IBI Group Inc T.IBG.DB.E

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IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land surveying, highway and road design, and indigenous engagement and relations. The Company¿s services also include interiors, land use planning, landscape architecture, mechanical engineering, municipal infrastructure, operations and maintenance, parametric design, placemaking, planning and urban design, public outreach, research and development, software development, systems engineering, traffic engineering, transit planning, transportation engineering, visualization, water resources management, and water/wastewater. The Company has over 60 offices in major urban centers across the globe.

TSX:IBG.DB.E - Post by User

IBI Group Inc

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Comment by nuveux13on Nov 15, 2013 11:57am

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Post# 21910094

RE:Unadjusted actual net income is $6,399,000.00. Huge!

I hope I'm wrong, but this SP massacre is NOT an income issue, it is a debt issue. Consider this:
IBI Net income $6.4M. IBI has defaulted on $92M loan (did not meet EBITDA covenant). IBI must urgently obtain new $46M Debenture debt in 6 weeks or be subject to liquidation. This is why IBI stock is trading at $1.3 and Debenture at $34 (ie a 66% probality that the 2017 and 2018 maturity debentures cannot be repaid)

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