Post by
HermannHaller on Aug 23, 2021 1:55pm
NCIB?
In the August 12 press release they said: 'The Company intends to renew its normal course issuer bid expiring on August 16, 2021.'
Today is August 23, what's going on?
Comment by
chrischapman256 on Aug 23, 2021 3:11pm
If a few more days go by without an announcement of NCIB then we should email IR.
Comment by
divime1 on Aug 23, 2021 6:09pm
They cancelled another 181,800 shares this month . https://www.canadianinsider.com/node/7?menu_tickersearch=SXP+%7C+Supremex
Comment by
HermannHaller on Aug 25, 2021 1:06pm
Pick one of the following options: delayed because the press release person is on summer vacation (so buy SXP now before they get the NCIB fired up again) they have found an acquisition that is a much better use of cash than the buyback (so buy now before they announce it) they are about to get taken over, so no point doing NCIB (so buy now of course) they lied
Comment by
DanielDarden123 on Aug 25, 2021 2:01pm
The announcement means nothing! It is only an intention with no obligation to buyback shares. A filing shows actual buying on Aug. 18/20. That matters!
Comment by
DanielDarden123 on Aug 25, 2021 2:03pm
That should have read Aug. 18/21!
Comment by
HermannHaller on Aug 25, 2021 2:08pm
I agree actual buying is important, of course, but there won't be any more unless they have an NCIB approved and in place. The last one just expired! The filing you are looking at for Aug 18 is the date shares were cancelled. The last shares they bought were on August 13; 11,600 shares at 2.48.