TSX:DHT.UN - Post by User
Comment by SONOFFERGUSon Aug 29, 2024 5:41pm
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Post# 36201977
RE:RE:RE:NCIB
RE:RE:RE:NCIBIf I have the right numbers, there is a ton of room on the NCIB -- the limiting factor is the automatic unit purchase plan.
20-Nov-23 3,280,195 units authorized under NCIB
Q4/23 0
Q1/24 0
Q2/24 207,600
Q3/24 198,746 (to ER date per Q2 MDnA)
That leaves a whopping 2,873,849 units. Daily limit 14,784, so remaining annual limit is not a constraint absent block trades (of which I've noticed zero).
I have to imagine that today's 3% drawndown caught Gary's attention and that buybacks (through a new AUPP or otherwise) will kick in tomorrow.
The underlying value of DHT is clear -- as supported by the analysts' buy recos and PTs -- and it will be a shame if they let shorts shake out a bunch of retail by not protecting the unit price when it's trading so far below NBV (let alone NPV).
Good luck to all who play!