ADF Group Inc T.DRX

NCIB

[Possibleidiot01]

A healthy 10% buyback if they act on it .

Some interesting language.

"The average daily trading volume (" ADTV ") of the Corporation's Subordinate Voting Shares over the last six completed calendar months was 139,965. Accordingly, under the TSX rules, the Corporation is entitled to repurchase, on any trading day, up to 34,991 Subordinate Voting Shares. Once a week, in addition to this daily limit, the Corporation may also repurchase a block of Subordinate Voting Shares that is not directly or indirectly owned by an insider (i) having a purchase price of $200,000 or more, (ii) of at least 5,000 shares having a purchase price of at least $50,000 , or (iii) of at least 20 board lots of shares which total 150% or more of the ADTV, in accordance with the TSX rules.

I can't remember ever seeing anything this specific.

In other news , big drop in backlog. . The Corporation's operating activities generated cash of $53.3 million during the 9-month period ended October 31, 2024.

[fdfd12]

I read it but really don't understand what they mean by all this

[smartmoni]

The backlog dropped compared to Jan.24 but the same as 12 months ago. Makes sense as some projects are not installed during the winter months for obvious reasons and the backlog is higher as at Jan. 31....OVERALL another fantastic Quarter. It is also important to note that tariffs will not be an issue as they have mitigation options in place including their Montana plant. Will definately be adding

[Hich1205]

It's just a fancy way to say they may acquire shares through block trading ie. large transactions on a private basis with a seller since the limit for the repurshase is 34991 on the floor-public trading  Overall, business is declining, backlog is shrinking but their margin are higher. Backlog is the main concern, the lowest since 2020

[microcaphobby]

Business declining?? You clearly don't understand this business. there is so much work available they can choose which contracts they want.

[CarlM20]

And they are hiring . Many job postings on their web site. 

[Daudau11]

Ok so they did the NCIB I said they should and earnings was great.  If only backlog increased we would see a huge spike in stock price.  Hopefully they will have backlog news early next year as that would help give confidence to many investors.  All it takes is a few contracts as most of the previous they announced were in range of $65m - $142m so it just takes like 2-3 then we are

[Possibleidiot01]

Hich1205 , your intrepretation for the most part is good but you seem to be missing some intent IMO. "Once a week, in addition to this daily limit, the Corporation may also repurchase a block of Subordinate Voting Shares that is not directly or indirectly owned by an insider" No purchases under the block exemptions from insiders in any form. Company does appear to have heard criticism