Atkinsrealis Group Inc T.ATRL

Bingo and al

[Gabriel]

Table comparing SNC to peers prepared by NBF and dated January 7.

Note that construction firms such as BIRD, AECON, North American Construction, Fluor and Tutor Perini trade at a lower multiple.

Now that most of the revenue is from Engineering Services and we are getting out ot construction, the multiple should be like those of Tetratech, Jacobs, Stantec, AECOM,..

https://www.dropbox.com/s/6glz7q8vmqxg4la/IMG_8041.jpg?dl=0

[sunshine7]

So 2 catalysts for SP appreciation: increased earnings + increased multiple. Nice

[Gabriel]

NBF sees 766m EBITDA in 2022 based on whatever guidance they have and their own projections. With this kind of earnings, SNC will be in a shopping mode or a target if the PE remains that low. I say buyback shares at this price.

[Megasupreme]

Share buyback makes sense with such a low PE multiple and low interest rates. The buyback can be funded by the sale of 407 or bond sale, etc. 

[tomperns]

Alot of things make sense, but why are they not doing any of them. That's the unanswered question. And why are the major shareholders so passive?

[Gabriel]

They said they will do both (dividend hike and buyback - see on website previous buybacks) after resources LSTK contracts are completed and they are close to complete. They also confirmed to me directly what they have already earlier indicated in that they are considering them early 2021. i am also submitting two motions for this through one of the three main shareholders with his support for us

[tomperns]

Thank you for all your work and information you share Gabriel.