GREY:ISYRF - Post by User
Post by
humppyuson Jun 27, 2018 6:09am
75 Views
Post# 28234592
ITC Has Re Purchased Approx 200K Since April 1, 2018
ITC Has Re Purchased Approx 200K Since April 1, 2018For fun I counted the number of share repurchased since April 1, 2018 by ITC. Not including Tracy's purchase it appears to be 200K Shares or almost 1% of the Shares Outstanding. While I didn't do a cost average my guess is the average would be 1.40 per share since April 1. Which would translate into a total dollar cost of $280K which is about .01 per share from the bottom line.
They might be expecting a good Q2 hence feeling free to spend that amount of money on share buybacks. If they were close to the wire on a Profit vs. Loss Q2 you think they might hold off on the share buybacks because they would want the cash on the bottom line instead.
https://www.canadianinsider.com/node/7?menu_tickersearch=ITC+%7C+Intrinsyc+Technologies
You will have to have an account to see filings back to April 1, 2018.