASS B SHARES AT A CONSOLIDATION RATIO OF 25-FOR-1 Source text for Eikon: Further company coverage: