Investment Q&A

Q: Started with half positions, down roughly the same on both. Considering consolidating into one nvei position, thoughts?

Q: My question from October 10, 2023.
“Everyone, I have held LSPD since the summer of 2019 and I bought and sold throughout the last 24 months. My remaining amount is less than 2% so not a significant amount of $. They have $700 million plus in cash; they call EBITDA positive this year; they reduced the head count which lowers expenses; interest rates will be increased once or twice then a wait period and then a slow decline. All positives for the stock price. And the Quebec Pension still owns a large block of shares - they haven’t given up! The stock price seems to have held at this price range, so there is no real material downside risk. SQ and Toast are in the same stock price position, an industry decline not a stock specific decline. In a better market this stock will quickly do a triple from here.. So … buy and wait … or… move on? Clayton”
This past year LSPD has been in a trading range of $17 ish to $15 ish. Today it has moved above that range with heavy volume. Is it time to buy or wait! If you are waiting, what are you waiting for?
Clayton

Q: Hi 5i
ATZ having big price moves at market open and appears high volume...Just curious if you are aware of any external event or news driving this?

In have been watching for awhile , thinking about adding to existing position and wonder if this drive may continue into new 2023 ?

thx

Q: Hi, Could you comment on this acquisition/carve out deal by Lumine group. Thanks

" 08:44 AM EST, 12/20/2023 (MT Newswires) -- Lumine Group Inc. (LMN.TO), a global buy-and-hold forever acquirer of communications and media software businesses, said Wednesday that, through one of its wholly-owned subsidiaries, it has signed a definitive agreement to buy the Device Management and Service Management Platform businesses from Nokia (NYSE: NOK) for 185 million euros ($270.3 million).

According to a statement, this will mark Lumine Group's second carve-out transaction with the Finnish multinational giant.

After the deal, Lumine Group will restore the Motive brand as the new corporate entity for the Device Management and Service Management Platform services as a stand-alone business unit within Lumine Group.

The total purchase price includes a contingent consideration of up to 35 million euros based on the performance of the business during the first year after close.

The deal is expected to close in the first quarter of 2024."

Thank You

Q: Hi, Shopify rally, this year has been remarkable this year, and stock continues to have a strong momentum, despite recent downgrades from many US brokerages. Canadian analyst community, though, continue to have a more positive bias.

Stock is up almost 200% from its October 2022 lows. Do you think, it's mostly short covering or company has strong fundamentals for the stock to regain its highs of $200, in due course ?

Why, in your view, are so many US analysts, lukewarm on Shopify ?

Thank You

Q: Hi 5i Team - In an answer to a question on Sept. 27 you mentioned that Neighbourly had a growing balance sheet, good forward sales and earnings and solid fundamentals with a cautionary note that it was not yet profitable and needed to become so. At that time it traded around $12.50. It seemed to have a lot of potential back then before the offer. If the offer falls through completely and it returned to around that price level would it not still have good potential and be worth buying for a mid to long term hold. Would the same theory hold for today's price of around $15. Also what is your opinion of management. Thanks.

Q: Are u are still positive on this company - it’s not participating in the rally and going the other way. At what point do you cut bait ?

Q: Docebo is exercising a share buyback offer to shareholders of U$55 a share plus a Deemed Dividend of approx. C$10.60. It finished trading today at C$69.28. Do you believe that if I hold the shares for 2 more years, the SP will exceed that offer?

Carl

Q: Persistence Capital Partner proposes to take NBLY private at $ 18.5. But the share price still go down to around $15. Why ? Is it a good time to buy ? Thanks a million.

Q: 5 I recommends buying BEP.UN but they are showing EPS at a loss, also what is the PE.

Q: I’m guessing someone else already asked a similar question, but just in case: Do you still see NBLY as a good arbitrage play after the revised purchase price of $18.50?

It’s definitely frustrating (I guess that’s one of the risks when there’s a majority shareholder) but given the share price has adjusted lower I’m thinking it’s still a good arbitrage play from today’s price?

PCP already owns over 50% of the company so the risk of this not going through appears low)?

Q: A few days ago you were talking that you were replacing some of Sun Life with IFC. I acted on this, but so far I wish I had not have made the move. IFC has been selling some of their animal products to a UK firm from what I have read and I get the impression that does not sit well with investors. Is there anything you know about this situation that I am unaware of? Thank you.

Q: I bought them all last April and the draw down got as low as 15%--they have all made a comeback now except BNS still down 8%----Do you think this resurgence is sustainable and a good time to add to my holdings?
Thanks
Peter

Q: Are you aware of any reason why GSY popped so much of late, especially in the last two days? Usually this kind of jump only occurs if there is a potential takeover bid (just guessing here). Thanks.

Q: Why DOL share price today took a hit when the announced results and forward outlooks are so positive?

Q: Hi Team,
What’s driving the relentless selling of Well lately? I don’t see why investors are taking a negative view on the name recently. Is this giving us a chance to buy more at basement bottom prices here ? Price targets average over $8 today and the stocks trading down towards the $3 range. Your take on the name is appreciated. Thanks

Shane

Q: Good morning - if indeed we are approaching a pivot in the market, which REIT' are most attractive to you these days. I have done well with DIR.UN but it's my sole real estate holding. Time to add more of the sector? Thanks for everything and best wishes of the season to all you good people at 5i. I have. seriously benefitted from your service over the past four years.

Q: Given the upcoming green technologies, what might be the most promising Canadian copper companies to invest in for medium term growth?

Q: hi, can you elucidate how you are valuing LMN? can you compare it on value/growth metrics with CTS? and what price would you be comfortable to buy LMN and add to CTS? cheers, Chris

Q: There has been so much price increase , I wonder if there is any insider buying or selling in the last 3 months ? Does the increased stake in Klaviyo poses any significance ? Thanks a lot.