TSX:IBG.DB.E - Post by User
Post by
Oakboy1110on May 30, 2020 3:08pm
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Post# 31092138
Some thoughts of share price of IBI Group
Some thoughts of share price of IBI GroupPossible changes that could impact positively the share price of IBI Group
1. Initiate a dividend - even 2 cents a quarter would not break the bank.
2. Get normal course issuer bid approved. Do not need to buy back shares but if necessary could put a floor on the price.
3.Review divesting of the UK business--poor performance for the last 3 years - 3 strikes and you are out.
4. Increase awareness of the company (A start last week with three announcements)
5. Is debt an issue? Net bank debt at 12/31 was approximately $35 million and the carrying value of the debentures approximately $40 million. Get the share price up to $8.35 and that $40 million becomes equity.
6. Very cautious acquisitions
ANY OTHER IDEAS