Author Topic: SNC - SNC-Lavalin Group  (Read 13905 times)

longlake95

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Re: SNC - SNC-Lavalin Group
« Reply #40 on: September 11, 2019, 06:16:09 AM »
SNC would be a great fit for BAM. They must use a ton of engineering services, especially in BIP not to mention BAM's connections around the world. He probably loves the concession side of the business too. This seems right up Flatt's alley...unloved asset....long runway of growth/business....no one else competing to buy SNC....and a distressed price.

LL


Cardboard

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Re: SNC - SNC-Lavalin Group
« Reply #41 on: September 11, 2019, 07:24:27 AM »
Ferrovial/Cintra is now adding some uncertainty to the 407 sale:

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSNC-2808534&symbol=SNC&region=C

What is curious is that this was known before the open yet, the stock still rallied almost to $20 before pulling back?

I am also surprised that CPPIB did cut the cheque before the period to appeal had lapsed.

longlake95

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Re: SNC - SNC-Lavalin Group
« Reply #42 on: September 11, 2019, 10:51:41 AM »
Add to SNC today on the news of JF buying 11%. With JF now on board, along with Caisse, I think they now  can assert enough pressure on SNC to do the right things to right the ship.

LL

absolutbrian

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Re: SNC - SNC-Lavalin Group
« Reply #43 on: September 11, 2019, 11:45:54 AM »
This is definitely a vote of confidence. Jarislowsky Fraser's firm now owns 10% of SNC. It's also notable that he's a former board member and used to own over 10% in the past before selling and buying again.
https://business.financialpost.com/pmn/business-pmn/canadas-jarislowsky-fraser-raises-stake-in-snc-lavalin-shares-rise

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Re: SNC - SNC-Lavalin Group
« Reply #44 on: September 13, 2019, 07:44:21 AM »
Taking off big time! This is really good as this will attract funds + technical folks.

I am probably going to trim in the $24-26 range as then it becomes more of a longer term turnaround.

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longlake95

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Re: SNC - SNC-Lavalin Group
« Reply #45 on: September 13, 2019, 10:12:31 AM »
It's a 4% position for me - I'm hanging on till we see a few quarter roll by. Ya, I think it's partly a relief rally and partly coat-tailing off of JF. Either way its good. Now we just need Bruce Flatt to buy this thing, cancel the 407 sale, keep the crown jewel, and sink capital to stabilize the balance sheet. I do worry about a convent breach if earning don't march higher soon. However, with 48% or so of the stock in strong hands I think that worry has diminished some as they will force the right levers to be pulled.