Aecon Group Inc T.ARE

Eglinton LRT

[Gabriel]

• Still no Eglinton Crosstown opening date as officials provide small west extension update

“We’re in testing and commissioning. That process is still ongoing, so I don’t have a date right now for when that’s going to be open. We’re in the process and continuing to make good progress every month,” Hope said when asked about a possible opening date.

Over at Caledonia station outside Westside Mall on Eglinton Avenue West, just west of Caledonia Road, the Eglinton Crosstown station is largely finished as well.

https://toronto.citynews.ca/2024/06/02/mount-dennis-caledonia-stations-toronto/

[Kupotea]

Looks like a software patch for train control was scheduled to be released this month. Based on the last update this is the largest remaining obstacle for completion: https://canada.constructconnect.com/dcn/news/infrastructure/2024/03/major-construction-complete-on-eglinton-crosstown-lrt-but-delays-persist-in-other-areas If the patch goes well i could see an announcement in July for a

[Gabriel]

As in any construction project, the consortium acting as general contractor of which we are part of, would claim all incurred costs associated to the error made by the sub entrusted with this activity. It's only a matter of time we are reimbursed. Same for the CGL project. As a note, I would like to remind fellow shareholders that this company is basically net debt free considering th

[Kupotea]

Gabriel I just wanted to say you're my spirit animal. Keep up the good work.

[Henrye]

Julien especially pointed out the metrics today as extremely unique as you point out! He pointed out the Oak tree recent valuation with a smile! Oak tree is not in a habit to over pay! There are so many positive moving parts that one by one will materialize over next 3 Q's  As we keep saying, fasten your seat belts.  ,,,, by the way CGL  settlement is not an if , its going to

[Henrye]

This was meant to incorporate into Gabriel's response's and post! All good!

[Gabriel]

Thanks. Very appreciated. I have already shared and explained my plan to take the stock to 50$. It was too early for me to come this year but will not miss the next one. Every day we have smarter hands taking ownership. Again thank you for attending.

[Henrye]

God willing, we will attend next year!  Today left me with a feeling that clearly verified your detailed explanation re Aecon becoming a $50 stock !  No way in the World ,  Jerome would switch hats for Aecon, for mediocre results . Oh my god , after chatting with him, he gave me the impression that he has held this position for years  , yet only for short few weeks. I simply

[Alexcanada]

Playing devil's advocate here : - on annual meeting day, stock loses another 1.72% while overall market is down 0.53% - we are making lower lows in the last trading sessions - consistantly trading for a few days under MA(50) ; EMA(20) under MA(50) : one year ago, we lost 5$ (40%) after may high. - next level of resistance is around 13.5$ - still 3 weeks until june 25th my advice

[Henrye]

There is a growing amount of buyers on the sidelines who are scooping undervalued bargain shares and are very appreciative to those that spook easily and lose their nerve by selling.There are many willing buyers that smell intrinsic underlying value! John mentioned today to all that a record number of shareholders voted this time and he was pleased with the renewed growing interest in Aecon and

[Gabriel]

Excellent post Henry. Thank you for your valuable feedback today. It's almost as if I was there... 

[Gabriel]

Regarding technical analysis: The rate of success of technical analysis as first generation predictors of market performance has been questioned in many academic research work except possibly for the RSI and to a lesser extent the MCCD, because deep learning systems or second generation predictors of market performance that are now used by banks and some funds have been spotting opportunities

[Henrye]

Perfect food for thought Gabriel based on reality. As we see Aecons upwards swing this morning, clearly there were shrewd opportunistic buyers or a specific professional buyer continually amassing. Aecon is an INSANE buying opportunity.  Gabriel , can we refer to Aecon as a " Diamond in the rough " that needs polishing and its clarity will soon be exposed for all to see ? 

[Gabriel]

I second that.

[Henrye]

Gabriel, most don't realize that yesterday's market cap below 1 billion is nearly the value of the utility division as stand alone department. lol , loud and clear, then what is the value for Nuclear and others? What about the 5 mega projects not included yet  in backlog with new new safeguard profitable pricing strategies to assure margins? .... and that is why your 50$ is realizable

[Gabriel]

And concessions, generating more EBITDA than the 407 share of AtkinsR which is valued at ~ 2B based on the latest sale of another chunk in April 2019. Rates went down today so the net present value of concessions went up (discounted future earnings have a higher value with lower rates). 

[Henrye]

Exactly! Its mind boggling! Re true valuation and current stock price! Have a great day!

[Henrye]

Forgot to share another very important development at the agm yesterday. I had the opportunity as well to meet with the 3 new directors. In my humble opinion! Simply WOW , very up beat, energetic, knowledgeable, 3 new directors with an extremely good mix of talent that no doubt will benefit our company. These appointments were very important and highly scrutinized to fit Aecons needs for the

[Henrye]

4.63% upside right now from yesterday and I explained yesterday as it's a deliberate glitch in favour of shrewd buyers! Did you notice how the volume is there as buyers are lining up to snap any shares the sellers are willing to part with! As I said for the 3 rd time, fasten your seat belts and enjoy the ride on way to Gabriel's magic number 50$ . In fact buy at any price up to 23$ and don