Amazing purchases under the NCIBInterfor repurchased 2,955,529 sahres in March at an AVG price of $38.75.
They even paid as high as $41.74 witch will be 1.3 time book at the end of Q1
In two months, they have bought 81% of the NCIB
There is only 1,139,219 shares available under the existing NCIB.
It will probably be completed by mid April.
It's amazing that they have reduced the share count by 14.4% since Q1 of 2021 and
17% since Q3 of 2020.
There will only be 54,762,476 share outstanding by the end of Q2 down from 67,274,476.
Amazing to say the least.Without having paid a single $, i will have 19% more ownership
of this company.
And what's more amazing, it's that, they did that without incurring any debt and increasing
the production capacity per share by 82%.