Fairfax 2024

[Hektor]

https://www.fairfax.ca/press-releases/intention-to-make-a-normal-course-issuer-bid-for-subordinate-voting-shares-and-preferred-shares-09-26-2024/?utm_source=press-release&utm_medium=email&utm_term=Thu+Sep+26+2024&utm_campaign=Intention+to+Make+a+Normal+Course+Issuer+Bid+for+Subordinate+Voting+Shares+and+Preferred+Shares

[adventurer]

18 hours ago, Hektor said:

https://www.fairfax.ca/press-releases/intention-to-make-a-normal-course-issuer-bid-for-subordinate-voting-shares-and-preferred-shares-09-26-2024/?utm_source=press-release&utm_medium=email&utm_term=Thu+Sep+26+2024&utm_campaign=Intention+to+Make+a+Normal+Course+Issuer+Bid+for+Subordinate+Voting+Shares+and+Preferred+Shares

Thank you.

Can somebody please explain the concept of buybacks with respect to the time horizon? Are buybacks always announced the way Fairfax`s has been announced (above)? And is it not always desirable to own shares during these periods? At least if around 10% or above of the outstanding shares are to be acquired?

 

And does somebody have experience as to how probable it is that Fairfax will be able to acquire the full amount of shares? Did they manage to acquire the target amount in the past? 

[villainx]

@adventurer  Buyback announcements are normal.  % or $ permitted to be repurchase will be different.  And it's discretionary.  Can be opportunistic, to offset dilution, or a way to return money to shareholders.   At same time, it can be suboptimal if valuations are high.