The executive chairman of the board of directors of Savaria has just purchased $1 million worth of shares in the Laval company specializing in accessibility for people with reduced mobility.
The company’s largest shareholder with an approximate stake of 20%, Marcel Bourassa purchased a block of 65,000 shares on March 8 at a unit price of $16.31. He handed over the CEO position to one of his sons to start 2024.
Marcel Bourassa bought Savaria in 1989 when the company was a small Quebec elevator manufacturer founded 10 years earlier. Savaria shares have been listed on the stock exchange since 2002.
An abnormally high trading volume observed Monday on the title of the Laurentian Bank quickly fueled conjectures about the future of the Montreal financial institution. Volume was several times the daily average and ultimately the stock gained “only” 3% in the first session of the week. While investors appeared to have taken optimistic positions on the stock, even higher volume was recorded on Friday and the stock lost 4% in the final session of the week.
The recent pressure on the stock of ECB pushes the dividend yield to almost 9%. The shares of the Montreal telecommunications giant are down nearly 10% since the announcement of the 3% dividend increase during the presentation of the end of year performance on February 8.
The chairman of the board of directors of 5N Plus has just purchased $180,000 worth of shares in the Montreal semiconductor producer. Luc Bertrand purchased a total of 40,000 shares between March 6 and 13.
The small shareholders of mdf commerce are waiting to know what the Fonds FTQ and Investissement Québec think of the offer to purchase KKR unveiled this week. They are the two largest shareholders of the Longueuil e-commerce platform operator.
Portfolio manager Mathieu Martin, of the Rivemont firm, questions the motivations for wanting to sell now at $5.80 per share, a price valuing mdf at 255 million. He recalls that mdf paid 260 million three years ago to buy Periscope, an online procurement platform serving American government agencies.
If portfolio manager Stephen Takacsy of Lester Management believes that the price paid for Periscope is the result of a valuation multiple from another era, he nevertheless believes that mdf is worth at least $8 per share.
“mdf is another technology company that will be stolen by American private equity if we let the transaction go to $5.80,” he says. “There are strategic players who can justify a better price like GI Partners or Constellation Software, which could pay more and even pay in shares. The Fonds FTQ and Investissement Québec can negotiate a better price for all shareholders. »
While the title ofAtkinsRealis is up nearly 30% since 1er January, the head of operations of the Montreal engineering firm purchased $1 million worth of shares in the company formerly known as SNC-Lavalin. Philip Hoare purchased a block of 17,662 shares on Monday at a unit price of $56.70.
The future assessment of the action of Guru notably through the increase in sales in warehouse stores such as Costcoin the United States, and online sales at Amazon.com, according to CIBC. Developing these channels allows Guru to better control its operations and depend less on partners who may not prioritize the brand, analyst John Zamparo said in a note published Thursday after reviewing Guru’s financial performance. start of the year for the Montreal organic energy drink company.
This expert continues to believe that stronger growth or greater progress in terms of profitability are necessary to further attract investors.
His colleague Martin Landry, of the firm Stifel/GMP, emphasizes for his part that Guru’s current stock market valuation is not “demanding”, which limits the downward risk.
Quebec titles of Haivision, Stingraymdf commerce, National Bank, TFI, AYA And CGI all hit a 52-week high this week on the Toronto Stock Exchange.
On the other hand, those of SaputoECB, Waterfalls, Lion And Taiga reached a 52-week low this week.