Gamehost Inc T.GH

When the fish aren't biting, the Whales play....

[malx1]

Kasking quiet lately.

Maybe involved in these blocks.

150k deal.

Nice

[nukester]

hope those show up as "38 - Redemption, retraction, cancellation, repurchase" on sedi in June.

[malx1]

Very good odds of that, sir. Better than 80%.

[BarstoolSage]

Have to think this is some kind of co ordinated trade. It likely exceeds the allowed daily limits limits...that is a huge block of shares where the average volume is about 10% So someone wanted a big stake, and someone with a big stake were (likely) talking.... I am very happy with such a trade at that price....those are sophisticated investors playing in our yard

[malx1]

Wise Sage, we know of a business that is generating more than $2mm excess capital each quarter. Team here plan in advance, they have daily tallies of income and expenses. If consumer remains resilient, yes, the buyer was likely GH. It's a darn good Financial Plan. The old Value Capture. Buy $2,100,000 of your own assets for the 'market cost' of $1,552,500 plus some minor

[BarstoolSage]

Not sure I agree this 150,000 block was NCIB activity. GH is restricted in its daily buys...25% of average 6 months daily volume. (25% of 13k or so)....this block exceeds that by a factor of about 45. Allowed say 3250 shares a day....and SEDI confirms that scale of purchasing ability.....could be limited to 2400 per day looking at purchased daily amounts.  Still we can infer two

[malx1]

Pretty sure we've been over this in the past. Yes, there are daily limits of approx 2,400 in the open market. There's also weekly exemptions for Blocks of shares: "Block Purchase Exception There is an exception to the TSX daily limit under which a listed issuer may make one “block purchase” per calendar week which exceeds the daily limit. The TSX Company Manual defines “block

[BarstoolSage]

Ah....see, what they say is true.. A little information is a dangerous thing :) Thanks for the information. Let's see what SEDI shows in a few days

[malx1]

There's a chance it's a very well-heeled household who has a $50mm portfolio at Acumen. But I'm an odds guy, like Kasking, and I'd bet that GH is the more likely buyer at this point in time. Wouldn't be surprised if the BC/AB wildfires shook loose some shares. Cheers

[malx1]

Sage - our June SEDI update likely to arrive in 4 weeks. End of first week of July.

[BarstoolSage]

Yuck...I use CEO to access these reports...and until I looked just now, I thought these were filed throughout the month....another thing learned!

[malx1]

Hey Sage, your comment reminded me of how dangerous "a little information" can be for the average Canadian equity investor. One book of customers that was especially challenging when it came to expectations, cost-aversion, and below-average market knowledge enticed me to mine some data on their 10yr investment returns. In general, here's what I found: Clients/customers who

[TheBridge]

Malx1, thanks for this posting. Gave me a chance to learn something new and review that which is trying to evade my memory. I feel pretty confident that the NCIB is at work and that GH is fairly confident that along with debt pay downs these $10 shares are going to be arriving at your predicted $12 - $13.50 range within a year.

[TheBridge]

Just to clarify my last post,  I was referring to the daily NCIB limits and the block share regulations.

[malx1]

You bet, gents.   Another way to look at it: If GH sought to buy 10% of total Shares Outstanding, say that's about 2,000,000. If they were restricted to 2,400/day, at 200 business days/yr, they could only gather up 488,000 Hen's Teeth during 12mo term.    So the only way to pull off an astounding Value Capture of meaningful proportions is to grind out the daily 2

[malx1]

TheBridge, I get my price targets from Kasking. He's always correct in the long-run. Yes, $14 seems reasonable if we aren't facing deep recession. If/when dividends are higher, there's good odds of exceeding the $14 mark. Practicing that "Hurry up & Wait" investment strategy.