Atkinsrealis Group Inc T.ATRL

407ETR

[Gabriel]

407 ETR Q2 results out

We are roughly 20% below the prior 2019 peaks; this is a marked improvement vs. -70% in early 2021.

https://407etr.com/en/highway/news/news-release/2021/news-release2021-07-15.html

TORONTO, July 15, 2021 - 407 International Inc. (the “Company”) announced today revenues of $212.2 million for the second quarter of 2021, compared to $129.6 million for the same period of 2020. Earnings before interest, taxes, depreciation and amortization (“EBITDA”1) totalled $179.4 million for the second quarter of 2021 compared to $93.4 million for the same period of 2020. The Company reported net income of $24.7 million for the second quarter of 2021, compared to a net loss of $46.9 million for same period of 2020.

The Board will continue to monitor the impact of the COVID-19 pandemic and review any potential dividend distribution to shareholders, as appropriate.

COVID-19 PANDEMIC

The Company remained focused on the health and safety of customers, maintaining the highway as an essential and safe transportation corridor and encouraging employees to work and serve customers remotely where possible. During the second quarter of 2021, traffic volumes were higher by approximately 52% as compared to the same period in 2020, primarily as a result of the lifting of stay-at-home orders and easing of COVID-19 restrictions. A three-stage re-opening roadmap based on vaccination threshold rates was announced by the Province in May 2021. As the Province entered the first and second stages of re-opening during June 2021, the Company has experienced a gradual increase in traffic volumes and expects further improvements as vaccination levels increase and the Province enters the third stage of re-opening. Despite the impact of the COVID-19 pandemic on overall traffic volumes and revenues, the Company maintains sufficient liquidity and expects to be able to satisfy all of its obligations in 2021.

[Ronbromleygross]

In addition to your comment about the 407 Gabriel, I live in Toronto and am a 10 minute drive south of the  407.  I can see first hand the volumes of traffic on the 407 starting to fill up.  At least much higher than 1 year or so ago.  In Ontario we should be back to full traffic by labour day.  The June to September qtr results from 407 will look much better than the

[Gabriel]

Thanks Ron. This is an important input as about 14$ of the share price rests on the 407. Price obtained on the 10.01% stake in April 2019: 3.25B Price of remaining 6.67% stake = 3.25 * 6.67/10.01 = 2.165B or 12.34$ per share. Increase in value (2019-2022) based on lower borrowing rate + toll fare increase=13.43$ per share. Other concessions evaluated by NBF at 2.57$ per share. Total: 16$ per

[Alexcanada]

Assuming that Atkins if worth today as much as they paid for it back in 2017, this means an additional 6$ per share (175M outstanding shares) For a total of 36$ per share  So maybe next earnings report is going to get us back up to 33-35$ At 35$, I am selling some. 

[finalstep]

????? Good earnings ans we go over 37, Bad earnings and go 27. Vendre a 35 ??????

[Alexcanada]

Wouldn't you be happy at 35$ ? I know I would Yes, in a few years, with the right CEO, right market conditions, etc. SNC might be worth over 40$ or even 50$, but you need to sell at one point to realize some gains  At 35$, I'll leave only my profits invested (house money).

[finalstep]

Si on vas a 35 on ira plus haut....

[finalstep]

mais si nous sommes sous les attentes, nous repassons sous la ligne de 27.....

[finalstep]

nous tions dans un march haussier et l'incomptence de Edwards et de la direction de snc n ont pas fait leurs travail, Nous arrivons dans un march baissier qui vas rechercher une correction importante, Snc sera entrane avec les autres, nous reverrons possiblement des niveau innaceptables et grce a Edwards

[Gabriel]

And Nuclear, most of which came from SNC Lavalin acquisition of Candu + SNC L engineering (before Atkins) which is not a small piece. That latter unit by itself was the jewel of engineering in Canada and in my opinion still is.