TSX:ENGH - Post Discussion
Post by
luberon on Jun 16, 2020 10:12am
Enghouse seen as emerging tech force
Globe says low-key Enghouse seen as emerging tech force Enghouse Systems Ltd (C:ENGH)
Shares Issued 54,996,924
Last Close 6/15/2020 $69.75
Tuesday June 16 2020 - In the News
The Globe and Mail reports in its Tuesday edition that low-profile Enghouse Systems ($69.75) of Markham, Ont., is part of the Canadian tech grouping that gobble up slow-growing or declining businesses. The Globe's Sean Silcoff writes that others in this group include Constellation, Open Text and Descartes. Enghouse specializes in paying low prices for troubled businesses that supply software used in contact centres, telco networks, transport systems and video conferencing. Enghouse quickly fixes the operations, enabling it to recoup the investment, typically within its target period of five to six years. Stephen Sadler took over as chief executive from founder Claudette MacKay-Lassonde just before she died of cancer 20 years ago. Under Mr. Sadler -- whose 13.8-per-cent share of Enghouse is worth more than $500-million -- Enghouse has generated steady shareholder returns including 12 consecutive years of dividend increases. Mining promoter Pierre Lassonde, Ms. MacKay-Lassonde's husband, is an Enghouse director and owns 11 per cent of the stock. Revenue and earnings are increasing sharply, and all five analysts who follow the stock have bumped up their price targets, with RBC, CIBC and TD all moving to $75 a share.
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