Supremex Inc T.SXP

IA picks up large block.. well well

[hawkowl1]

House Positions for SXP from 2022-06-08 to 2022-06-08

House		Bought	$Value	Ave		Sold	$Value	Ave		Net	$Net
76 Industrial Alliance		177,800	648,959	3.65						177,800	-648,959
89 Raymond James		17,000	62,050	3.65						17,000	-62,050
19 Desjardins		300	1,086	3.62		100	365	3.65		200	-721
85 Scotia		2	7	3.50						2	-7
2 RBC		500	1,825	3.65		500	1,825	3.65
14 ITG		10	36	3.60		11	39	3.55		-1	3
33 Canaccord		1	3	3.00		2	7	3.50		-1	4
36 Latimer						1	3	3.00		-1	3
1 Anonymous		500	1,825	3.65		900	3,284	3.65		-400	1,459
7 TD Sec						900	3,276	3.64		-900	3,276
79 CIBC		2,700	9,855	3.65		6,400	23,350	3.65		-3,700	13,495
80 National Bank		16	57	3.56		190,015	693,554	3.65		-189,999	693,497
Total		198,829	725,703			198,829	725,703

[2young2invest]

Eah, in one day at $3.65, pretty agressive, I wonder why.

[2young2invest]

They are still buying, now at $3.59, almost 200k shares in one day!

[HermannHaller]

8x the average daily volume! Obviously, well beyond what the NCIB is allowed to do in a single day. It's possible that an institutional buyer came in, after seeing the Transcontinental results. Just a theory. Transcontinental Inc. Announces Results for the Second Quarter of Fiscal 2022   June 08, 2022 10:47 ET  | Source: Transcontinental Inc. Highlights  

[2young2invest]

I guess, we should wait till they file SEDI report.

[HermannHaller]

Seeing insider buying confirms that they still support SXP, and that the big holders still have good liquidity. Hopefully will be a catalyst to get this stock moving again.

[Possibleidiot01]

Supremex Inc. (TSE:SXP - Get Rating) insider The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07 purchased 39,000 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average cost of C$3.40 per share, with a total value of C$132,600.00. Following the purchase, the insider

[hawkowl1]

Herman I appreciate your post on Trans Continental...Good info

[HermannHaller]

No problem. I think TCL is an interesting comparison, as it has a similar mix of packaging business and traditional paper business like SXP. Although TCL has some regulatory problems with its flyers which SXP doesn't need to worry about. RBC writes in a report that TCL is cheap because it is only 5.5x EBITDA. SXP would have to be $6.30 to trade at 5.5x EBITDA!

[2young2invest]

another 74k today