Gamehost Inc T.GH

No buybacks in June.

[cpeczek]

No buybacks in June at all. 

Any speculations on why? Buybacks have been reported every month for years and now they suddenly stopped just this one month. 

Maybe they have something in the works? Even when they bought back the 9% of Deerfoot they still bought back shares. 

So either: dividend increase, takeover of company or just conserving capital?

[malx1]

Cpeczek, thanks for that update.  Had figured ncib guy was on vacation. Big poker tournament in August. Might attend just to watch Kasking teach them all a lesson. We may require substantial increase in "restricted cash" to fend off a Kasking winning streak. $700k at end of Q1.  $1.4mm at end of Q2?  More?? Remember his last big hit? Incredible.

[nukester]

Interest on the revolver and a couple of their term loans was 6.7% back in Q1. Divvy is 3.9% Short term, paying down highest rate debt seems most effecient use of excess cash IMO. I am sure TLV and Malx will disagree. Has a slightly bearish overtone IMO. Would love to be wrong here :-) Cheers, Nukester

[cpeczek]

Totally valid possibility. We don't have any idea and are just speculating until we get a filing.  I looked and they actually stopped as of May 10. The May buybacks were all done in that first week and a half before they abruptly stopped. From looking at filings they have not missed a month since 2017 1. Bearish possibility: management no longer sees value in buying back shares vs

[malx1]

Really good point.    AGM was May 9th.    Maybe Kasking told the gang it's time to prepare for a Dividend increase.     Maybe they are following his suggestion!