Post by
Frost19 on Oct 01, 2021 9:51am
Share buybacks
What is the name of the company that itnerfor buys shares under?
I couldn't find anything under "interfor" on sedi but I think its because they use a numbered or different company they own to buy the shares.
Comment by
FreddieMac on Oct 02, 2021 5:51pm
The name used is Interfor Corporation. See below
Comment by
Frost19 on Oct 03, 2021 12:40pm
I thought I had the name wrong because I search Friday night for several companies and couldn't find anything for Interfor even though I know they are buying shares. I went back further in time and realized they only report once a month. Most companies I follow report every Friday so thats why I couldn't find anything. Thanks for the help Freddie.
Comment by
FreddieMac on Oct 07, 2021 2:06pm
Interfor used up all the space remaining in their current year (ending November 10th) NCIB by the end of September, purchasing stock as high as $33+ See recent SEDI filings for September, filed October 6 They can't buy any more under the NCIB until it they renew it again on November 10th (assuming they do it).
Comment by
sunshine7 on Oct 07, 2021 3:26pm
It would be interesting to know their volume weighted price.
Comment by
lifeisgood1010 on Oct 07, 2021 4:52pm
It's $26.56 to the penny.I have been keeping a monthly spreadsheet. They paid $177,231,565 for the 6,672,658 shares.
Comment by
FreddieMac on Oct 07, 2021 7:07pm
An impressive achievement to buy back almost 10% of the float in under 12 months.