Bullboard - Stock Discussion Forum Black Diamond Group Ltd T.BDI

Alternate Symbol(s): BDIMF

Black Diamond Group Limited is a specialty rental and industrial services company. Its segments include Modular Space Solutions (MSS) and Workforce Solutions (WFS). MSS, through its principal brands, BOXX Modular, CLM, MPA Systems, and Schiavi, owns a rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products... see more

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TSX:BDI - Post Discussion

Black Diamond Group Ltd > NCIB to commence on March 14th...

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Post by zack50 on Mar 10, 2022 9:05am

NCIB to commence on March 14th...

BDI has received approval to renew its NCIB... share buyback will commence on March 14th. The plan is to buy up to 4.3M shares, representing 10% of its public float and about 7% of its outstanding shares.

Not sure how many shares they will actually buy... last buyback they were allowed 4.21M shares but only purchased 69,260 at at an average price of $3.61. In any case, this should give a boost to the current share price.

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Comment by Hopped on Mar 10, 2022 9:35am

They will buy a lot more this time I think. Their current EPS of .34 per share equates to a PE Ratio of 12.75 which is uber cheap! Stockhouse doesn't yet have the updated EPS and PE ratio. BDI obviously recognized the stock is hugely undervalued right now. Repurchasing is a really good move right now considering they have good free cash flow (relative to the past) and the stock is trading at a ...more

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Black Diamond Group Ltd