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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Post by JayBankson Mar 01, 2023 10:31am
168 Views
Post# 35312308

Wild action

Wild action

I tend to dislike major news at the same time as Finacials coming out... but it usually tends to happen...

I wonder if the bounce up is due to the market liking finacials or this deal...

Rough numbers: that sale adds about 20-25% into our Equity number released yesterday through its use on the debt number.

It's easy to say nearly 20% pop = the 20ish per cent equity pop, but also need to consider that I believe this got way over sold as at worst this likely only should have fallen into the 14-16 area...

I personally have planned to be out as we approached $20 again in the future, but I'll reassess when that becomes a more plausible number lol... This was fully a buy something that was being dumped startegy for myself...

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