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Corbion reports the progress of its share buyback program 29 September – 3 October 2025
Globenewswire· 2025-10-06 05:00
Group 1 - Corbion has reported the details of its share buyback program initiated on 1 September 2025, with a total of 22,839 shares repurchased during the week of 29 September to 3 October 2025 at an average price of €16.514, amounting to €377,157.94 [1] - The total consideration for shares repurchased to date is €3,928,651.07, which represents 39.29% of the overall share buyback program [1] Group 2 - Corbion provides a weekly update every Monday on its website regarding the progress of the share buyback program, which includes detailed information on the daily amount of repurchased shares and individual share purchase transactions [2]
Corbion reports the progress of its share buyback program 22 September – 26 September 2025
Globenewswire· 2025-09-29 05:00
Corbion hereby reports the transaction details related to its share buyback program announced on 1 September 2025. During the week of 22 September up to and including 26 September 2025 a total of 57.112 shares were repurchased at an average price of €16.756 for a total amount of €956,979.58 To date, the total consideration for shares repurchased amounts to €3,551,493.30 representing 35.51% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the progress of ...
Corbion reports the progress of its share buyback program 15 September – 19 September 2025
Globenewswire· 2025-09-22 05:00
Group 1 - The company reported details of its share buyback program initiated on 1 September 2025 [1] - A total of 37,260 shares were repurchased from 15 September to 19 September 2025 at an average price of €17.0780, totaling €636,327.91 [1] - The cumulative amount spent on share repurchases to date is €2,594,512.93, which represents 25.95% of the overall share buyback program [1] Group 2 - The company provides a weekly update every Monday on its website regarding the progress of the share buyback program [2] - This weekly overview includes detailed information on the daily amount of repurchased shares and individual share purchase transactions [2]
Investec Group (ITCFY) Q2 2026 Sales Call Transcript
Seeking Alpha· 2025-09-19 09:43
Core Viewpoint - The company is expected to report financial results for the first half of the financial year that align with the previous period, demonstrating solid performance and strong capital generation despite a challenging macroeconomic environment [3]. Financial Performance - The financial performance for the 5 months ended 31 August 2025 is being discussed, with expectations for the 6 months to 30 September 2025 also highlighted [2]. - The group has made progress on strategic objectives, indicating a focus on building scale and leveraging existing client franchises [4]. Strategic Initiatives - The company is on track with its strategy to enhance its proposition and has commenced a share buyback program, repurchasing approximately ZAR 1.1 billion [4].
Investec Group (OTCPK:ITCF.Y) Trading Update Transcript
2025-09-19 09:02
Summary of Investec Group Trading Update (September 19, 2025) Company Overview - **Company**: Investec Group (OTCPK:ITCF.Y) - **Period Covered**: Five months ended August 31, 2025, and expected results for six months ending September 30, 2025 Key Financial Performance - **Revenue Growth**: Revenue supported by increased activity levels and higher average advances, alongside net inflows in the Wealth business [5] - **Net Core Loans**: Increased by 4.7% annualized to GBP 33 billion, driven by growth in corporate lending and private line lending [5] - **Customer Deposits**: Decreased by 1.9% annualized to GBP 40.8 billion, due to optimization strategy in South Africa [5][6] - **Funds Under Management**: Increased by 7.8% to GBP 25.2 billion, with strong inflows in discretionary funds [6] - **Earnings Per Share**: Expected adjusted earnings per share to be between 2% behind to circa 5% ahead of the prior period [6] - **Cost to Income Ratio**: Expected to be between 52% to 54% [6] - **Credit Loss Ratio**: Expected to be within the range of 25 to 45 basis points, indicating strong overall credit quality [7] - **Return on Equity (ROE)**: Expected to be between 13% to 14%, within the medium-term target range of 13% to 17% [7] - **Return on Tangible Equity**: Expected to be between 15% to 16%, within the medium-term range of 14% to 18% [7] Strategic Initiatives - **Capital Management**: Share buyback program commenced, repurchasing approximately GBP 46 million [3] - **Investment in Growth**: Continued investment in people and technology for strategic growth despite inflationary pressures [5] - **Long-term Strategy**: Focus on building scale, leveraging existing client franchises, and enhancing propositions [3] Market and Economic Context - **Macroeconomic Environment**: The group is navigating a challenging macroeconomic backdrop while making progress on strategic objectives [3] - **Interest Rates Impact**: Lower average interest rates negatively impacted earnings from the investment portfolio, but fee income growth has been strong [5][28] Regional Insights - **South Africa**: Non-wholesale deposit growth was 8.5% annualized, while wholesale deposits declined by 12.8% annualized [6] - **UK Business**: Credit loss ratio expected to be at the upper end of the guided range due to the nature of the corporate mid-market business [11][13] Additional Insights - **Credit Quality**: Overall credit quality remains strong despite some idiosyncratic events affecting credit loss ratios [11][13] - **Wealth Business Performance**: Strong growth in annuity fees and discretionary assets under management, with net inflows of ZAR 9.3 billion [29] Conclusion - **Outlook**: The company remains optimistic about its performance and will provide more detailed guidance in November [18][22]
Corbion reports the progress of its share buyback program 8 September – 12 September 2025
Globenewswire· 2025-09-15 05:00
Core Points - Corbion has reported details regarding its share buyback program initiated on 1 September 2025 [1] - A total of 28,805 shares were repurchased from 8 September to 12 September 2025 at an average price of €17.4190, amounting to €501,753.53 [1] - The total amount spent on share repurchases to date is €1,985,185.01, which represents 19.58% of the overall share buyback program [1] Additional Information - Corbion provides a weekly update every Monday on its website regarding the progress of the share buyback program, including daily repurchased shares and individual transactions [2]
Alithya announces normal course issuer bid
Prnewswire· 2025-09-10 11:00
Core Viewpoint - Alithya Group inc. has announced its intention to implement a normal course issuer bid (NCIB) program to enhance shareholder value through share repurchases, reflecting the company's belief that its market price does not accurately represent its intrinsic value and growth prospects [2][4]. Summary by Sections Share Buyback Program - The NCIB program allows Alithya to repurchase up to 5,939,183 Class A Shares, which is 10% of the company's public float of 59,391,834 Class A Shares, based on a total of 92,653,272 issued and outstanding Class A Shares as of September 2, 2025 [2][4]. - The maximum daily purchase limit is set at 14,545 Class A Shares, representing 25% of the average daily trading volume over the past six months [2][4]. Purpose and Strategy - The share buyback program is part of Alithya's balanced capital allocation strategy aimed at strengthening its balance sheet, optimizing capital deployment, and supporting investments in growth and debt reduction [2][4]. - CEO Paul Raymond emphasized the company's commitment to a long-term strategy focused on profitable growth and sustainable value creation for shareholders [2][4]. Implementation Details - Purchases under the NCIB are set to commence on September 12, 2025, and will conclude on September 11, 2026, or when the maximum allowable shares have been acquired [4]. - Alithya will enter into an automatic share purchase plan (ASPP) with a designated broker to facilitate share repurchases during regulatory restrictions or blackout periods [6][7]. Historical Context - The company has not repurchased any of its Class A Shares in the past twelve months, indicating a strategic shift towards share buybacks [3].
Currency Exchange International, Corp. Announces Approval to Amend Share Buyback Program
Globenewswire· 2025-08-20 23:37
Core Viewpoint - Currency Exchange International, Corp. ("CXI") has announced an amendment to its normal course issuer bid (NCIB), increasing the maximum number of common shares that may be repurchased from 316,646 to 377,000, which represents 10% of the public float as of the current date [1][5]. Group 1: Share Buyback Program - The amendment to the NCIB is effective from August 25, 2025, and allows for the repurchase of an additional 60,354 shares [1]. - As of August 18, 2025, CXI has repurchased 221,400 common shares at a weighted-average price of C$20.84 since the program began on December 2, 2024 [2]. - The company will purchase shares on the open market through the TSX and alternative Canadian trading platforms, with all repurchased shares being cancelled [3]. Group 2: Purchase Guidelines - Under TSX policies, CXI can repurchase a maximum of 1,000 shares in a single trading day and is allowed to make a block purchase once per week [4]. - The purchases will be funded through available cash, and the actual number and timing of purchases will be determined by CXI [4]. Group 3: Rationale for Buyback - The Board of Directors believes that the market price of the common shares may not fully reflect their long-term value, making the buyback an attractive use of available funds [5]. - The company has amended its automatic share purchase plan (ASPP) to allow for the purchase of up to 377,000 shares under the ASPP, which will be included in the NCIB calculations [6]. Group 4: Company Overview - Currency Exchange International provides foreign exchange technology and processing services for banks, credit unions, businesses, and consumers, with primary products including currency exchange, wire transfer payments, and foreign cheque clearing [7].
Century Casinos(CNTY) - 2025 Q2 - Earnings Call Transcript
2025-08-07 15:00
Financial Data and Key Metrics Changes - The company reported record revenues of $150.8 million for Q2 2025, a 10% increase year-over-year, and a 50% sequential increase in adjusted EBITDAR to $30.3 million [5][30] - The net debt to EBITDA ratio improved from 6.9 times to 6.2 times, and lease adjusted ratio decreased from 7.6 to 7.3 [30][31] Business Line Data and Key Metrics Changes - The Caruthersville Casino and Hotel in Missouri saw a 24% revenue growth and a 30% increase in EBITDAR, with a 43% margin [10][12] - The new hotel at Casiarado contributed to a doubling of cash revenue compared to the same quarter last year, with food and beverage revenue increasing by 31% [14] - The Mountaineer Casino Resort in West Virginia reported a 12% increase in EBITDA, driven by a 39% increase in iGaming revenue [22] Market Data and Key Metrics Changes - In Poland, total revenue grew 23% year-over-year, resulting in a 306% increase in EBITDAR from $0.5 million in 2024 to $1.8 million in 2025 [28] - The Canadian segment saw a 6% increase in slot coin-in and a 2.8% growth in EBITDAR [26] Company Strategy and Development Direction - The company announced a partnership with BetMGM to operate an online sports betting application in Missouri, expected to contribute significantly to financials in 2026 [6][7] - A strategic review of operations and capital structure is underway, exploring potential asset sales and strategic partnerships to enhance shareholder value [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer sentiment and spending power, particularly benefiting from recent legislative changes [33] - The company anticipates continued growth in the second half of the year, supported by improved trends in various sectors [58] Other Important Information - The company is committed to divesting its Polish operations and expects to sign a letter of intent with an Eastern European gaming group soon [8][29] - The company has no debt maturities until 2029 and plans to spend no more than $20 million on growth and maintenance projects this year [30][31] Q&A Session Summary Question: What is driving the improvement in margins at Rocky Gap despite weather disruptions? - Management noted a comeback of lower-end customers and a more granular marketing strategy leading to increased slot and hotel revenue [40][42] Question: Why was the stock repurchase amount lower than expected? - The company faced volume and timing limits under its 10b5-1 plan, affecting the total repurchase amount [43][47] Question: What is the outlook for Poland's growth? - The growth is attributed to the timing of licenses and openings, with expectations to return to previous revenue levels by Q4 [50][56] Question: Are there benefits from consumers staying closer to home instead of traveling to Las Vegas? - Management indicated a larger reach due to improved capacity and product offerings, potentially attracting customers who prefer local options [71][72] Question: What is the long-term EBITDAR target? - The company maintains that a target of $150 million EBITDAR is reasonable, contingent on the return of retail and lower-end customers [79][80]
Festi hf.: Buyback program week 31
Globenewswire· 2025-08-04 12:50
Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,700,000 ISK in week 31 of 2025 [1] - Prior to the recent purchases, Festi held 926,226 own shares, representing 0.30% of issued shares, and after the buyback, it now holds 1,066,226 own shares, or 0.34% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2] Purchase Details - The buyback transactions occurred on three separate dates: - 35,000 shares were purchased on July 28, 2025, at a share price of 305 ISK, totaling 10,675,000 ISK [1] - 65,000 shares were purchased on July 30, 2025, at the same share price, totaling 19,825,000 ISK [1] - 40,000 shares were purchased on July 31, 2025, again at 305 ISK, totaling 12,200,000 ISK [1] - The total number of shares purchased during this buyback program now stands at 820,000 shares for a total expenditure of 244,640,000 ISK [2]