RE:RE:Nobody gonna mention the 5% share buyback starting the 16th?1 - HR has not had an active NCIB for a long time. It is very unlikely they just created one for no reason. They are not the typical company that creates a NCIB to not act on it.
2 - HR would not create an NCIB for no reason, just before a spin off. If it was a NCIB for nothing, they would have just done it after the spin off so HR and PMZ could create their own NCIBs.
3 - HR has been waiting for the spin off approval to start buybacks. The spin off is confirmed, and now they can start spending money and buying units back cheap before the spin off closes the GAP.
Look out for insider buying this week.
alkhor wrote: It is not a share (unit) buyback but the ability to do the buyback. From what I've seen, 90% of the time a company announces a buyback they do nothing except renew the buyback the next year.