Post by
Malpeque2 on Nov 11, 2021 11:46am
NCIB Block Trades
Since the announcment of the NCIB in early-mid September thru the Sept 30, 2021 report date the brain trust running TWC has repurchased exactly ZERO shares.
There is a block of 15,700 sitting on the ask right now. The stock has traded on the ask today.
Why doesn't the brain trust repurchase the block? As far as I know there is an exception on the TSX for block trades over 10,000 shares.
Comment by
undervalue on Nov 11, 2021 1:27pm
RBC has bought at 17.50. They are the agent for the NCIB. I assume this will be confirmed on Sedi in the next day. Post q 4 and Herron Bay accounting, book should be plus $19.
Comment by
Charley33 on Nov 15, 2021 10:41am
It does not seems like it was the buyback. Side note : RBC was also the broker behind the large selling that started before the news of the Glen Abbey developpement withdrawal (and caused the drop in the share price doing so). I don't want to sound conspiratorial, but maybe someone has some infos.