Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.

TSX:CFF - Post by User

Conifex Timber Inc > Substantial NCIB @ $2.25

<< Previous

Bullboard Posts

Next >>

Comment by lifeisgood1010on Nov 09, 2021 11:24am

169 Views

Post# 34104964

RE:Substantial NCIB @ $2.25

By the lattest major shareholders i could find,this is a tightly held company.The top 4 shareholder have about 43% of outstanding shares.

I can only explain that the discount is based on perception that there will be more than 4m
shares tendered.

But in the long, this is a very good move from management.If lumber stay at healty level,
buying way below book seems to make sense to me.

Just bought in for the first time in CFF

Shareholders

Name	Equities	%
Polar Asset Management Partners, Inc.	8,673,747	19.4%
Blue Wolf Capital Partners LLC	7,036,526	15.7%
Aegis Financial Corp.	2,040,745	4.57%
Kenneth A. Shields	1,642,739	3.68%
David E. Roberts	576,277	1.29%
Mackenzie Financial Corp.	374,400	0.84%
Jordan Neeser	310,000	0.69%
Andrew Mclellan	289,150	0.65%
Dimensional Fund Advisors LP	146,880	0.33%
Winny Tang	130,958	0.29%