The wise investor | An institutional raises its bet in Repair

Every Sunday, we shine the spotlight on financial and stock market news items that may be useful to the investor, but which may have passed under the radar.

Posted at 7:00 a.m.

Richard Dufour

Richard Dufour
The Press

An American fund has just substantially increased its investment in Repare Thérapeutique.

BVF Partners notably bought on January 19 about 15 million in shares of the Montreal biotechnology company specializing in precision oncology.

This purchase of one million shares increased BVF Partners’ stake in Repare to more than 12.5%.

Subsequent purchases made in the last two weeks of January meant that the San Francisco manager started February with a stake of more than 14% in Repare.

The largest institutional shareholder of Repare, BVF is the only one to hold more than 10% of the shares.

With only one session left in February, Supremex is the Quebec security that posted the strongest rise this month on the Toronto Stock Exchange with an appreciation of 24%. Goodfellow (+22%), Alithya (+16%), Aya Gold & Silver (+14%), VAT (+13%), Taiga (+12%) and Uni-Select (+12%) also had a very good month. Conversely, Pyrogenesis (-28%), Tecsys (-19%), Guru (-19%) as well as Lightspeed (-19%) are experiencing a difficult month on the stock market.

Participation in Dollarama of the largest shareholder of the Montreal retailer has just slipped below 10%. Fund manager Fidelity sold a block of 205,200 shares on Jan. 21, a transaction that required reporting to authorities. Fidelity says it started February with a 9.8% stake in Dollarama. No shareholder now owns 10% or more of the shares of Dollarama.

“Knowing that the S&P 500 has already retreated in anticipation of the Ukraine conflict, we believe that the likelihood of a higher stock price environment remains the most likely scenario over the coming months,” comments the portfolio manager. Daniel Ouellet, of Groupe Ouellet Bolduc, affiliated with Desjardins, in a note sent Thursday to his clients.

“The decline in the markets appears to us to be a healthy correction more influenced by the change of tone of the central banks vis-à-vis inflation. As Warren Buffett so aptly reminds us: buy to the sound of the cannon and sell to the sound of the violin. »

Fiera increased its shareholding by Tecsys last month and purchase transactions completed on January 31 forced disclosure to authorities that Fiera held a 12.7% stake to start February. Fiera said in the spring that it held a 10.6% stake. Fiera is Tecsys’ largest institutional shareholder and the only one with more than 10%.

CIBC analyst Kevin Chiang on Thursday withdrew his sell recommendation on the stock. Bomber after listening to the comments of the management during the day of presentations organized for the investors. “Although Bombardier is maintaining its targets for 2025, the company should benefit from greater flexibility in executing its strategic plan. He calls management’s assumptions “conservative,” but the current valuation still prevents him from suggesting buying the stock.

Scotia is now offering to buy the stock of Bomber. Analyst Konark Gupta changed his recommendation on Thursday. He says his confidence in the ability to achieve most, if not all of his targets set for 2025 is now strengthened. The decline of the title since October is another element which justifies its decision to propose the purchase.

Earlier this week, Acumen launched its official coverage of the activities of Havision recommending buying the title of the Montreal-based streaming solutions provider. Analyst Nick Corcoran calls Haivision a leader in its market. “The history of margins demonstrates the strength of Haivision’s solutions,” he wrote in his report published Tuesday, emphasizing the potential for future acquisitions. Haivision also announced an acquisition in France on Thursday.

The boss of MTY bought shares in the Montreal franchisor this week. Eric Lefebvre bought a block of 1000 shares on Wednesday. He paid a unit price of $50.73.

BMO withdrew its buy suggestion in the middle of the week on the title of Lion 24 hours before the publication of the Saint-Jérôme electric vehicle manufacturer’s year-end results. Analyst Jonathan Lamers points out that the stock’s valuation is highly linked to future vehicle sales and points out that orders for electric trucks are accumulating at a slower pace than expected.

The Quebec titles of Supremex and of Goodfellow reached another 52-week high in Toronto this week. At the opposite, Quebecor, Waterfalls, Lion, Lightspeed, Guru, Marlet good food, mdf trade, Dialogue, Tecsys, Xebec and Bausch Health hit a 52-week low.

The deadline to contribute to your RRSP is Tuesday, and for those who can afford it, the maximum contribution for 2021 is $27,830.

This section marks a one-week break for spring break. Back March 13.


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