Superior Plus Corp T.SPB

Re.....overhang

[mikes3bikes]

Today not looking good either, anyone know?

[Freezerburn]

ex div

[ol_griz]

.41 on a .06 div.  Figures.

[bttmfischer]

Yes, it's called "new math".

[Schussing56]

Well, the rising interest rates environment is supposed to, theoretically, cause people not to spend as much money because they can make a lot of money by investing. Hence, prices are supposed to come down but, I'm not sure how much of an effect it will have on necessities such as heating propane. I don't know why the sudden drop in SPB's share price? Following the general market maybe

[Duffbeer]

Does anyone know the reason in drop of price?

[sergio2go]

The mild weather must be the reason of the sp decline. 

[newcoin]

No idea? Q4 and Q1 are usually very good. February 17th for Q4 results.

[ol_griz]

Possibly, though cold weather never seems to be a factor to the upside.  Maddeningly.

[sergio2go]

At least, Brookfield his still around...no selfoff from there part. Must be a good thing.

[bttmfischer]

Marquard & Bahls still have their huge number of shares as well.

[pennydredful]

could  be  that  those  holding  the stock in the private company they are merging with  are  shorting  stock   anticipating  the merger.  They   can  hedge   themselves   now  and   beat  other  similar shareholders  to   the   EXIT  DOOR. 

[newcoin]

I don't understand the play? Would you explain? Even though I don't understand it, it sounds like the best explanation yet. LOL!

[Schussing56]

Superior Plus Corp: Canaccord Genuity cuts target price to C$12 from C$13, citing significant impact on the company’s propane demand due to warmer weather conditions across North America.

[sergio2go]

This is what i suspected. Although, SPB remains a great long term investment and it seems that there is no divident cut expected. It's fine by me.

[newcoin]

There's more to it than one analyst downgrade. This is really wierd? WTF??

[Baystboy07]

Deal is supposed to close at Q1...there was a ton of stock issued at $10.25 as part of the deal...deal has either closed or firmed up to the point where it is virtually certain it will close...I think it is sellers from the new acquisition shares GLTA

[newcoin]

That makes perfect sense. They can sell it down to $10.25 and then cover.

[bttmfischer]

This was the first large block sold in the am, for quite some time. It had to be an institutional disposal. The question is what made them do it? There was no insider selling that I was aware of, so this is a mystery.

[pennydredful]

former  president   was  leaving   DEc    31st    .   He   may  have had  a lot   of    options   he  was   exercising . A   departing   executive   has   30  days   to   exercise   his options 

[newcoin]

Thanks, penny, for laying out the possible options here. This caught investors by surprise. It will be over soon. Likely a great chance to buy?  

[pennydredful]

very   few   shares  one  can find  yielding    7%   .  HIGH    temp  here  in  a day  or two  minus 22   . Cold   Vortex   may resolve    problem  

[Experienced]

The company PRs clearly state that Desjardins will be staying on BOD until July 31 2023 so your hypothesis doesn't fit the facts. What is more likely is that the Certarus deal involves the distribution of $500 million in shares priced at 10.25 for a deal expected to close in the first Q of 2023.  Given that the price today closed at 10.25, it is more likely that this deal has in fact

[bttmfischer]

Interesting theory Experienced, and it is possible. The future will unfold, and we shall find out the real reason. Maybe.

[Baystboy07]

  They can go lower...remember $10.25 is the buyout price...but reality is the cost base of their shares in the selling company is probably much lower.

[pjn0987654321]

That's what it was.  Canaccord downgrade coming, and the ones who knew it was coming sold before the announcement.  Canaccord still has a surprising amount of influence for just another analysis company. 

[pennydredful]

Based  on personal  experience  ,  I  would recommend  no one have an account  with Canaccord. 

[bttmfischer]

Wilan Inc (which crashed and burnt almost a decade ago) was heavily involved with Canaccord. At that time there were some rumours about the two. So, I woulg not trust those for a nanosecond.

[newcoin]

Same strategy that penny was talking about. Different wording?