Eurocontrol Technics Ord EUCTF

Share Buyback

[kidl2]

If this trade turns out to be part of the NCIB, then whoever is in control of the NCIB needs to back off and hand control to someone who actually knows what he is doing.

 

Recent Trades - All 2 today

 

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
09:30:00	V	0.165		3,000	62 Haywood	1 Anonymous
09:30:00	V	0.165		7,000	62 Haywood	7 TD Sec

 

Excluding these 10,000, EUO so far bought back 513,000 shares at a cost of $94,880 or $0.185/sh. All of these buybacks took place while SICPA was still accumulating shares. In other words, EUO was competing with SICPA for its own shares and thus ended up paying a 16% “premium” compared to the current SP.

 

The only purpose / justification for a NCIB is to reduce the number of outstanding shares at or below fair market value.

 

EUO / its BoD seems to be somewhat confused as to the actual fair market value. If they deem it to be $0.185/sh or higher, they should be buying shares right now like there is no tomorrow. If they deem it lower than $0.185, then they have not acted in the best interest of shareholders and owe shareholders an explanation for their “confusing” share buyback activities.

[Ringert]

The BoD is not confused, they're simply painfully incompetent. They haven't got a single clue what they're doing so it seems.

[Spiegel62]

They perfectly know what they are doing.... so dont expect any NCIB buys to lift share price as its not on SICPA'S script

[xsnrg]

I agree with you, Bruce is a very smart man...this isn't incompetence, he wants this to happen.  The problem is his goals and my goals dont seem to be aligned which scares the SH*** out of me.  

[Spiegel62]

You should ask our Mickey Mouse CEO about this