Investment Q&A

Q: Can you please comment on current valuation and backlog for WSP. What are the main reasons you like it as a long term hold? Thank you for the great service.

Q: How would you play Shopify after results and pullback. I have quite a large recent position. 5 -10 year hold.

Q: Hi Team,

Further on SHOP. Do you feel the action today is excessive? It seems like they are being slapped for investing in their future. Has your medium/long term outlook changed?

Thanks

Q: Please comment on earnings. Would you add to this name?

Q: Hi. Can you confirm consensus EPS estimates for this weeks release is $2.62? If so, why would the analysts forecast an increase of 17% vs. Q4 last year when it is growing earning at 35%+ AND reported $2.70 in the prior quarter. Do they know something the rest of us don’t?

Thanks for your service

Q: 5i:

Re: Your comment on STC

Sangoma Q2 revenue was $US54 million and not a miss but a beat. Also debt level does not seem high at all given the Adj. EBITDA coverage?

Q: Hello,

What are your thoughts on SHOP results? Thanks. Shyam

Q: I realize the eps miss.
Is there anything besides supply chains which would be the main factor in the pre-market 10% drop ?
Would be grateful for a quick response if its possible.

Q: Hi Peter and team,

I would appreciate your thoughts on GSY quarter earning. What is the estimated? What result will be good from your point of view? If you are going to buy more after the quarter earning, assuming you already have some positions, then what result would be?

Thanks,
James

Q: Management is considering a spin off. Ranges of values are provided. If they do this what would you expect the spin off to trade at and what would the trading value of BAM be after spin off. What % would the sum of the parts be above the current trading value of BAM pre spin off.

Q: Hi 5i Team. I am just saying thanks for your advice over the years. Diversification in point. I once subscribed to an online investment advice site by G.P. called IWB. It has some very good portfolios, but I think one good lesson on diversification will be in one IWB portfolio i.e., the Growth Portfolio where it often boasts of huge double digit returns since inception but never on an annual basis. Its Growth portfolio has 8 stocks with about 51% Tech and 38% in just two i.e., SHOP (23.5%) and ARKK (14.5%) as of Feb 2021. Yikes. I stopped keeping track about 6-months ago but an update is due this month (maybe in the G&M). It will be interesting to see if diversification is mentioned in the next update. In fairness, the IWB does warn of the risk of investing in the growth portfolio, but it seems your growth portfolio is much more diversified and reporting annual performance is very helpful. Thanks again. Please publish if you think useful.

Q: The share price has dropped today - I assume due to an analyst downgrade.
Is this a buying opportunity at this price?

Q: What are your thoughts on acuity ads at this time. I believe it was set up to do well but didn't live up to expectations?

Through my current business i know understand what they do and it is a very interesting space in which i could see a lot of growth potential.

Thanks.

Q: I went back to Constellation Software’s old reports to compare results to Topicus’ current results. Constellation had similar revenue ($891m USD) in 2012 to Topicus in 2021 ($846m USD).

Here are the revenue growth rates for those years:
CSU : 15%
TOI: 50%

Here are the acquisition amounts in those years:
CSU: $141m USD
TOI: $385m USD

By the numbers, it would seem that Topicus is significantly more aggressive in terms of growth by acquisition than Constellation was when it was the same size back in 2012.
My question is can Topicus keep this rate of acquisition up over the next five years or so, or are they picking off the low hanging fruit and things will get much more difficult down the road? Thanks

Q: Hi folks....thoughts on Q results for Sangoma....seem in-line/small beat....stock trades minimal volume daily, and has drifted lower than pre-Star2Star acquisition...own a partial position....know 5i likes/holds....do you still think Sangoma is good hold, & moving in right direction....merci beaucoup, jb Piedmont QC

Q: Cann you see any reason for today's steep decline of 4-5%?

Q: follow-up to my earlier question. I wanted to know what numbers 5i expects shop to report.

Q: I am wondering why ECN would pay such a large special dividend.
Can you explain the thinking behind this. Why not do a share buy back or spend the money in another fashion.
Thank You
Peter

Q: Do you see it as an opportunity to add to a small position or there could be a lasting impact on Magna (blockades)?

Q: Hi 5i,

Magna has been one of your favorite value stocks lately, and Friday it went on sale again, 6.5% decline. I'm a long term investor in great companies that will be leaders in their industry.

My question is: Would you purchase more, and if yes what are your reasons?

Thx