Author Topic: LNR.TO - Linamar Corporation  (Read 7235 times)

kab60

  • Hero Member
  • *****
  • Posts: 851
Re: LNR.TO - Linamar Corporation
« Reply #20 on: January 25, 2019, 07:40:29 AM »
CEO has bought shares recently and now they announced a decent sized buyback. I'm happy they take advantage of the low share price and didn't wait till leverage was down to 1xdebt/ebitda. I've made it a very large position and buybacks (or lack off) was an annoyance so glad they act.

"We are initiating this NCIB in recognition of what we believe is a
significant level of under valuation of Linamar stock. We do not feel that the
value of our business is being adequately reflected in our current share
price" said Linamar CEO Linda Hasenfratz.

Under the Bid, the Company may repurchase on the open market (or as otherwise
permitted), at its discretion during the period commencing on January 29, 2019
and ending on the earlier of January 28, 2020 and the completion of purchases
under the Bid, up to 4,506,324 common shares of the Corporation (the "Common
Shares"), representing approximately 10% of the "public float" of the Common
Shares (within the meaning of the rules of the TSX), subject to the normal
terms and limitations of such a bid."


RadMan24

  • Sr. Member
  • ****
  • Posts: 299
Re: LNR.TO - Linamar Corporation
« Reply #21 on: January 25, 2019, 09:40:12 PM »
Interesting. I was wondering if and when that was going to happen. Thanks for sharing.

compounding

  • Full Member
  • ***
  • Posts: 158
Re: LNR.TO - Linamar Corporation
« Reply #22 on: January 28, 2019, 10:58:19 AM »
Is there a way to track share repurchases on the Toronto Stock Exchange or do we have to wait for the quarterly report for updates?
@JohanHjortsson

Spos

  • Newbie
  • *
  • Posts: 24
Re: LNR.TO - Linamar Corporation
« Reply #23 on: January 28, 2019, 11:29:31 AM »
Is there a way to track share repurchases on the Toronto Stock Exchange or do we have to wait for the quarterly report for updates?

You can track share repurchase activity on sedi.ca.  I am not sure of the exact reporting requirements, but companies either report shortly after transactions are made or monthly.

longlake95

  • Full Member
  • ***
  • Posts: 221
Re: LNR.TO - Linamar Corporation
« Reply #24 on: January 28, 2019, 11:47:19 AM »

compounding

  • Full Member
  • ***
  • Posts: 158
Re: LNR.TO - Linamar Corporation
« Reply #25 on: February 11, 2019, 05:41:51 AM »
@JohanHjortsson