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Bullboard - Stock Discussion Forum Spark Power Group Inc T.SPG

Alternate Symbol(s):  T.SPG.W | SKPGF

Spark Power Group Inc provides electrical power services and solutions to North American industrial, commercial, institutional, renewable, and agricultural customers, as well as utility markets including municipalities, universities, schools, and hospitals. Its segments are Technical Services, Renewables, Sustainability Solutions and Corporate. Prime revenue is earned from the Technical services segment which includes the New Electric, Spark High Voltage, Orbis, Lizco and 3-Phase CGUs. It has...

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RE:They will have to raise cash in the medium-term

This press release was obviously done to try to offset the share price slide seen over the last 30 days or so. It did get some recovery today. Based on the timing I'm not sure if they are basing...read more

They will have to raise cash in the medium-term

Capital The Company does not anticipate requiring or raising additional capital in the near-term (see "Forward-Looking Statements"). Keyword is 'Near-term'   rate and reply

NEW LISTING: FansUnite Now on Toronto Stock Exchange

"By trading on a larger exchange, we are in a position to have greater reach to domestic and international institutional investors that are looking to add an established gaming operator to their portfolio.” - Darius Eghdami, President of FansUnite ...read more

New Press Release - Spark Power Provides Corporate Update

Positive Trends in Revenue and Gross Margin Continue Anticipates Improved Q2 2022 EBITDA Performance (Spark Power reports in Canadian dollars unless otherwise specified)OAKVILLE, ON / ACCESSWIRE / June 13, 2022 / Spark Power Group Inc. (TSX:SPG), parent company of Spark Power Corp...read article.

RE:RE:RE:RE:RE:RE:RE:Will hit 50 cents within the next 30 days

just a matter of days   rate and reply

RE:I like this stock

Forgot to add that they are carrying lots of debt and thats one concerns why I'm not in but if it selloff then I'll make the decision. GLTA . This link has nothing to do with this stock but...read more

I like this stock

I like this stock and have been thinking about buying some but its not in favour, their revenues are great and they have lots of cash and only 90mil shares. I think that I'll pick some up on any...read more

New Press Release - Spark Announces Results of Voting at Annual General Meeting of Shareholders

OAKVILLE, ON / ACCESSWIRE / May 26, 2022 / Spark Power Group Inc. (TSX:SPG), parent company to Spark Power Corp. ("Spark Power" or the "Company"), is pleased to announce the voting results from its Annual General Meeting (the "Meeting") of shareholders held yesterday. Spark Power is pleased to...read article.

RE:RE:RE:RE:RE:RE:Will hit 50 cents within the next 30 days

Bullfrog has been sold a number of times (most recently to Spark - what was that - in 2018 or so). it was at that time, about 4 times EBITDA with a VTB of everything but 2 million. My guess is that...read more

RE:RE:RE:RE:RE:Will hit 50 cents within the next 30 days

All fair points.  No doubt this is 100% speculative.   I still think they should sell Bullfrog as a partial if not total solution to their leverage, which is not uber high runniing at...read more

RE:RE:RE:RE:Will hit 50 cents within the next 30 days

To address your last paragraph first: 1. Paying a fee for a covenant waiver is certainly common (banks make money on fees). I believe the other waivers were something like $25k. I'm not surprised...read more

RE:RE:RE:Will hit 50 cents within the next 30 days

A/P is debt but also part of WC and Cash, A/R and Inventory added up and A/P is deducted.   In the case of SPG:  A/R + Inventory = 71.2mm.   A/P = 46.7.  WC is a +24.5mm...read more

RE:RE:Will hit 50 cents within the next 30 days

Accounts payable is still debt (although trade debt is normally unsecured). Lease liabilities are also debts (at least according g to IFRS)   You are correct about equity although the value is...read more

RE:Will hit 50 cents within the next 30 days

"SPG now has a total debt of $155 000 000 and it keeps growing fast." -->  Really?  SPG has Total Debt of $82.7mm excluding leases (commonly deducted from total debt in all...read more

Will hit 50 cents within the next 30 days

  SPG now has a total debt of $155 000 000 and it keeps growing fast.  Net losses are also growing, they will never be profitable, will never be able to repay their growing debt...read more

RE:RE:RE:RE:Who would have thought that releasing results on Friday PM..

That is fair.  But you are not significantly short so unless you have some in-depth analysis based in IFRS or GAAP accounting fundamentals, get off this board and move on to one of the other...read more

RE:RE:RE:Who would have thought that releasing results on Friday PM..

I would not touch this with a 20 foot pole. There are so many great companies out there where to park your cash.  rate and reply

RE:RE:Who would have thought that releasing results on Friday PM..

1) Revenues grew 25% yoy.  Rather stunning growth 2) They guide to 48-49mm of SG+A which is about what they did in 2020 so that will snap margins back to where they were previously 3) That Going...read more

RE:Who would have thought that releasing results on Friday PM..

I guess we didn't look at the same results, I see lower gross profits and a bigger loss (2,139M). But more importantly this part should not be ignored; Going Concern The Company is required...read more

Who would have thought that releasing results on Friday PM..

That results would should a signiificant improvement??  Well, they did.  Revenues up a lot and EBITDA improvement vs last quarter.  Have no idea why they wanted to release on a Friday...read more

Q1 Results

The Company plans to release its first quarter financial statements after markets close on Friday, May 13, 2022. I think we all know what that means...  rate and reply