Tag Archives: Computer Modelling Group

CMG Odd-Lot Tender Postmortem: Preliminary Results Point to an 18.4% Gross Return

We now have the first real test of our Computer Modelling Group odd-lot trade, and the preliminary result is almost as favorable as it could have been. Computer Modelling Group Ltd. (TSX: CMG) says its substantial issuer bid expired September 21 with a preliminary purchase price of C$4.50 per share, the very top of its C$4.00 to C$4.50… Read More »

Computer Modelling Group Odd-Lot Tender: A 5%+ Spread on 99 Shares?

Another odd-lot tender has appeared, and this one gets interesting almost immediately. Computer Modelling Group Ltd. (TSX: CMG) is offering to repurchase up to C$20 million of its own shares through a modified Dutch auction. The tender range is C$4.00 to C$4.50 per share, while CMG closed Friday, September 11 at C$3.80. Even better for our purposes, shareholders… Read More »