Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.

TSX:SPB - Post by User

Superior Plus Corp > Repurchase Calculator = ~90,000 Per Day

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Comment by InvestSmarteron Nov 06, 2024 6:40pm

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Post# 36299882

RE:RE:Repurchase Calculator = ~90,000 Per Day

Current NCIB is in place until the 9th, and they have 0% of 5% ncib. They can max out repurchases starting tomorrow then renew at the full 10% on the 11th/12th. Its fast to get these approved.

135 Million a year in repurchases...

Superior expects to purchase under the current NCIB prior to its expiry and is in the process of applying to the TSX for review and approval of the renewal of its NCIB to allow the company to purchase Common Shares representing up to 10% of the public float

BSdetector2016 wrote: Potentially a lot of buying pressure, but it won't happen until the NCIB is approved. I think the stock will tank until SPB reports that the NCIB has been accepted for 10% of the shares OS.

InvestSmarter wrote: $135M ÷ $7/unit = 19.28M / $7 per unit = 87,700 units a day. Roughly 90,000 per day

This is a lot of buying pressure.

SPB generates around $1.50 cash flow, with most cash coming in Q4 and Q1. It is trading around 4x free cash flow plus it's growing.

"Separately, our decision to redirect 75% of our annual dividend payments, approximately C$135 million, to share repurchases will enhance per-share value and significantly increase our financial flexibility in the long term. This approach gives us greater ability to accelerate de-leveraging and fund investment opportunities when the time is right. We’re confident these steps will create lasting value for shareholders," MacDonald continued.