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Bullboard - Stock Discussion Forum Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Forest Products Paper & Paper Products
Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the... see more

TSX:SXP - Post Discussion

Supremex Inc > NCIB active again
View:
Post by HermannHaller on Jun 06, 2023 1:52pm

NCIB active again

The company bought a few shares back last week at $5.50. This is after not buying any for several months.

I have to admit, I think there was someone here who suggested last year that the company had a $5.50 limit on the buyback. I thought that was a crazy idea, why would the company put an arbitrary limit on it? And at such a low level? I guess I was wrong.

At least we know what the company is thinking, and we are safe to assume that $5.50 will be the low on the stock, with the NCIB supporting it at that level. They will wish they had bought back more when it goes over $10.
Comment by TradeTracer on Jun 20, 2023 3:28pm
Sitting today at $5.31, are we seeing any action on the NCIB?
Comment by HermannHaller on Jun 29, 2023 12:34pm
That $5.31 opportunity didn't last long! The NCIB buys are reported monthly, so we should see next week. Hopefully they did step in and buy shares.
Supremex Inc
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