Atkinsrealis Group Inc T.ATRL

WSP La Presse

[Form001]

https://www.lapresse.ca/affaires/chroniques/2022-08-10/trois-acquisitions-en-trois-mois/wsp-en-mode-accelere.php

[Gabriel]

WSP's three acquisitions this year are at 195,000$-383,000$ per employee. We have about 42,000 employees and an Entreprise value of 5.85B with Capital or 3.55B if we exclude 2.3B for Capital. So the market values each SNC/ATKINS employee at 3.55B / 42,000 employees = 85,000$. Hallelujah. We paid 235,000$ per Atkins employee back in 2017. 4.2B / 18,000

[Gabriel]

Therefore, the board of directors needs to immediately establish a road map with serious management advisors and take action (spin-off) to reduce the valuation gap for Professional Services vs what WSP and others are paying per employee, per revenue and per EBITDA of that division. This is truly insane considering the value of professional services and the concessions assets plus the

[Gabriel]

If any distinguished shareholder wants to take the lead on this you have my vote (~ 650,000 shares). https://www.dropbox.com/s/90rlqt350pr8130/G.jpeg?dl=0

[Alexcanada]

well done Gab, well done !