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Algoma Central Corp T.ALC

Alternate Symbol(s):  AGMJF

Industrials
Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.


TSX:ALC - Post by User

Algoma Central Corp
Bullboard Posts
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(10)
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Comment by dangoodon Aug 20, 2019 7:14pm
157 Views
Post# 30048534

RE:RE:RE:RE:RE:RE:RE:Special dividend

RE:RE:RE:RE:RE:RE:RE:Special dividendINK Research does an "Insider News" report which I can access through my broker. It shows Algoma buying back stock and while most months are limited it shows this in June:

Jun 30/19 Algoma Central Corporation Direct Ownership Buyback, redemption, or cancellation Common Shares 13.30 -191,600

So somehow they did achieve more than a cursory purchase of their own shares in the market.
Bullboard Posts
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