IBI Group | StockChase
23
IBI Group (IBG-T)

Last Price Recorded: $7.9500 on 2017-11-16

ON STOCKCHASE SINCE Feb 2008

Engineering and consulting on infrastructure

Business Services

IBI Group



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Date Signal Company Opinion Expert
2017-11-13
PAST TOP PICK

IBG-T

$7.890

IBI Group


(A Past Top Pick Jul 14/16, Up 51%)  A much improved balance sheet and management is really executing on their balance sheet.

Business Services

Brendan Caldwell

President

SELECTIVE
2017-10-26
PAST TOP PICK

IBG-T

$7.590

IBI Group


(A Past Top Pick Oct 25/16, Up 11.45%)  He still really likes it.  They have a technology software business that is 16% of revenue.  They monitor transit systems and a number of other software applications.  If they ever spun that off they would get a high price for it.  Management owns a lot of stock themselves.

Business Services

Colin Stewart

CEO & Portfolio manager

DEFENSIVE
2017-02-16
PAST TOP PICK

IBG-T

$6.420

IBI Group


(Top Pick Mar 9/16, Up 68%) The stock got crushed and then they did a nice recapitalization.  Then their margins started to get better.  He was looking for confidence in management and found it with this one.  He only owns the convertible debenture now.  They should benefit from infrastructure spending.

Business Services

Fabrice Taylor

Publisher

SELECTIVE
2017-02-15
BUY

IBG-T

$6.450

IBI Group


A little different from some of the other engineering/construction companies that would benefit from infrastructure, because their business is based more on architectural work as opposed to systems design. Good management.

Business Services

Colin Stewart

CEO & Portfolio manager

OPTIMISTIC
2016-12-02
HOLD

IBG-T

$6.080

IBI Group


Sold his stock, but has a convertible bond. Feels it still has legs as there is a lot of infrastructure spending in the world. They specialize in urban infrastructure such as tram systems, which is a growth industry for decades. Easy money has been made, but you could still grind out some gains and he is happy to hold it.

Business Services

Fabrice Taylor

Publisher

2016-12-01
BUY

IBG-T

$6.000

IBI Group


An engineering construction company, focused more on the architectural side. Poised to benefit from the infrastructure spending. They are also benefiting from the condominium boom where they are doing a lot of development and architectural work in Canada and the US. It had always been a good steady business, but they had too much leverage, and have been working hard to reduce that. As they reduce the debt, value will transfer from debt holders to the equity holders, and the share price will gradually increase over time.

Business Services

Colin Stewart

CEO & Portfolio manager

OPTIMISTIC
2016-10-25
TOP PICK

IBG-T

$6.640

IBI Group


One of the top architecture global players. They do everything, design systems implementation, project management for construction of office buildings, designing condos, designing transit systems. Very well diversified business. Management and insiders own a very significant amount of stock of about 35%-40%.

Business Services

Colin Stewart

CEO & Portfolio manager

2016-10-24
HOLD

IBG-T

$6.330

IBI Group


It is an infrastructure spending play.  If you took a profit at this juncture you may be a bit early.  The planning phase takes years for one of these projects.  Infrastructure spending comes from fiscal stimulus.  There is going to be more infrastructure spending and more projects.  There will be a longer term need for these companies.  This stock has troughed out, but you could make more in the future. 

Business Services

Michael Underhill

Portfolio Manager, Exempler Funds

SELECTIVELY BULLISH
2016-07-14
TOP PICK

IBG-T

$5.150

IBI Group


The street viewed them as having too much debt.  They tried to retire a lot of their debt.  They don’t have the same risks as the actual construction business has.  The valuation is quite attractive.

Business Services

Brendan Caldwell

President

BULL
2016-05-05
HOLD

IBG-T

$4.450

IBI Group


It is positive when you hit a 52 week high.  You want to ride it.  But be cautious.  Put a stop underneath it. 

Business Services

Brooke Thackray

President

CAUTIOUS
2016-04-27
HOLD

IBG-T

$4.000

IBI Group


Used to be an income trust, and like a lot of income trusts it blew up. Too much debt and too many acquisitions. Started a turnaround program a couple of years ago. Thinks there is more to come and that it is an $8 stock in 2 years.

Business Services

Fabrice Taylor

Publisher

2016-03-09
TOP PICK

IBG-T

$3.840

IBI Group


Likes turnaround stories. An old business and has been around for 40 years, therefore you have lots of annual financial statements to look at to get comfortable as to where this company can go. An engineering and architecture company, specializing in urbanization, construction, transit lines. Urban economies grow a lot faster than national economies. He likes that they have a lot of debt, because in a turnaround, if you get it right, you get a lot more leverage on the stock price. Also, likes to see signs of a turnaround plan getting traction, and this is in this stock. Thinks that in a couple of years this will be an $8-$9 stock..

Business Services

Fabrice Taylor

Publisher

2013-06-26
WATCH

IBG-T

$1.750

IBI Group


He saw warnings signs a few years ago and sold before the dividend cut.  Company had too much debt.  Made acquisitions in the US hoping things would turn around much faster than they did.  Thinks they will have to cut the dividend completely.  Thinks the company will survive.  There could be restructuring down the road.  He owns one of the debentures.

Business Services

Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr

SELECTIVE
2010-03-24
COMMENT

IBG-T

$14.160

IBI Group


Architectural services firm and will benefit from infrastructure. Stimulus spending has been delayed so work is slow in coming. 2010-2011 should be really good for infrastructure firms. His favourite infrastructure plays are Aecon Group (ARE-T) and SNC Lavalin (SNC-T).
Business Services

Barry Schwartz

CIO & Portfolio Manager

OPTIMISTIC
2010-03-08
COMMENT

IBG-T

$16.240

IBI Group


A little concerned about possible stress on distributions when they have to convert. If they decide to go back on the acquisition trail, they may want to cut back on distributions/dividends creating a bit of uncertainty. Should benefit from the infrastructure boom.
Business Services

Michael Decter

President & CEO

BULLISH
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