Post by
Gabriel on Jul 29, 2022 9:49am
Stock price
I shared on this board the value of SNC based on the market value of Professional Services and Capital. Excluding capital, professional services is trading at 25% of sales (1.5B vs 6B) whereas Sweco, Tetratech, Stantec, Jacobs, WSP end other engineering services at trading at 1.5 to 3 times sales.
I also shared on this board the interview with Jeff Bell, CFO, confirming mid June that losses associated to the three remaining LSTK contracts are well below the maximum of 300m announced as worst case scenario in Jan 2022. This is consistent with what was announced in January.
The LSTK projects are delayed due to : 1) supply chain disruptions originating from the East and trickling down the chain, and 2) absenteeism and most importantly 3) longer testing period. The latter was a key finding of the confederation line hearings. These delays do not have a material effect on us since most of the work is done by the train providers and the automated systems.
Comment by
Gabriel on Jul 30, 2022 5:27pm
I thought you said you had sold 75% of you BIR position 19 days ago, that is before the 12% spike from 8.80$ to 9.85$, no? Let me check. You did puss'cat you did. What a bad timing. I https://stockhouse.com/companies/bullboard?symbol=t.snc&postid=34838561