Post by
SleepingGiant64 on Apr 02, 2024 2:09pm
Buybacks filed
Chorus filed 938K in share buybacks today. They started March 7 and would represent a pace of about 8% of shares outstanding if sustained.
The Nov NCIB can buy 15,160,372 shares and no more than 75,688 per day. They hit the max for a handful of days but slowed to 50,000 shares at the end of the month.
During the prior year's NCIB, the company bought 9m shares at an average of $3.25.
You would hope go flat out to get to at least that much by November, given the current share price. It would only cost them $20m to buy 10m shares at current prices.