RE:WSP is buyging wood environment unit Precisely the POINT!!
Yeah if you can't beat them then join them. This is a "2023" story as I have stated several times. Facts are facts and BS is BS too. The SNC share price today and more so in this very narrow trading range is total BS too. The company at this stage of its transformation should already have moved the company forward on a price "percentage" basis more along with its peers. It hasn't.
What it simply means is we have delayed the gratification for now. What happens next year when the LSTK contracts are done and the simple folk see for themselves the risks are completely gone and the overhang on the share price from that concern was NOT warranted? It means the share price takes an immediate upswing. Between now and then the qtrly results will show a continuous improvement and the risks will become less and less.
Sad part though is I don't think SNC will be a stand alone business around this time next year. Someone already has their sights on the company and are keeping a ceiling in the price from moving up. Frustrate the weak hands from a boring and depressed share price. They eventually get fed up with waiting and move on.
Has anyone else observed the share prices of SNC's competitors in this space over the last month? They are all down significantly and near 52 week lows. My guess is one of them (WSP) is going to want to make a major splash and wake up the market and buyout SNC. The insiders already have more intel than us and know the risks are gone, Why wait and buy out the company at a higher price when it is obvious to all and will cost the acquirer more next year?
Just the stupid games played in the f'n markets.
Ron