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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Post by ferret_caon May 19, 2021 1:27pm
123 Views
Post# 33230801

NCIB

NCIBNCIB reporting rules for the tsx state that the company has 10 bus. days following the month in which they repurchased shares to report the transactions and cancellations of said shares.  thanks to coops for reminding me of this, I had totally forgotten when I previously posted they weren't buying back, we simply don't know yet if they have repurchased any in may,  their IR might tell you if you call them.

so wef's current  ncib is from aug 7/2020 to aug 10/2021.
it is for 5 % of o/s shares which is a total of 18,759,,858  shares
they repurchased  0 shares in 2020
they repurchased 0 shares in jan and feb 2021
they repuchased 1,295,000 shares from mar.17-31/ 21
they repurchased  2,537,448 shares in april/21

so that's 3,832,448 shares out of a possible 18 + mil. shares that we know of, we'll find out soon enough about may, regardless they have a ton of room to buy more until expiry on aug 10 ( which I assume will be renewed) , I doubt the get close to using it all up as they are limited ato how many they can repurchase daily ( I think it's about 25% of average daily vol, but not sure of the time period used for the daily average, so far it looks like it's been 145k but vol has sure spiked recently, lol)

hope this helps anyone interested,   cheers  ferret

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