Largo Inc T.LGO

Stock Buy Back

[NewAgeMetal]

Load up boys 
I don't know if I agree with parting with 30M, given what's on the horizon in terms of macro fundamentals but a buyer of 50-100,000 shares on days like this might help slow thr fall

[ceetong]

They can't. They are limited to ~24.5k shares per day and they can not buy on an up-tick. Also, they can not buy at the open or during the last half-hour of trading.

[kha341]

I have a feeling that there was some buyback done today. Via which broker would Largo do  the buyback? Would it be done under "anonymous"?

[ceetong]

The company has to report its purchases to TMX on a monthly basis and you can buy that data from TMX: https://www.tmxwebstore.com/products/tsx-ncib

[ceetong]

Check out sections 628 and 629. TSX Company Manual

[Clipper2]

Thanks ceetong. According to Investopedia. How are share buybacks accounted for? Companies generally specify the amount spent on share repurchases in their quarterly earnings reports. You also may get the amount spent on share buybacks from the statement of cash flows in the financing activities section, and from the statement of changes in equity or statement of retained earnings.

[kha341]

Clipper, You are right. It’s obvious that share buyback is not a secret. It’s public information. The repurchased shares are reported separately and called “treasury stock”.  Btw, the questions I asked (“Via which broker would Largo do  the buyback? Would it be done under "anonymous"?) were about “real time”, 15-minute delay or on the same day it happens. 

[ceetong]

Your question had been answered in the Company Manual. "the listed issuer, directly or indirectly, has control over the time, price, amount and manner of purchases or the choice of the broker through which the purchases are to be made. [...] Within 10 days of the end of each month in which any purchases are made, whether the securities were purchased through the facilities of TSX or

[ceetong]

Even if you knew who Largo's denominated broker is, it wouldn't tell you how many shares have been bought back as Largo isn't the broker's only client. The numbers are reported on a monthly basis to TSX and you can buy the data OR you have to wait for the quarterly report where the numbers are reported as a 3-months-aggregate. The shares bought back will be cancelled. "has