Atkinsrealis Group Inc T.ATRL

The long way to go

[Fuergo]

https://www.lesaffaires.com/bourse/analyses/le-titre-datkinsrealis-vaincra-t-il-son-niveau-de-resistance-de-60/

[Gabriel]

Bon article. L'annonce de l'ouverture de Eglinton sera le catalyseur pour bondir et SVP le responsable du rachat d'actions ronfle. Que fait-il ?

[Gabriel]

Lien..

[Fuergo]

Je comprends tres mal la gestion de leurs deux derniers projets restants, donne tres peu d informations sur les delais et les couts, ou depassements des couts, rien ne semble sous controle,  et pourtant ces consequences vont avoir un impact considerable sur le bilan a court terme, je ne peux pas dire que leurs objectifs sur le long me rassure, mais je pense de plus en plus que ce ne sera pas

[Ronbromleygross]

That's why I started putting my money into Aecon.   They are further ahead and much more transparent in their decisions.  Also the insiders are buying there which is something  I seldom saw at SNC.  We also have a 3.1m share buyback plan in the works which will reduce the o/s float from 62m to 59m shares.  The valuations at Aecon is too bloody cheap to ignore here

[Ronbromleygross]

Oh and Aecon pays a annual dividend of .76/share which equates to a yield of 4.09 percent.   What is SNC at?  A pathetic .16 percent.  It never paid out much of anything.   What a joke.  Yes I still have a few SNC shares left but not adding anymore.  All my money goes to dividend payers with strong tailwinds behind them to increase share price over next 12 months

[Gabriel]

Definitely for Aecon. Atkins though is an engineering consultancy with a substantial edge in : 1) 3D digital twins/BIM technology, 2) nuclear engineering know how including a protected design in a very high-growth niche that the world desperately needs. World leaders are starting to be fully aware as to how nuclear will save the earth from a catastrophe which will otherwise require our

[Ronbromleygross]

Thanks Gabriel.  I have not been following Atkins much over the last couple years.  Good to know they have some valuable assets and expertise and are a force to be reckoned with for the future.    Ron

[Gabriel]

Thank you Ron. I have been going through the financial statements and reading all the summary of analyst reports that were kindly shared on this great platform and my conclusion is as follows: 1. The value of the concessions is about 2.5B, most of which is made of the remaining stake in the 407 (10.01% was sold for 3.25B in 2019, so presumably the remaining 6.67% is worth about 2B today