Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s): SNCAF

Industrials Conglomerates

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.

TSX:ATRL - Post by User

Atkinsrealis Group Inc

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Post by NiN777on Jul 31, 2019 8:45am

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Post# 29978561

Article in Journal de Montreal (French) 26 July 2019

https://www.journaldemontreal.com/2019/07/26/snc-lavalin-renonce-au-projet-de-refection-du-tunnel-la-fontaine

"SNC renonce galement au moins trois autres projets ailleurs au Canada : le prolongement du SkyTrain (2,8 G$) et le remplacement du pont Pattullo (1,4 G$) en Colombie-Britannique ainsi que la construction d’une nouvelle ligne au train lger d’Edmonton (2,6 G$) en Alberta."

Google translate: SNC also renounces at least three other projects elsewhere in Canada: the extension of the SkyTrain ($ 2.8 billion) and the replacement of the Pattullo Bridge ($ 1.4 billion) in British Columbia and the construction of a new line Edmonton light rail ($ 2.6 billion) in Alberta.
At 5% margin these are about 340 millions over a few years, revenues will be down for the next couple years but we should see some black ink.

I'm not sure I want to be hammered after earning, hard to see how much is "baked-in the cake". I'm particularly concerned about the silence about 407 ETR sale, the S&P downgrade and what else is going to blindsind us out of the wood-work. Definitely not a seller at 2005 rock-bottom price.

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