NFI Group Inc T.NFI

Alternate Symbol(s): NFYEF | T.NFI.DB

Industrials Business Equipment

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).

TSX:NFI - Post by User

NFI Group Inc > Back to $10.10

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Comment by JohnSPon Aug 16, 2023 1:02pm

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Post# 35591249

RE:Back to $10.10

Actualy share price hasn't really budged, still at CAD11.9.

But darn, second dilution:
"whereby certain funds managed and/or advised by the Investor have agreed to subscribe for and purchase from the Company an aggregate of 5,000,000 Shares, on a private placement basis, at a subscription price of C$10.10 per share (the “Subscription Price”), for aggregate gross proceeds to NFI of C$50,500,0001 (approximately $38,113,000")."

But yay, did you see the forecast EBITDA for 2024 & 2025, zowey!

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