A member of the board of directors and major shareholder of Guru has just purchased nearly $100,000 in shares of the Montreal organic energy drink company.
Éric Graveline purchased a block of 50,000 shares of Guru on Tuesday at a unit price of $1.59. He is an administrator at Guru since 2020.
The challenge facing the new boss of the Laurentian Bank, Éric Provost, should not be underestimated, according to analyst Stephen Boland of the Raymond James firm. In a note sent to his clients this week, he emphasizes that there is no easy solution. “The bank’s problems over several years remain the same: outdated systems, a weaker deposit base and high expense levels continue to explain underperformance compared to the competition. »
As macroeconomic pressures are likely to lead to a slowdown in growth in the coming years, there will be more emphasis on efficiency and margins, he adds. This expert maintains that the bank had to appoint an internal candidate because, he believes, the market would not have liked to see another external candidate come in with another strategic plan to carry out.
While Provost’s immediate task is to restore customer confidence following the outage, Stephen Boland fears the IT glitches could undo some of the more recent work done to improve the bank’s reputation for service. to customers.
The name of the Quebec company specializing in artificial intelligence applied to e-commerce Coveo was added this week to RBC’s list of best Canadian small-cap investment ideas.
This list is made up of 18 stocks whose market capitalization is $2 billion or less at the time of their addition to this directory.
A member of senior management at Alimentation Couche-Tard has just sold nearly $200,000 worth of shares in the Laval convenience store chain. Aaron Brooks, senior vice president of real estate, sold a block of 2,800 shares on September 25 at a unit price of $69.57.
There Scotiabank has until November 2 to solicit offers higher than that announced this week by the New York investment firm Ember to buy the Quebec company H2O Innovation. The challenge is finding a better price, knowing that Ember is committed to keeping the head office and essentially the same number of employees in Quebec. A buyer often relies on the synergies generated by the elimination of positions and the relocation of the head office in its calculations when evaluating an acquisition.
In particular, there will be a renewed focus on cost optimization during presentations by company managers. Couche-Tard this Wednesday during the investor day in Phoenix, Arizona. Depending on the targets to be achieved in different respects which will be revealed for the coming years, there is certainly a potential to influence the mood of investors and therefore the stock price.
The Chief Financial Officer of GDI has just purchased approximately $100,000 worth of shares in the Montreal company specializing in building management and maintenance. On September 28, Stéphane Lavigne purchased a block of 2,500 shares at a unit price of $38.77.
Financial troubles finally overcame the Montreal specialist in the online sale of second-hand fashion items LXR & Co. Management had been examining ways to obtain financing for several months and looking for a buyer. After the resignation of auditor PricewaterhouseCoopers midweek, the company announced on Friday the resignation of all members of the board of directors. KPMG now has the mandate to manage the liquidation of assets under the Bankruptcy and Insolvency Law. LXR notably sells second-hand handbags and accessories from major brands such as Louis Vuitton, Chanel and Hermès.
Another manager at Fiera Capital has just purchased shares of the Montreal asset manager. Chief financial officer Lucas Pontillo purchased 10,000 shares on September 29 at a unit price of $5.70. Big boss Jean-Guy Desjardins and general secretary Gabriel Castiglio also bought shares recently.
The Toronto Stock Exchange will remain closed Monday to mark the country’s Thanksgiving holiday.
The title of H2O Innovation advanced this week to a 52-week high on the Toronto Stock Exchange after the unveiling of a takeover offer from the United States.
On the other hand, the Quebec titles of the Laurentian Bank, Cogeco Communications, Rogers Sugar, Boralex, Nuvei, ECB, Yellow Pages, Transcontinental, Innergex, Fiera Capital And AYA all slipped this week to a 52-week low.