Q: IBI Group appears to have it troubles behind it. Earning ratios have been comparable to WSP and its debt in now very manageable. It trades at half the valuation multiple of WSP and as valuation multiple are contracting do you think it wise to divest of WSP and invest in IBI Group.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Good morning and best wishes for Christmas/Holidays. What would be your opinion on this company as a infrastructure play?
Thanks for all the great service
Thanks for all the great service
Q: It has been 7 months since you last commented on IBI Group and in that time, the company has done well. They have been awarded multiple contracts, their recent earnings were solid and included raised guidance, and they just hit a 52 week high. Would appreciate an update of your views going forward.
Q: IBI's most recent quarter looks good and the backlog grows. If they can keep up this growth, it should see nice share price appreciation over the next few years. Your comments please.
Q: This company seems undervalued by at least 40% compared to STN and WSP and it appears to be growing much faster than either of them. The company is worth a look for those who want to own a small cap infrastructure/construction company. What is your opinion?
Q: What are your thoughts about the new 6.50% debentures ? The yield implies a higher level of risk but do you think the risk is reasonnable ? Also, is it common to see companies pay the interest or principal in shares when they have the option to do it ? If they do, the amount received is the same as if it would be in cash? Thank you.
Q: In your response to David's question on May 26/20 you disagreed with his assessment that IBI Group's has a good looking balance sheet. The years 2019 and 2018 are not comparable because of IFRS16. Like other smaller companies IBI did not restate it 2018 numbers for the lease liabilities that were recorded at $67million in 2019. In fact bank debt was reduced by $25 million and cash on hand increased by $6 million. The remaining material debt is a convertible debenture maturing Dec 31/21 which if the share price starts to reflect how undervalued IBI is to its peers, that debt will become equity.
The other adjustment I would like to draw readers attention is that IBI Group has significant insider ownership. As disclosed on page 9 of the Management Information Circular, the partners through a Management Partnership own 6.3 million shares of Non Participating Voting shares convertible into common shares(1 for 1) as well as 7.1 million common shares. On a diluted basis the partners or senior management own 35.68%. Directors and other senior officers own an additional 1.7%. Thank you
Don
The other adjustment I would like to draw readers attention is that IBI Group has significant insider ownership. As disclosed on page 9 of the Management Information Circular, the partners through a Management Partnership own 6.3 million shares of Non Participating Voting shares convertible into common shares(1 for 1) as well as 7.1 million common shares. On a diluted basis the partners or senior management own 35.68%. Directors and other senior officers own an additional 1.7%. Thank you
Don
Q: IBI has a good looking balance sheet and seems to be in a business with lots of potential upside. However, their long-term chart is abysmal. Given their predicted growth prospects, is this a reasonable, low-key speculation for the next 3 years?
Q: results and opinion
Q: Results
Q: Looking better
Q: What are your thoughts about IBI Group Inc. I've been following it (somewhat) for the past few years. It had a good run up until the start of this year and now has been doing poorly. I'm not sure what changed this year.
1) What are your thoughts on why the stock has lost so much value since the start of the year; and
2) Do you think the stock is currently at a good entry point?
1) What are your thoughts on why the stock has lost so much value since the start of the year; and
2) Do you think the stock is currently at a good entry point?
Q: IBG is suppose to be a turn around story due to infrastructure money the liberal gov. promised to spend. Is the stock a buy???
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People Corporation (PEO)
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Pollard Banknote Limited (PBL)
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IBI Group Inc. (IBG)
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Stingray Group Inc. Subordinate Voting Shares (RAY.A)
Q: Good morning.
The charts of these 4 stocks looks technically strong. I would like to know about the fundamentals of each companies and would you recommend to invest into them?
Thank You
Paul
The charts of these 4 stocks looks technically strong. I would like to know about the fundamentals of each companies and would you recommend to invest into them?
Thank You
Paul
Q: Dear Team,
Best wishes for another successful year of trading in 2018!
For TFSA investments, I am considering above stocks. Your analysis and ordering is appreciated!
Z.
Best wishes for another successful year of trading in 2018!
For TFSA investments, I am considering above stocks. Your analysis and ordering is appreciated!
Z.
Q: Prospects
Q: With Aecon in the news, what is your opinion of IBG and should I instead focus on a large cap like STN? Thanks.
Q: I would like to hear you opinion on Universal Forest Products and IBI Group. Thanks in advance.
Leo
Leo
Q: Update
Q: I have had a nice run with IBG, wondering what your thoughts are on this infrastructure play. A guest on BNN recommended TPC as an alternative. What's your take on this sector?