Bullboard - Stock Discussion Forum Aimia Inc T.AIM

Alternate Symbol(s): AIMFF | T.AIM.PR.A | T.AIM.PR.C | T.AIM.PR.D

Chemicals Specialty Chemicals

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets... see more

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TSX:AIM - Post Discussion

Aimia Inc > $75M return of capital............

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Post by Malpeque2 on Dec 06, 2022 10:39am

$75M return of capital............

On March 30, 2022, Aimia announced its intent to allocate up to $75 million of the net proceeds towards a combination of opportunistic share buybacks and/or a tax-efficient special dividend to common shareholders.
Since that announcement, Aimia has repurchased 1,984,259 common shares for $9.3 million. Aimia currently has 6.3 million shares available for repurchase under the current NCIB plan expiring no later than on June 20, 2023.
The final amount of the net proceeds that could ultimately be allocated to share buybacks and/or tax-efficient special dividend to common shareholders will be subject to the then applicable market conditions, investment opportunities and other relevant factors.

Buyback pace is too slow. At 15,000 shares a day with 125 trading days left that is only a bit less than 2M shares between now at June 20, 2023. That;s about $7M dollars, Far short of the $75M.

Time to stop the business purchase nonsense and see if they can make some money on the business investments they have got. The track record is suspect here. That will free up the opportunity to do a Substantial Issuer Bid and return the $75M to stockholders in that manner. .

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