Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Comment by Gabrielon Apr 26, 2024 8:43pm
130 Views
Post# 36010563

RE:Legacy Projects Impact on FY24

RE:Legacy Projects Impact on FY24The gap between the projected cost to complete and the projected payments based on the contract is expensed at the end of the quarter so that the projects are completed at cost. They had it right as of December 31 so no further adjustements were made on March 31.

Claims cannot be added to receivables unless approved by the owner or the delegated engineer as the case may be.

Any settlements will reflect when agreed. 

In my humble opinion, the most important green flag yesterday was the statement by the CEO that they will not negotiate a settlement with Coastal GasLink for claims totalling 1.2B considering the wait time is about 6 months. In my experience, when a contractor prefers to wait 6 months for the arbitration, it is because he has a very solid strong case. 

Have a great WE everyone.
Gabs (- 3% of the shares)
<< Previous
Bullboard Posts
Next >>