Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Alexcanadaon Oct 28, 2023 9:20am
184 Views
Post# 35705535

RE:RE:RE:RE:RE:RE:RE:Dividend Q-2 vs. Q-3

RE:RE:RE:RE:RE:RE:RE:Dividend Q-2 vs. Q-3

- As you say, it's been a long-term component of our capital allocation has been very consistent and tries to be very consistent over a long period of time around how we think about dividends. We think it brings a certain amount of discipline to the business when it comes to capital allocation.

As we think about it going forward, we're focused on the long term. We're focused on the fact that the vast majority of the business is producing significant EBITDA with good cash flow dynamics. We talked about earlier the fact that we feel we turned the corner from a working capital perspective on the legacy projects. Our view is if the dividend is a key part of the capital allocation program, and we have plenty of other options around growing the business and M&A and we're not worried about constraints in the context of the dividend policy. (David Smales)
-
And by far, I mean, strategically it was our preferred future partners. And I think this is important. (Jean-Louis Servranckx, speaking about Oaktree)
-
But I think we'll be at least relatively close to free cash flow breakeven this year with a few it to be a little bit either way, but fairly close to free cash flow neutral for the year. (Jean-Louis Servranckx)

As I said part of the cash flow from these recent agreements will come in in the first half of 2024. So that trend should continue as we go into next year in terms of unwinding working capital from those projects. (David Smales)

<< Previous
Bullboard Posts
Next >>