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IBI Group Inc T.IBG.DB.E

Industrials
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 HamSandwichon May 06, 2016 12:08am
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Post# 24846878

RE:RE:RE:RE:RE:nice lil breakout to 52wk highs on ibg....

RE:RE:RE:RE:RE:nice lil breakout to 52wk highs on ibg....
nkbourbaki wrote: Calgary -

I don't understand your comment regarding upside of the debs and no double.

To double from here the common needs to hit roughly $9.  

Ignoring the coupon, the .DB series doubles from today's price (roughly par) if the common hits $10 before maturity.  Add in the 7% coupon (without any compounding and forgetting the upcoming June payment,) and we get  a double when the common hits $8.95.  (Solve for x:  200 = 100/5 * x + 3*7.)

So with the debs you get pretty much all the upside of the common plus some additional security. Definitely still compelling. I would expect the debs to trade pretty much lockstep with the common once we're past $5, with the appropriate premium to account for the coupon.

The B series is a different matter, of course. When the common dipped down below $3.80 I considered unloading my B's and grabbing more shares.  I wish I had done more than consider that move!


Yeah at $3.80 it's a much tougher call than at $4.45. 

I'm in pretty big on the debentures, sold by C series to get more .DB.   I only own .DB now.

I think the debenture market in Canada is really inefficient, see some weird pricing on other ones as well.
Bullboard Posts
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