“Pleasantly surprised” was our response to the depth of knowledge displayed today (May 12) by AGF VP and Portfolio Manager Peter Imhof, in response to a video question about CEMATRIX during his appearance on BNN’s Market Call.
We sat up and took notice, as Mr. Imhoff, a long-time and well known fund manager, follows or invests in companies many times the size of CEMATRIX with its $16 million market cap, a number only slightly more than 2015 sales of $15.3 million and $2.8 million in EBITDA. He had a good understanding of operations and commented, “the company has done extremely well over the past year”.
To view BNN clip, please click here.
Mr. Imhoff wasn’t sure of the impact the energy industry malaise would have on CVX going forward. For clarification, management is forecasting revenues will rise to $18 million this year with 75% of that infrastructure related.
Currently, the cellular concrete company is directly bidding on or is included in bids that are in excess of $100 million, 94% of which is infrastructure related.
CEMATRIX CEO Jeff Kendrick, recently had his first appearance on BNN, which resulted in a very strong volume day and the stock hitting a new high.
The fact is that many more people are paying attention to CVX. You don’t always know who’s watching, but the reasons for the interest are plentiful:
- Continuing financial performance
- Tight share structure with only 34 million shares issued
- Growing bid pipeline
- Client diversification
- Proven product, services and proprietary formulations
- Aversion to dilution – no equity raised in more than a decade