Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Mattr Corp T.MATR

Alternate Symbol(s):  MTTRF

Consumer Cyclical Home Furnishings & Fixtures
Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection Technologies. Composite Technologies segment consist of two operating units: the Xerxes business, which manufactures fiberglass reinforced plastic underground storage tanks primarily for the retail fuel, storm water and wastewater markets; and the FlexPipe business, which manufactures flexible fiberglass reinforced composite pipe used for oil and gas gathering and water disposal lines and carbon dioxide injection lines. Connection Technologies segment supplies specialty wire and cable and integrated heat shrink solutions.


TSX:MATR - Post by User

Mattr Corp > Strategic
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(974)
•••
Comment by Maxmoeon May 18, 2021 1:02am
93 Views
Post# 33220206

RE:RE:RE:Strategic

RE:RE:RE:Strategic

Possiblebooboo second bullet. How is an NCIB used to raise cash? The company uses cash to buyback shares. 

Possibleidiot01 wrote: Here's the answer to your question ; note that it has to be approved by the exchange
 

What Is a Normal-Course Issuer Bid (NCIB)?

A normal-course issuer bid is a Canadian term for a public company's repurchase of its own stock in order to cancel it. A company is allowed to repurchase between 5% and 10% of its shares depending on how the transaction is conducted.Key Takeaways

  • An NCIB is a stock buyback program used by companies listed in Canada.
  • The NCIB is used to raise cash, force the share price higher, ward off a takeover, or some combination of all of these.
  • The NCIB must be approved in advance by the exchanges.



<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities