acquisition
Parking facilities manager SP Plus Corp continues to enjoy a strong brand and stable revenue, but it’s facing increasing competition.
A: The TSX Venture Exchange is designed for junior companies that don’t meet the requirements for listing on the TSX. The Venture Exchange has lower minimum listing requirements. They vary based on a company’s industry, stage of development, financial performance and operational resources.
For an industrial or life sciences company, those listing requirements include: a history of operations; management, including board of directors, with adequate experience and technical expertise relevant to the company’s business and industry; and either $750,000 in net tangible assets, $500,000 in revenue or $2,000,000 in arm’s length financing....
For an industrial or life sciences company, those listing requirements include: a history of operations; management, including board of directors, with adequate experience and technical expertise relevant to the company’s business and industry; and either $750,000 in net tangible assets, $500,000 in revenue or $2,000,000 in arm’s length financing....
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BLACKBERRY LTD., $11.52, Toronto symbol BB, provides wireless communication services, mainly to businesses and government agencies.
The stock jumped 12% this week after an arbitrator awarded the company $814.9 million U.S....
LINAMAR CORP. $56 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; s/o: 65.3 million; Market cap: $3.7 billion; p/s ratio: 0.6; Divd. yield: 0.9%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads, cylinder blocks, camshafts, crankshafts and connecting rods....
ENBRIDGE INC. $56 (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 938.6 million; Market cap: $52.7 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.enbridge.com) plans to sell some of its common shares in Enbridge Income Fund Holdings Inc....
CANADIAN IMPERIAL BANK OF COMMERCE $115 (Toronto symbol CM; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 399.7 million; Market cap: $46.0 billion; Price-to-sales ratio: 3.1; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www....
Dear client:
We feel Telus and other major carriers have years of growth ahead of them.
Most Canadians now own a cellphone, which has slowed demand for wireless services. But new smartphones, including the upcoming iPhone 8 from Apple, will prompt many of Telus’s users to upgrade their data plans.
The company’s faster Internet systems will also raise profit as Canadians switch from regular TV to streaming services such as Netflix.
Those trends should let Telus continue to increase its dividend....
We feel Telus and other major carriers have years of growth ahead of them.
Most Canadians now own a cellphone, which has slowed demand for wireless services. But new smartphones, including the upcoming iPhone 8 from Apple, will prompt many of Telus’s users to upgrade their data plans.
The company’s faster Internet systems will also raise profit as Canadians switch from regular TV to streaming services such as Netflix.
Those trends should let Telus continue to increase its dividend....
A: SP Plus Corp., $32.95, symbol SP on Nasdaq (Shares outstanding: 22.4 million; Market cap: $738.2 million; www.spplus.com), is the largest provider of parking services in the U.S. It also operates in Canada and Puerto Rico.
The company’s Urban division (70% of revenue) operates about 3,700 parking facilities for a total of 2.0 million parking spaces, spread across hundreds of North American cities....
The company’s Urban division (70% of revenue) operates about 3,700 parking facilities for a total of 2.0 million parking spaces, spread across hundreds of North American cities....
CENOVUS ENERGY $15.11 (Toronto symbol CVE; Shares outstanding: 833.2 million; Market cap: $12.4 billion; TSINetwork Rating: Average; Dividend yield: 1.3%; www.cenovus.com) took a big drop after its recent deal to acquire control of its main oil sands properties in Alberta.
However, that acquisition more than doubles the company’s output and positions it for strong future growth.
Right now, Cenovus already owns 50% of the Christina Lake and Foster Creek oil sands projects; ConocoPhilips (New York symbol COP) owns the other 50%.
The company has agreed to buy ConocoPhillips’ interest in both Alberta properties, along with ConocoPhillips’ conventional oil fields in that province and B.C.
The total cost is $17.7 billion....
However, that acquisition more than doubles the company’s output and positions it for strong future growth.
Right now, Cenovus already owns 50% of the Christina Lake and Foster Creek oil sands projects; ConocoPhilips (New York symbol COP) owns the other 50%.
The company has agreed to buy ConocoPhillips’ interest in both Alberta properties, along with ConocoPhillips’ conventional oil fields in that province and B.C.
The total cost is $17.7 billion....
PEMBINA PIPELINE $43.06 (Toronto symbol PPL; Shares o/s: 399.0 million; Market cap: $17.2 billion; TSINetwork Rating: Average; Divd. yield: 4.7%; www.pembina.com) owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil. Its network also carries 30% of Western Canada’s natural gas liquids (NGLs)....