Ann: Covid-19 impacts on Tilt Renewables, page-4

I agree.

In saying that management timed those buy-backs perfectly. Some of the best include:

200,000 units @ $3.9153 --> Total: $783,060
75,000 units @ $3.7822 --> Total: $283,665
50,000 units @ $3.7590 --> Total: $187,950
52,617 units @ $3.0882 --> Total: $162,491

That last purchase of 52,716 units @ $3.0882 was almost perfectly timed to the bottom. It was very lucky but it shows management's mentality is in the right place regarding bang for buck.

I also applaud them for issuing bonds rather than stock to raise capital majority of the time. Combine this with share buy-backs you can see where this company is going. They off-load under-performing assets, and aren't ashamed to take a loss here of there, which I personally support.

I'm anticipating some serious earnings impacts due to COVID-19 regarding Wellington Airport, however, majority of our portfolio is basically essential services, with defensive earnings and strong competitive advantages.

I look forward to the years ahead.

Cheers,
Dalto24