CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Positive change in Operating Cash Activities- $48.6 million

[phoenix_trader]

Looking to the Operating Cash flow statement shows a dramatic change in cash flow from operations and working capital management: $48.6 million from Q1 2014 to Q1 2015. Nice, paid down debt by $20 million and invested $13 million in the business.

[phoenix_trader]

The Board of Directors declared a quarterly dividend of $0.01 per common share payable July 15, 2015 to shareholders of record on June 30, 2015. "I am pleased with first quarter financial results and the progress being made on our Business Improvement Program", commented Doug Wonnacott, President and CEO. "Energy market conditions are likely to continue to challenge business

[Kherson]

Translation: No Sale... Kherson

[phoenix_trader]

So what, Canexus is not giving it's assets away, no matter how hard you try..................Get lost, you are an ill mannered loser.

[HAWK37]

and bank debt and net debt went UP by $16 million (don't know where you got it being reduced). A good quarter from a COP perspective but they are just treading water. All that debt will eventually bring the house down.

[leo101]

It is nothing short of creative accounting.  They lost $6 million bucks, paid out 3 million in dividends then have the audacity to state that the payout ratio is 14%.  take  a look at healthy corporations like banks and the payout ratio is based on net earnings.  Given current industry and market conditions, the estimated realizable value of NATO, based on recent expressions

[phoenix_trader]

Now it's creative accounting............. Give me a break,,,,, this is a $48.6 million turnaround.............. and you have the gall to call it creative accounting... Yes NATO and North Van are not getting the desired bids, so what.

[leo101]

some people call it gall and others call it common sense.  net debt increased by about 15 million and lets not forget the unrealized currency loss of 24 million. i was being kind calling the claim of a 14% payout ratio creative. this thing might turn around but you'll probable get ulcers before it happens.

[Calgaryrider]

I would suggest that you WILL get ulcers (not probably) and that you'll "probably" lose a lot more money until you make some.  This has basically been entrenched in the $1.50-$2/sh range that I made a long time ago. Interestingly, only now have overpaid analysts started dropping their expectations into this range from around $4.   Don't trust people

[Rockefeller2012]

Currency loss is not really a big deal. Every company in Canada is going to have those issues. We will see higher US dollar sales and subsequent currency gains going forward. 

[Rockefeller2012]

Exactly. There is no sense to sell a good property in a low market for less than fair value. It would reduce debt but at a huge loss of the investment. It will be more prudent to hang on to it for the right price or until commodity prices recover. 

[phoenix_trader]

Three Months Ended March 31, 2015.................. Higher Cash Operating Profit, lower required contributions to our defined benefit pension plans and a net decrease in non-cash operating working capital resulted in net cash being generated by operating activities for the three months ended March 31, 2015, as compared to the net cash being used in operating activities for the same period in 2014.