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Bullboard - Stock Discussion Forum Atlas Engineered Products Ltd V.AEP

Alternate Symbol(s):  APEUF

Atlas Engineered Products Ltd is a Canada based supplier of trusses and engineered wood products. It is engaged in principal activities of manufacturing trusses for commercial and residential buildings and delivering to its customers on Vancouver Island and the Lower Mainland. The company operates in the geographical segment located on Vancouver Island. The group generates revenue from the business segments of Trusses, Engineered wood products, Freight and Steel.

The Market Herald Price Sensitive
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@ the Bell: Markets start second half of '22 trading on upbeat note
Canada’s resources-heavy stock index rose on Monday as oil prices gained and investors returned from a long weekend to purchase riskier assets that have been battered by concerns over a global... read article.
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It has been a sizzling few days recently for most of North America, both weather-wise and for investing discussions. The markets face a rate hike in the U.S., ongoing inflation, rising oil and... read article.

RE:RE:EV = $35.7 million and TTM cash flows of $11.8 million

Agree, I am adding as well... maybe housing prices are going down which will sooner or later affect housing starts the stock is just too cheap to ignore.    rate and reply

RE:EV = $35.7 million and TTM cash flows of $11.8 million

Ridiculously cheap,  I could not resist, I have been buying shares    If trailing twelve months operating cash flows were to be cut by half, Atlas would still be cheap.  ...read more

New Press Release - Atlas Engineered Products CEO Terminates Automatic Securities Disposition Plan

NANAIMO, BC, June 21, 2022 /CNW/ - Atlas Engineered Products ("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) announces that its President and Chief Executive Officer, Hadi Abassi, has terminated the automatic securities disposition plan (the "ASDP") previously announced in the Company's...read article.

RE:1.6 million shares re: Abassi

The ASDP will allow for an orderly disposition of a portion of Mr. Abassi's shares in the company at prevailing market prices over a period of 12 months. Mr. Abassi intends to have up to 1.6...read more

1.6 million shares re: Abassi

Today, if i am not mistaken, the 1.6 million shares owned by Atlas stakeholder Mr. Abassi were sold @ .47 AUTOMATIC SECURITIES DISPOSITION PLAN ESTABLISHED BY ATLAS ENGINEERED PRODUCTS CEO https...read more

Canadian housing starts in May, an 8% increase over April

I remain optimistic that Atlas will post good numbers for this quarter and the next quarter.    Current share price is a very good entry point. https://economics.td.com/ca-housing-starts...read more

New Press Release - Automatic Securities Disposition Plan Established by Atlas Engineered Products CEO

NANAIMO, BC, May 31, 2022 /CNW/ - Atlas Engineered Products ("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) announces that its President and Chief Executive Officer, Hadi Abassi, has established an automatic securities disposition plan (an "ASDP") in accordance with applicable Canadian...read article.

Lumber price

Chicago lumber futures were trading around the $650-per-thousand-board-feet mark, a level not seen since last November and now roughly 60% down from a 10-month peak of $1,480 touched in March, as...read more

RE:RE:EV = $35.7 million and TTM cash flows of $11.8 million

Page 4 of the MDA OUTLOOK The Company’s objective for 2022 is to continue focusing on improved operations, equipment utilization, and technological advancements to benefit and enhance the...read more

RE:EV = $35.7 million and TTM cash flows of $11.8 million

Totally agree its cheap... but I guess mkt is scared of housing slowdown caused by raising interest rates which might affect their results.  At least thats what I think is hindering the current...read more

EV = $35.7 million and TTM cash flows of $11.8 million

Ridiculously cheap Share price                 $0.54 Cash     ...read more

New Press Release - Atlas Engineered Products Reports Record First Quarter Financial and Operating Results

Revenues Increased 35%, Net Income Increased 2953%NANAIMO, BC, May 24, 2022 /CNW/ - Atlas Engineered Products ("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) is pleased to announce its financial and operating results for the three months ended March 31, 2022. All amounts are presented...read article.

Q1 Earnings Filed

Q1 earned $0.03 basic or $0.02 diluted.  Revenue grew 36.2% in Q1 2022 compared to Q1 in 2021.  Q1 Gross margin 31% in 2022 vs 19% Q1 in 2021.  For further details please see filings:&...read more

RE:RE:RE:RE:I love a bargain, Atlas is cheap, profitable and growing

Thanks for pointing out that 10m warrants expired.  I thought they still existed.  rate and reply

RE:RE:RE:I love a bargain, Atlas is cheap, profitable and growing

On December 31, 2021, there were 57,750,730 shares outstanding, there were 2,712,500 options outstanding and there were 12,148,019 warrants that could be transformed into shares.  Potential...read more

RE:RE:I love a bargain, Atlas is cheap, profitable and growing

Totally agree, massive dilution limited the return.  Even now there is still warrants/options outstanding (all in the money of course) making the diluted outstanding shares @ 77,063,773...read more

RE:RE:I love a bargain, Atlas is cheap, profitable and growing

Atlas began trading on the venture exchange after a reverse takeover done in September 2017.  By the end of the first Fiscal Year (2018-05-31), Atlas had 30,730,405 shares outstanding. ...read more

RE:I love a bargain, Atlas is cheap, profitable and growing

To   summarize    the   shares   went   from   .52   to  .62   over  4  years   ,  meaning...read more

I love a bargain, Atlas is cheap, profitable and growing

So how cheap is Atlas Engineered Products?   At $0.62, the market cap is $38,790,000 ($0.62 X 62,566,049 shares) and enterprise value is $35,602,000.  Revenue for FY 2021 was $55,000,000...read more

RE:In my city

and I believe that if you believe that, you don't know what you're even talking about. Besides, AEP doesn't just supply trusses. It also supplies a variety of beam types and lengths, for...read more