Post by
MikeNewTrader11 on Jan 12, 2023 9:18am
??? SEDI Reporting Question
What is the reporting timeframe that CJ has to file with SEDI any activity in regard to the NCIB?
10 days? 30 days?
how quickly will we see the activity reported.
thanks
Comment by
borne2run on Jan 12, 2023 9:56pm
Some companies report share purchases within several days, others crank out a report for the previous month sometime during the first week of each month. Regulatory timeframe is probably 30 days.
Comment by
JohnnyDoe on Jan 13, 2023 6:46am
Ya someone asked a similar question the other day on the bte board. Bte sums up and posts within 5 days of the month following for the prior month. I don't know what the actual rules are but in terms of a behavioral pattern, it was all stock repurchased in the month prior reported by the 5th of the following month. Some of the early month purchases would exceed 30 days.
Comment by
Coopsvw92 on Jan 13, 2023 8:40am
NCIB purchases are required to be reported by the 10th day of the following month. No shares were repurchased in December. Net debt should now be less than $30M.
Comment by
Quintessential1 on Jan 13, 2023 12:00pm
Makes sense and it probably for the best given interest rates and hikes. With a .06 monthly div CJ doesn't really need more investor return incentives but it could use a little more sustainablity security. Debt reduction will provide that. GLTA