RE:Takacsy on BNN - 25-SEP-2023cabbieJBJ wrote: I recommend listening to the video. Takascy's answer to a caller's question starts at the 10:30 mark. It is a very positive commentary, as has been posted here.
However, he does NOT say, as was previously posted, that a group has acquired 10% of QTRH. What he does say is that a group of investors representing about 10% of ownership got together to push for changes at the board and management levels. Those are quite a different perspectives. Naturally, Takascy likes the changes he pushed for and likes the profitabilty profile going forward.
https://www.bnnbloomberg.ca/market-call/full-episode-market-call-for-monday-september-25-2023~2772114
Thanks for correcting what stockchase.com posted ; I did have my doubts but my Internet these days is problematic ( hills and trees).
Found this today re Guardian Capital. Maybe you could look into it,
Guardian Smart Infrastructure Management Announces First Direct Infrastructure
Investment
TORONTO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (Guardian)
(TSX:GCG) (TSX:GCG.A) announced today that Guardian Smart Infrastructure Management
(GSIM), its direct private infrastructure investment management subsidiary, has made its initial
infrastructure investment. GSIM is focused on investing in the growing number of opportunities
and projects designed to enhance the productivity of new and existing global infrastructure assets
by integrating technological innovations.
As announced separately today, Juniper Holdco AS (Juniper), a company 70% owned by a
subsidiary of Guardian, and 30% owned by Rieber & Son, a Bergen-based privately held
investment firm (Rieber), has entered into a conditional agreement to acquire Rieber’s 62.8%
shareholding in Q-Free ASA (Q-Free) at a price of Norwegian Krone 12.00 per share (the
“Transaction”). Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation systems,
which improve traffic flow, road safety, and air quality.
Subject to completion of the Transaction, which is itself subject to customary closing conditions,
Juniper will make an offer at 12.00 NOK per share to the remaining shareholders of Q-Free as
specified in Chapter 6 of the Norwegian Securities Act.
Funding for the initial investment and proposed follow-on investments was provided by Guardian
and the GSIM management team for a total initial commitment of US$100 million.
Guardian CEO George Mavroudis said, “We formed our infrastructure strategy to invest in the
growing number of opportunities where digital and traditional infrastructure are converging.
Guardian’s infrastructure strategy is managed by seasoned infrastructure investor Rob Mah and
his GSIM team, who, together, bring decades-long experience in the investment industry and,
specifically, in the infrastructure space.”
Mr. Mavroudis added, “This latest development in the launch of Guardian’s infrastructure strategy
is an exciting milestone for Guardian and a testament to the experience and skill of our very
talented team, whose leaders are steeped in the knowledge and experience of investing in private
infrastructure assets. We continue to leverage this significant experience to build the next frontier
of infrastructure investing with our partners.”
“We believe this transaction is a perfect start to launch our investment strategy of infrastructure
value add, utilizing demonstrated and commercial technologies to enhance the operation of
infrastructure assets,” said Mr. Mah. “The Q-Free investment is an important first step in our
strategy of investment in the Intelligent Transportation Systems market. We look forward to
working with Rieber & Son and management to grow this business.”
For further information, please contact:
George Mavroudis
(416) 364-8341
About Guardian Capital Group Limited
Guardian Capital Group Limited (“Guardian”) is a global financial services company, which
provides extensive investment management services to institutional, retail and private high- and
ultra-high-net worth clients through its subsidiaries. As at June 30, 2023, Guardian had C$56.5
billion of total client assets, while managing a proprietary investment portfolio with a fair market
value of C$1.27 billion. Founded in 1962, Guardian’s reputation for steady growth, long-term
relationships and its core values of trustworthiness, integrity and stability have been key to its
success over six decades. Its Common and Class A shares are listed on the Toronto Stock
Exchange as GCG and GCG.A, respectively. To learn more about Guardian,
visit www.guardiancapital.com.
Q-Free ASA is a supplier of Tolling, Parking, Traffic Management and Connected ITS /Connected Vehicle solutions with headquarters in Trondheim, Norway. The company has approximately 380 employees with 17 offices around the world and has been listed on the Oslo Stock Exchange since 2002 with the ticker QFR.