RE:Share Buybacks & Use of Cashlongrun86 wrote: I will start out by saying that this post contains "speculation" on my part.
An interesting point was made with the release of the Q2 results. Knight had made no further purchases under the NCIB. While the share price had appreciated somewhat, I don't think that it moved too far out of "value" territory.
Given the comments made by Management and the strategic use of capital, I believe that Management has identified better opportunities for the deployment of the current cash balance through both organic and in-organic opportunities. Time will reveal if this is in fact true.
The other potential view is that they view the "investment & loan" portfolio as requiring a bit more time to play out and reach maturity where they can realize the value and convert to cash.
I look forward to seeing Knight grow and make strategic investments in the coming quarters.
LR
True Longrun.
During the conference call, I think Samira also indicated that she was interested in beefing up assets for Canada and Mexico - seemed like that was her priority right now.
I could see GUD focus cash spend on acquisitions - if they are seeing opportunities. Makes sense.