RE:CIBC never had research coverage on STCI acknowledge your correction , marketbeat does some strange things with current prices but usually is reliable.
Since you seem to be actively posting on Sangoma - what's your thought about this email ? I sent to retiredcf awhile back ( which has gone unread - not upset by that because they work hard)
"Here's an exercept from the first BMO report ( December, 2021) on the company ; I'd be interested in your reaction. I'm not impressed by that ROIC.
"We estimate that Sangoma has deployed
over C$700 million in capital on acquisitions, funded by C$116 million in equity (at a weighted average
price of C$12.93 per share), $151 million in debt, and the balance in cash and future share issuance.
Through this period of significant investment, management maintained a solid discipline for organic
growth and cash flow margins, which have averaged 10% and 14%, respectively, over the last 10 years,
and average ROIC of 3.7% over the last five years, despite a 29-fold increase in invested capital over the
same period (excluding adjustments for one-time costs).
| To: | retiredcf |
| Date: | 6/7/2022 9:19:24 AM |
| Subject: | Sangoma Technologies" |