Comment / On the wires: DSV – down to the waterline

Two weeks ago, while announcing solid Q1 22 numbers as expected…

… Danish forwarder DSV disclosed another share buyback round running from 27 April to 25 July, both days inclusive, we were told, with the intention to buy its own shares “up to a maximum aggregate purchase price of Dkr 6,000 million, and no more than 6,000,000 shares”… hence 2.56% of the current share capital.

That’s out of 234 million total shares outstanding, at current prices – Dkr1,030 at the time of ...