Bullboard - Stock Discussion Forum 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... see more

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Aecon Group Inc > Expectation on Q$

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Post by sergio2go on Feb 28, 2023 1:22pm

Expectation on Q$

Any thoughts on tomorrow's financial results. I personnaly don't expect much...

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Comment by JayBanks on Feb 28, 2023 1:53pm

I'm hoping for a dividend increase, pretty positive by the sounds of project announcements the backlog is larger... the big question will be how the actual balance sheet sorts out and if the market thinks it's better than it has looked previously... I've bought in (@ 9.75) for the turn around story as I felt this got way to cheap, hoping to get out in the 19-20 range within 2 years ...more

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Comment by sergio2go on Feb 28, 2023 2:16pm

An increase on the dividend his highly probable their payout ratio is very good. On the long term, this stock is a winner for sure. A low debt, a solid backlog will help to get true a possible recession. Even at the current price of $10.30 this stock is undervalued. Looking forward for a better outcome on the price share that should double during the next two years. Just saying...

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Comment by JayBanks on Feb 28, 2023 4:46pm

No dividend increase... Most numbers look decent in my eyes someone else likely knows better... Backlog is bigger, but I thought would be more significant... Major flag I see is the Per share numbers really got hit hard, I don't know if that's meaningful or was expected, or the reason for it... Still happy to hold and may add more if this falls more at some point...

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Comment by radcat on Feb 28, 2023 5:29pm

Good revenue number but not so great profit number. Glad to see the dividend isn't affected. Was hoping for a 1.5 cents per Q bump to $0.80 per annum, and that ARE would follow BIRD with a divi bump. Will have to wait for that one. We'll see what shareholders think of the results when they get to cast their vote by logging onto their trading platform in the morning. Wish the TSX would ...more

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Comment by daniel004 on Feb 28, 2023 6:44pm

I'm with you radcat. Love the current yield and the share price discount. I'm actually hoping the share price stays in the current price range this year so I have more time to accumulate. GLTA, Dan

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