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Bullboard - Stock Discussion Forum Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

Industrials Aerospace & Defense
Magellan Aerospace Corporation is a Canada-based global enterprise company, which is engaged in providing integrated products to the aerospace industry worldwide. The Company designs, engineers and manufactures aeroengine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. The Company operates... see more

TSX:MAL - Post Discussion

Magellan Aerospace Corp > Purchase for cancellation
View:
Post by Mike66 on May 27, 2022 11:23am

Purchase for cancellation

Up to 5% for the next 12 months. Good news for us. It means that the company figure that the stock price is to low.
Comment by faraway1 on May 30, 2022 1:30pm
This is generally a formality put in place so as to be able to respond to unforseen circumstances. There is no oblication for MAL to actually act on the buy back.
Comment by Daudau11 on Jun 04, 2022 11:42am
That is true but they did buy back some in May.  Not alot but adds up to 24,400 Insider name: Magellan Aerospace Corporation   Insider's Relationship to Issuer: 1 - Issuer   Ceased to be Insider: Not applicable   Security designation: Common ...more  
Magellan Aerospace Corp