Sylogist Ltd T.SYZ

Target $12...it only makes sense to cut or eliminate divy

[88guy88]

this money is better served by growth in the company and the company knows it has more value with the buy back starting in a couple of days for buying back up to 10% of the company shares and eliminating them......lemons lemonade :))

[lotus1]

Not sure, if price targets have alreday been updated by analysts, post Results/CC ! Acumen, Laurentian and Cormark were on the CC. Someone, please post when avaailable.

[NLMoose]

If Sylogist gets rid of dividends, the share price will be substantially lower as investors will lose an incentive to invest in that company.

[lotus1]

It seems like that !! Lot of investors in Sylogist tolerated the price decline for past many years simply for the sake of consistent dividends. With dividend eliminated, management will have a challenging task to prove itself to keep those shareholders interested. Price action today seems to tell that many are trying to bail out, already.

[Lawyerup]

Dividend is not eliminated it is reduced to 1 cent per share which anytime a company does this the stock takes a hit.  Probably a wise move on the part of management because the buybacks will be cheaper when those investors that rely on dividends sell.  I have been on the fence when I sold a couple years ago if it drops further I might pull the trigger.  All the best Charlie.

[NLMoose]

Buybacks are not wise for Sylogist as the Trudeau Government will soon impose a "2% Buyback Tax" starting January 1, 2024.