Premier Health of America Inc V.PHA

Share buybacks at 260k (as of Nov. 28th)

[colourama]

PHA has already bought back 260,000 shares under its NCIB, as of Nov. 28th, and likely more in the past week and a half. This is already 18.2% of the maximum amount of 1,428,571 under the NCIB!

Great to see some support, although I am not expecting any particularly great Q4 numbers coming up, given their commentary in the Q3 report. In any case, onwards!

[profitprophet1]

Thanks for that update, Colourama. Where did you get that information? My brokerage is not showing it yet unless I'm looking in the wrong spot.

[colourama]

profitprophet1, I believe the updated filings were made just today with sedi (the screenshot below was taken from ceo.ca/pha)

[colourama]

(Sorry, the picture doesn't seem to have displayed, but the info should be on Sedi!)

[Torontojay]

I too see on Sedi that 260k shares have been purchased from prices which range from as low as $ 0.36 to as high as  $ 0.3968.  Thanks for the update! 

[stockrook86]

Wouldn't be surprised to see a positive earnings surprise. Healthcare systems across Ontario and Quebec have been stretched meaning more reliance on contract nurses. Cost of living issues might mean less abseentism as nurses look for more shifts.

[colourama]

Stockrook86, you make a good point - especially with (unfortunately) the fairly severe flu season underway continuing to strain the health system. On the topic of share buybacks again, I noticed Acumen was on the bid today at 39 cents, from which I count another 189,000 shares bought since Dec. 2 by Acumen. If all of this was the NCIB, that takes the total shares purchased up to 449,000