RE:Share BuybacksC32BTT wrote: Does anyone know how many shares were bought back?
Also, are they still buying back shares? Seems like it all stopped.
https://canadianinsider.com/node/7?menu_tickersearch=gpw
That top line, -499K looks like they retracted 500K shares back to treasury after the buyback (some of which is those 9 lines below it in green indicating a purchase). They haven't done any purchases in a month but still spread it out to relatively recent dates. The total repurchase is supposed to be around 3.5 million shares in a year starting December 2014 so they have made good progress and have a ways to go.
Looks like they buy mostly between 5 and 6 cents so that should provide a floor but why they don't go after that ask at 7 for just a penny or two more is news to me. If they want they could fill the rest of the 3 million shares up to 10 cents probably. That's only $300K. Maybe that will be the plan when the December 2015 deadline nears and the opportunity still exists. But I guess for now it makes sense to fill their bids to get as many shares as cheaply as possible.