Supremex Inc T.SXP

Share repurchase

[Undeniable]

I was looking back on information. The company has a repurchase from  August 2022 to August 2023 to buy back just over 1 million three hundred thousand. They bought under old repurchase 96,000.. are they still buying more on the old repurchase? Does anyone know?

[HermannHaller]

The new NCIB, started in August 2022, replaced the old one (each runs for a year). They bought back a total of 920,100 shares under the last NCIB. They also disclosed that they have bought another 20,000 subsequent to the end of the quarter. On the conference call they said they will prioritize the growth opportunities they are seeing, but would still buy shares opportunistically.   

[emiltech]

I would think that the old scheme is over. They announced: "Renewal of the Normal Course Issuer Bid (“NCIB”) program, allowing the Company to repurchase up to 1,301,713 common shares between August 31, 2022 and August 30, 2023." It would represent 5,0 % of the total shares in 2023. So, same net earnings in 2023 would be divided by a lower number of shares than in 2022!

[Undeniable]

Thank you, I kind of figured old purchase program was over. This is a stock I have owned for years and it has a really stepping up its game. Always good to see buy backs. It represents great value for us..5 percent less stocks! Again thank you!

[emiltech]

Thank you for your comments.   I am in since last year. The overall PE was so low! Load up the truck partially then! The PE ratio is still very low in my opinion and the growth prospects are still there. Great management, great financial metrics and great strategy in their specific market.

[Undeniable]

Yes  I totally agree. I have been buying more stock. It held up pretty good today. Will continue to add to my position. Great company! 

[emiltech]

Probably one of the best performer in this otherwise ugly 2022 year! :)