Black Diamond Group Ltd T.BDI

Alternate Symbol(s): BDIMF

Industrials

Black Diamond Group Limited is a specialty rentals and industrial services company. The Company owns a portfolio of businesses that solve the space, accommodation and travel needs of organizations around the globe. Its segments include Modular Space Solutions (MSS) and Workforce Solutions (WFS). The MSS segment, through its brands, BOXX Modular, Britco, MPA, Schiavi and CL Martin, owns a rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. The WFS segment, through its brands, Black Diamond Camps and Black Diamond Energy Services, owns a rental fleet of modular accommodation assets of all types and sizes. It also includes its wholly owned subsidiary, LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America.

TSX:BDI - Post by User

Black Diamond Group Ltd

<< Previous

Bullboard Posts

Next >>

Post by Norwood66on May 10, 2021 11:36am

171 Views

Post# 33165026

RJ Summary

Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50.

Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50.

Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50.

Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50