DC.A Substantial Issuer BidDC.A announced a $20M SIB from $1.40 to $1.60. I would have liked to see a larger buyback but $20M is still very significant and another step in the right direction from a capital allocation perspective.
Of course they can amend/upsize this SIB similar to what they did with the recent pref SIB. I think they will leave powder dry for additional buybacks in the future.
With this move, Goodman ans Sellars still have a perfect batting average on capital allocation, in my view.
https://stockhouse.com/news/press-releases/2020/11/23/dundee-corporation-announces-intention-to-launch-a-substantial-issuer-bid-for