RE:RE:NewsTom,
Thank you for your post. There is a substantial amount of short sales (5.6% now of the float on SNC and SNCAF) which Larry MacDonald from the Globe initially reported.
7.5m shares shorted on US market - SNCAF
Source: https://www.marketbeat.com/stocks/OTCMKTS/SNCAF/short-interest/
2.3m shares shorted on the TSX - SNC
Source: https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/consolidated-short-position-report.aspx
SNC top management is surely aware of the substantial undervaluation by the market and of the significant shorting on the stock and they have indicated during Q2 earnings call in May, that they had plans for the future.
With the completion of the resources LSTK contracts, it is fair to expect, for shareholders including employees benefiting from share purchase plans, that top management will announce a share buyback program and an increase in the dividends. I also expect full clarity on Infra LSTK contracts and upbeat guidance considering government spending programs in the UK and the U and a result of the comprehensive rationalization program in place.