More Renovations for Tecsys
More renovations on Tecsys
It seems like there have been rows and rows of renovations like in the picture above.Now there will be more as they prepare to go to Oakville this weekend.The Oakville boys will undoubtedly take care of them but they will get general guidance.Tecsys has only issued 12 million shares (according to Qtrade) and they probably could issue new warrants or rights.The warrants or rights could be used to issue another 2 to 3 million shares.The purchase price should probably be about $10.50 to $11.00 per share.This would be accompanied by a press release showing the uses of the new equity for gross proceeds of $25 to $33 million.The press release would indicate future earning power from the new equity.
New Investments
Tecsys should have enough cash to finish their investment in Construction Control and Evoko ,both of which are in Calgary.But they need to take a substantial position in the company called The Municipal Infrastructure Group (TMIG).It is in Vaughan(north of Toronto) and this will expand their construction footprint both in terms of products offered and geographical exposure.TMIG is a sizeable company and will certainly add to revenues.This is seen by this blog as offering a solid foundation for the future for Tecsys.
The Old Stuff
Tecsys writes up their website and press releases with talk of their medical supply business.This unnecessarily confuses investors as to what their true business is.Also companies with stakes in two completely different business areas tend to get a lower P/E multiple.So clarifying their business will tend to raise their price and raise some new funds.
Comments
Post a Comment