Comment by nukesteron Sep 25, 2025 2:46pm
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Post# 36727827
RE:Interesting that NCIB has yet to be renewed...
RE:Interesting that NCIB has yet to be renewed...Malx,
The NCIB that went MIA is Interesting indeed.
Last few years NCIB renewals were approximately a couple weeks after previous expiration.
My mind can conjur a couple positive reasons.
Keeping our capital allocation logic simple, assuming the underlying business is relatively sound, which I believe it to be...
As the share price has gotten closer to intrinsic, the overall attractiveness of buybacks is decreasing, but still exists albeit to a lesser degree than in the past. Major capex is behind us for awhile. Debt is very low. That leaves dividend increase or some type of major capex / expansion as a logical outcome in my opinion.
I could be wrong, the underlying business may be degrading and mangement may be taking prudent steps to protect the enterprise, but I am betting we see a positive announcement of some type in the November / Q3 report.
Not exactly news to any of us here, but at least I am on topic!
Later Bro's,
Nukester