Corus Entertainment Inc. T.CJR.B

Breakdown of share buybacks since January 2022

[YassineNoBS]

Breakdown of share buybacks since January 2022 (8,876,900 shares in total)

January: 300,000

February: 899,600

March: 395,000

April: 500,000

May: 3,223,000

June: 1,454,600

July: 874,700

August: 445,000

September: 435,000

October: 350,000

 

Shares bought by directors and senior officers of Corus:

Julie Marie Shaw: 103,705

Carol Shaw: 819,348

Douglas Donovan Murphy : 301,675

Margaret O’Brien : 8,898

Barry Lee James : 84,536

Sameer Deen : 69,298

Charmaine Crooks : 5,289

Stphanie Coyles: 61,511

[yureja28]

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[toppgunn]

Very good information.  Thanks.  

[Spicyinvestors]

Thanks so much , so that comes out to 8 876 900 shares repurchased ytd till now excluding November and with that corus now saves 2 130 000$ (8 876 900* 0.24$ ) per year in dividend payments . Keep us uptaded for November and December please it would be much apreciated thanks again ! 

[YassineNoBS]

They usually file the reports around the 9th of the following month. They might stop the buybacks going forward to focus on investing in the implementation of the Pluto TV streaming platform and accelerating debt payments. All options will have a positive impact on their cash flow. Patience will be rewarded. I will keep an eye on the numbers.

[toppgunn]

I'm sure the best approach on review of the company takes into consideration of all those  indicators ib annual basis e.g. interest payments, debt repayment, dividends per year at .24, share repuchase buybacks.  The company must take review of revenue streams and implementaion of new streaming platforms e.g. Pluto TV.  Hence, all these variables have an important part of the

[Puma1back]

I would suggest the biggest bang for the buck isn't buybacks, it would be a dividend cut - just that the reajlting  bang would be a hugely negative ban. So they should be stopping the buy back's regardless the current price unless they absolutely know it would not impair the dividend stream  

[Quintessential1]

I respectfully disagree.  A dividend cut provides bang for the buck for one entity the comapany itself and not necessarily the most bang for the buck. What needs to be remembered here is that for every share bought back and cancelled the dividend is not paid.  Couple that with the fact that the share price is trading at lows not justified by the balance sheet and CJR becomes a bargain

[Maxmoe]

It's almost like buybacks and dividends are "old news", so, so, popular 6 months ago. Now, in case nobody here noticed, the market, the press, the shrieky wheel investors , all want to see debt reduction instead. It is a more attractive alternative than it was when rates were much lower, but with yet another rate hike on the horizon, paying down debt seems the prudent thing to do

[toppgunn]

What was the share buyback for Nov 2022?  

[toppgunn]

Corus Entertainment Inc. Insider's Relationship to Issuer: 1 - Issuer Transaction Date Transaction Nature Volume or Value Price Account Balance Security Type: Non-Voting Shares Class B (Direct Ownership) Oct 28/22 38 - Redemption, retraction, cancellation, repurchase

[toppgunn]

I have the share buyback all the way up to October but can't find any information for November.  Perhaps, either the release of information is early or there were no shares repurchased.  

[Puma1back]

Well , talk may be of buy backs but at JP Morgan it is about selling this month: Broker Positions for C:CJR.B Broker #222 from 20221201 to 20221209 Date Bought $Val Ave Sold $Val Ave Net Position $Net $Position 20221205 0   296,200