TSX:IBG.DB.E - Post by User
Post by
Calgaryrideron Nov 07, 2018 7:57pm
165 Views
Post# 28940926
Earning tomorrow after close
Earning tomorrow after closeWhat did everyone expect.
I’m expecting strong EBitDa / margins out of Canada and the UK (yes, the UK) after seeing the pipeline of projects just continuing to grow. IBI opened another office or two in India as well (see twitter).
The wildcard, again, is the US side of the business, which i hope they are almost done with cleaning up.
I expect EPS to be at least partially impacted by the accelerated payout of interest-related expenses on the convertible Debs. (Maybe 5 cents / sh? - easy math) I think this was strategic. This year’s been a wash (the market is asleep on IBI) so why not get the expenses out of the way now and add to your profits, cash flow and (hopefully dividends) in 2019?
I’ll also be interested to hear more details on when the smart city initiatives/platform start generating some real revenue and (later) cash flow.
If anyone gets analyst’s comments either before or after the earnings release, please share!