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Bullboard - Stock Discussion Forum Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based company, which is a distributor and marketer of propane and distillates and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane... see more

TSX:SPB - Post Discussion

Superior Plus Corp > From Globe & Mail this AM
View:
Post by SuperM on Sep 19, 2023 9:43am

From Globe & Mail this AM


Superior Plus Corp. (

SPB-T -1.20%decrease
 
)

 

On Sept. 8, Pat Gottschalk, who sits on the board of directors, bought 50,000 shares at a cost per share of US$10.1868, increasing the holdings in this particular account to 100,000 shares. The cost of this investment totaled over US$509,000.

On Sept. 11 and 12, chief financial officer Grier Colter invested over $200,000 in shares of Superior Plus. He bought a total of 19,200 shares at an average price per share of roughly $10.44 for an account in which he has control or direction over (Jill Allison Colter), increasing this specific account’s position to 48,657 shares.

The company pays its shareholders a quarterly dividend of 18 cents per share, or 72 cents per share yearly, equating to a current annualized yield of 6.6 per cent.

GLTA
SM

Comment by Freezerburn on Sep 19, 2023 11:15am
These guys should be investigated for driving the price up.
Comment by Detailoriented1 on Sep 20, 2023 6:33pm
Sorry.  That is a joke, right?  Directors buying shares is a good thing.  And using actual money to buy them on the market rather than being granted options to buy them and then exercising when they are well in the money and pocketing the difference. They didn't drive the price up, they put their money behind their beliefs and knowledge and as a director they have a small ...more  
Comment by bttmfischer on Sep 22, 2023 2:33pm
Not a joke if you short a lot.
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