TSX:STB.DB.A - Post by User
Comment by
BlueCollar51on Jun 03, 2015 12:04pm
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Post# 23793311
RE:Company bought back 30,000 shares yesterday
RE:Company bought back 30,000 shares yesterday
No they didn’t !
“May 27/15 Student Transportation Inc
Direct Ownership Buy under company plan Common Shares USD 5.02 29,832 4.4% 708,023”
A couple of years ago they bought some shares on the “public market” under an NCIB but they never cancelled them which I found strange. The usual purpose of an NCIB is to reduce the share count…..
That was one of the reasons I sold my position in January.
It looks to me that they have actually increased the share count by another 29,832 and for some reason that I don’t understand they now own 708,023 STB shares.
As Always; Do Your Own Due Diligence; It’s Your Money !!