Western Forest Products Inc T.WEF

NCIB

[fishowl]

Looks like they have been buying back the maximum number of shares per day of 268,332 on the NCIB.

Here's the last 10 transactions from
https://www.canadianinsider.com/node/7?menu_tickersearch=WEF+%7C+Western+Forest+Products

Filing	Transaction			Nature of		Volume
Date	Date	Securities	Ownership	transaction	Transaction	or Value	Price
Jul 6/21	Jun 30/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-9,007,348
Jul 6/21	Jun 28/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.02
Jul 6/21	Jun 25/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.06
Jul 6/21	Jun 24/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.08
Jul 6/21	Jun 23/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.04
Jul 6/21	Jun 22/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.01
Jul 6/21	Jun 21/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$1.99
Jul 6/21	Jun 18/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$1.96
Jul 6/21	Jun 17/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$1.96
Jul 6/21	Jun 16/21	Western Forest Products Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	268,332	$2.03

[ACarrothers]

Should we be worried that the price isn't going up at a faster rate with all this max daily NCIB purchaching? Could be a big impact when the NCIB expires

[fishowl]

I wouldn't worry until after the earnings report is out. On June 22 they amended the NCIB to allow for purchase of an additional 4,353,130 common shares of the Company until August 11. As of June 21, 2021 , under its current NCIB, the Company has repurchased 14,381,456 common shares at an average price of $2.05 , resulting in 8,731,532 common shares remaining available for purchase under

[jonvw92]

9,007,348 shares repurchased and canceled in June.  Should put share count at ~ 360,000,000 and for the most part complete the NCIB.  Time for a dividend increase, new NCIB or a SIB like West Fraser.  Q2 financials will be very interesting to dive into.   Personally, I would like to see a .01 quarterly dividend with .01 monthly special dividend in months without the quarterly