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

Comment by rustybladeson Jan 12, 2020 11:07pm

158 Views

Post# 30545058

RE:RE:Buyback

Liquidity also matters if you want to buy. Low liquidity equals greater spreads between bid and ask. I also disagree on the 10,000 share number. Buying or selling 1,000 shares can be a problem depending on the timing. A problem some days, not a problem on other days.

The liquidity doesn't bother me as I'm holding for the privatization.

Maxmoe wrote: Liquidity only matters if you want to sell. It's also not a problem unless you own at least 10000 shares. I've been out since last May, but I took a piece on today when it finally came down to my price. I expect another special dividend when Q1 is announced in May.

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