Eurocontrol Technics Ord EUCTF

Technology Computer Systems

"Eurocontrol Technics Group Inc is a Canada-based company involved in acquisition, development, and commercialization of security, authentication, verification and certification markets. The company through its subsidiaries is engaged in designing, manufacturing, marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems, and developing technology and property that combines two-dimensional (2D) and three-dimensional (3D) image processing technology respectively."

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Eurocontrol Technics Ord > Share Buyback

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Comment by Spiegel62on Aug 03, 2016 12:13pm

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Post# 25106617

RE:Share Buyback

kidl2 wrote:

If this trade turns out to be part of the NCIB, then whoever is in control of the NCIB needs to back off and hand control to someone who actually knows what he is doing.

Recent Trades - All 2 today

Time ET Ex Price Change Volume Buyer Seller Markers

09:30:00 V 0.165 3,000 62 Haywood 1 Anonymous

09:30:00 V 0.165 7,000 62 Haywood 7 TD Sec

Excluding these 10,000, EUO so far bought back 513,000 shares at a cost of $94,880 or $0.185/sh. All of these buybacks took place while SICPA was still accumulating shares. In other words, EUO was competing with SICPA for its own shares and thus ended up paying a 16% “premium” compared to the current SP.

The only purpose / justification for a NCIB is to reduce the number of outstanding shares at or below fair market value.

EUO / its BoD seems to be somewhat confused as to the actual fair market value. If they deem it to be $0.185/sh or higher, they should be buying shares right now like there is no tomorrow. If they deem it lower than $0.185, then they have not acted in the best interest of shareholders and owe shareholders an explanation for their “confusing” share buyback activities.