Bullboard - Stock Discussion Forum Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s): SNCAF

Industrials Conglomerates

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes... see more

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TSX:ATRL - Post Discussion

Atkinsrealis Group Inc > Back working for the WB (removed from black list)

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Post by Gabriel on Oct 13, 2020 8:03am

Back working for the WB (removed from black list)

https://www.snclavalin.com/en/media/trade-releases/2020/2020-10-13?utm_source=Alert-En&utm_medium=Email&utm_campaign=Trade-releases

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Comment by Gabriel on Oct 13, 2020 3:56pm

The WB suspension has been lifted. https://financialpost.com/investing/snc-lavalin-bribery This means SNC will be using Atkins to access an agency that spends12B per year. That's why we dropped today. Plus we will win the Eglinton case.

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Comment by Bigger123456789 on Oct 13, 2020 6:27pm

Hi. Thanks for the post. Just curious. Why would this mean a drop today? Isn't it bullish?

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Comment by Gabriel on Oct 13, 2020 9:20pm

This means they have been removed from the "black list" and can therefore go after mega projects funded by the Asian Development Bank (ADB), the European Union Fund, the Millennium Challenge Corporation (MCC),.. they all share their lists. Means you are out from all if blacklisted by one. What we are talking about: https://www.adb.org/news/asia-infrastructure-needs-exceed-17-trillion ...more

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Comment by Bigger123456789 on Oct 13, 2020 9:23pm

Thanks Gabriel.

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Comment by jetski on Oct 13, 2020 10:13pm

I'm still now following why being removed from the blacklist would drive a drop in the share price? Given the pool of available contracts now shouldn't that be extremely bullish?

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Comment by Bigger123456789 on Oct 13, 2020 10:32pm

Dow down tsx down, just algos selling imo.

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Comment by Bigger123456789 on Oct 13, 2020 10:33pm

Still trading within the 21 to 25 range.

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Comment by Bigger123456789 on Oct 13, 2020 11:02pm

I'm just surprised that this news wasn't released to the market via offical PR regarding World bank contracts. Based on the post below it was posted on SNC website. Wouldn't this be considered material info?

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