RE:RE:RE:RE:GH Q2 2023Recent NR clearly spelled out their capital management priorities and they included debt reduction and NCIB and dividends....
Sounds like status quo for awhile....
malx1 wrote: TheBridge wrote: I suspect that with the new NCIB approval that they will continue purchasing and cancelling shares until the share price reaches a point that it's not financially fisable to continue, that would then hasten the dividend increase or it could also lead to larger reductions of outstanding debt, or both. But it sure is looking, as Malx1 has stated, that the share price should be crossing into the $10 range likely faster than what it appeared like last month. Probably last chance to add in this price range.
TheBridge has been correct about GH this whole time.
If NCIB really gets going again, this $9 share cost is a blessing for all of us shareholders.
GH could buy 1,000,000 shares at $9, for an asset worth $13-14;
that's a $4-5mm value capture.
If the stock market is this inefficient, then NCIB work can be used to exploit the inefficiencies.
More shares cancelled means a larger stake in the business for existing shareholders.
We
ALL BENEFIT EQUALLY on a per-share basis.
This is Value Investing 101.
Buffett would be proud.
TLV too.