GREY:CRIUF - Post by User
Comment by
yggdrasilllon Mar 24, 2018 11:26am
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Post# 27775229
RE:WAITING GAME
RE:WAITING GAMEThe NCIB will certainly help, but I doubt it'll make the shorts go away entirely. They will be able to point to Crius's dwindling customer base all year, as the company has indicated they will lose some of their lower margin customers. As there is no way of proving they are losing lower margin customers, the shorts will always have something to attack shareholder confidence. Add in a volatile market thanks to the doofus in the White House, and it seems to spell difficult times ahead. Interest rates are rising, too. Hopefully the NCIB helps lower the payout ratio, because it's at a good level now, but continue increases will also play in the shorters' hands.
Sukhi19 wrote: It may take another two weeks or so for the NCIB procedural process to be completed.
Till then unit price will stay under pressure. With a particular seller/sellers from #80 selling constantly and always at a lower price, it would be difficult for unit price to rise. It makes an effort but again it is pushed down. National Bank participated only at $9.80. Selling at these prices does not make sense (unless it is a short seller). There are buyers as spike to $7.48 at 03:47 PM indicated but sellers were quick to off load to again pull the unit price down.
Loomimg trade war is playing havoc with markets.
KWH.UN will also get affected if the whole market is getting smacked.