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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Post by Digger0144on Apr 09, 2024 5:30pm
361 Views
Post# 35980035

Normal Course Issuer Bid...Alive and Well!

Normal Course Issuer Bid...Alive and Well!The transformation continues...positive cash flow...one of the healthy signs of a balance sheet.

Management was busy in the last week of March, 2024.

They bought back 400,000 shares in a range  from $5.70-$5.92...for the period March 22, 2024 to March 28, 2024.  There might of been more earlier in the Month.

I will post a link to a free site namely, Canadian Insider.  They post the last 10 SEDI Filings...again there may of been more in the post period.


Converge Technology Solutions Corp. CTS Stock Quotes and Insider News | Canadian Insider

In early May, 2024 we will get the facts regarding positive cash flow for the first quarter of 2024...I do expect that the numers will be substantially subdued from those of the second half of 2023...but..they should be good!

I began building a position yesterday...the consolidation period has been very healthy and very much expected in my opinion...I did sell my entire position just above $6.00 a share.

The break out point seems to be around the $6.00..that is where the resistance seems to be...any significant break out above that will be very bullish.

Stay Tuned!

All the Best!
Digger0144




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