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BUS.V - Grande West Transportation Inc

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#81

Nouvelle qui date de quelques jours: Grande West Welcomes New Chief Financial Officer

Je tenais à la publier ici puisque je crois que c’est très positif pour l’entreprise à long terme. Lors de mes discussions avec Jean-Marc Landry à New York, un point qui est revenu à quelques reprises était le fait que l’entreprise manquait de contrôles financiers pour bien suivre l’évolution des ventes, des coûts, des marges, etc. Je m’en suis rendu compte lorsque j’ai posé des questions un peu plus pointues sur les finances et que les réponses n’étaient pas claires.

L’embauche d’un CFO plus compétent devrait permettre à l’équipe de direction de prendre des meilleures décisions et aussi potentiellement de fournir des informations plus claires aux investisseurs.

#82

Grande West mentionné sur BNN: Bruce Campbell’s Top Picks

#83

Grande West Announces First Quarter Financial Results

Ça me semble un bon trimestre en général, avec 58 autobus livrés et une marge brute de 13.5%.

Je vais écouter l’appel conférence à 11h, je vous partagerai mes notes.

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#84

Il n’y a pas eu beaucoup de nouveau sur l’appel conférence pour ma part. Voici quelques notes:

  • L’usine aux États-Unis est désormais fonctionnelle. L’audit pour la certification Buy America se déroule très bien jusqu’à présent.

  • L’implémentation du système ERP est presque terminée. Ceci devrait grandement aider au niveau de la gestion financière et permettra au nouveau CFO de mieux cibler les opportunités d’améliorations de la profitabilité.

  • Les marges brutes pour le reste de l’année devraient être stables par rapport au T1 (environ 13.5%).

  • Le niveau des dépenses d’opérations, en excluant la rémunération sous forme d’options (shared-based compensation), devrait aussi rester plutôt stable pour le reste de l’année, soit environ $1.4M par trimestre.

  • Pas d’investissements en capital (CAPEX) prévus à l’usine américaine pour 2018.

  • La capacité de production de l’usine américaine est d’environ 20 autobus par mois. L’objectif à court/moyen terme est d’augmenter la production à un niveau régulier de 10 autobus par mois.

Le marché semble apprécier les résultats ce matin, avec le titre en hausse de plus de 10%.

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#85

Si j’ai bien compris, j’ajouterais aussi que sur le backlog de 240 autobus, 240 devraient être livrés en 2018 mais approximativement 180 seront reconnus dans les revenus de 2018 et le reste en 2019.

Le management ne semblait pas trop vouloir faire de prévisions au niveau des marges entre autre, malgré quelques questions à ce sujet, ce qui est une bonne chose je crois. J’ai crû comprendre que la vente de composantes bénéficie de meilleures marges et j’imagine qu’au fil du temps avec l’usure et le nombre d’autobus sur la route, ce segment des ventes devrait augmenter. L’augmentation du prix de vente des autobus serait un autre catalyseur mais ils n’ont pas donné plus de détails.

#86

Il y a eu un peu de confusion par rapport au backlog sur l’appel. Ton explication est presque exacte, voici la nuance:

240 autobus devraient être livrés en 2018. Déjà 58 ont été livrés au T1 (et ont été retirés du backlog). Sur le backlog restant de 240 autobus, environ 182 seront livrés et comptabilisés en 2018 afin d’atteindre la cible de 240. Les 58 restants devraient être livrés et comptabilisés en 2019.

En résumé, les 240 autobus du backlog seront probablement manufacturés en 2018 mais le quart (~60) devrait être livré et comptabilisé en 2019.

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#87

Mise-à-jour de Beacon Securities suite aux résultats de hier: 2018-05-15 - BUS - Q1 2018 Beacon Update.pdf (364,6 Ko)

Certaines hypothèses ont été révisées (la plupart positivement) et Beacon maintient sa recommandation d’achat avec un prix cible de $2.25.

#88

Une belle page sur BUS.V ce matin dans le journal de Montreal

image
image.jpg4032×3024 2.91 MB

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#89

Grande West Welcomes Christopher Strong to Board of Directors

#90

Une idée pourquoi le titre a bondi de 16% hier? est-ce qu’il y a eu une annonce quelconque?

#91

L’état de la Georgie a publié hier une ‘‘Notice of intent to award’’ avec les résultats des appels d’offres pour les autobus:

BUS Notice of Intent to Award.pdf (451,4 Ko)

J’ai lu que cette liste sera approuvé et officielle le 22 juin, et qu’à ce moment toutes les autorités de transit de l’état de la Georgie pourront commander à partir de cette liste sans devoir procéder à un appel d’offres.

Ce qui est particulièrement intéressant c’est que dans la catégorie de Grande West (autobus de 30-35 pieds), il y a seulement un autre compétiteur. Regardez les 2 dernières colonnes. L’avant-dernière est le ‘‘rating’’ (le plus haut est meilleur) et la dernière est le prix de vente. Les 2 autobus de Grande West sont mieux cotés et moins chers, alors j’ai l’impression que Grande West va largement dominer sa catégorie dans tout l’état de la Georgie. Il semblerait que l’analyste chez Beacon voit un potentiel d’au moins 200 autobus vendus seulement en Georgie.

BUS competitor
BUS competitor.png1346×385 10.3 KB

Grande West a également été mentionné sur BNN hier: Stephen Takacsy’s Top Picks

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#92

Pour faire suite à mon post ci-haut, voici l’annonce officielle de la compagnie: Grande West’s Vicinity Awarded Georgia State Transportation Contract

#93

Grande West Completes Independent Buy America Audit
VANCOUVER, Aug. 28, 2018 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS) (OTC PINK: GWTNF) – August 28, 2018: (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce that it has successfully completed an independent third party audit of its Buy America assembly and financial bill of materials on its Vicinity bus in order to meet current Federal Transit Administration (“FTA”) requirements.

Buy America provisions ensure that transportation infrastructure projects are built with American-made products. This means that local, state and Federal government investments in public transit are able to support an entire supply chain of American companies and their employees. The Vicinity finished bus is required to contain a minimum of 65% U.S. content in order to be included as a vendor for Federally funded projects.

Grand West utilized third party Buy America accredited auditors in order to review the Company’s U.S. assembly process and procedures, as well as the bill of materials and supplier Buy America certificates for component parts in the Vicinity product. The assembly process was verified and validated. Additionally, the Vicinity has scored Best-In-Class at the FTA’s Altoona Test in Altoona, Pennsylvania.

Jean-Marc Landry, CEO of Grande West commented, “This Buy America third party audit is a key milestone in proving out our ability to bid on and deliver to U.S. Federally funded transit opportunities. Grande West has a large pipeline of potential opportunities, many of them in the public transit sector. We expect the U.S. to be our largest opportunity for future growth in Vicinity sales and expect sales to ramp significantly in 2019 as we continue to focus our efforts on U.S. sales.”

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#94

Wow, beau rebond pour BUS de son plus bas de 1.08$ (maintenant à 1.41$) il y a à peine 2 jours…! Le dernier communiqué et les états financiers semblent être appréciés du marché.

Je dois dire que j’étais très septique de voir les résultats du Q2 à voir la façon dont se transigeait le titre. Belle surprise :

Grande West Announces Second Quarter Financial Results

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#95

Grande West Receives U.S. Order for Nine Vicinity Buses

VANCOUVER, BC / ACCESSWIRE / September 4, 2018 / Grande West Transportation Group Inc. (BUS.V) (OTC PINK: GWTNF) (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, announced today that it received an order from a private operator in the U.S…

Grande West’s U.S. distributor Alliance Bus Group (“ABG”) received the order from a private shuttle operator for nine (9) Vicinity buses to be delivered in the second quarter of 2019.

Rob Mowat, VP of Sales and Marketing stated, “This order furthers the Vicinity footprint in the U.S, private shuttle market. I will continue to work closely with ABG to continue to convert our large pipeline of potential orders into firm orders. The Vicinity is a clear winner for both public and private operators where capital investment and operating costs can be saved by ‘Right-Sizing’ fleets.”

These orders are already included in the previously disclosed backlog as part of the order from ABG for one hundred buses announced on October 10, 2017. Current total firm orders included in the backlog are for approximately one hundred eighty (180) buses valued at over $61 million CAD. Deliveries will vary from quarter to quarter to account for different build specifications, customer acceptance and revenue recognition.

About Grande West Transportation Group

Grande West is a Canadian company that designs, engineers and manufactures mid-size multi-purpose transit vehicles for public and commercial enterprises. Grande West’s Best-in-Class heavy-duty Vicinity bus is available in 27.5, 30 and 35 foot models powered by clean diesel or CNG designed with affordability, accessibility and global responsibility in mind. It costs significantly less than a regular 40 foot transit bus, is more maneuverable, burns less fuel and emits less harmful emissions. Grande West will soon be offering a new product which will be the first Crossover Vehicle in the transit space - a medium-duty, monocoque-designed rear engine vehicle.
The Company has been successful in supplying Canadian municipal transportation agencies and private operators with new buses and is receiving follow-on orders in many Canadian transit agencies. Grande West is compliant to Buy America certification, and along with Alliance Bus Group (“ABG”), its exclusive US distributor, is actively pursuing opportunities in public and private transit fleet operations that would benefit from Grande West’s vehicles.

For further information please contact:

Grande West Transportation

John LaGourgue
VP Corporate Development
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com

#96

Grande West to Present at the MicroCap Leadership Summit

VANCOUVER, BC / ACCESSWIRE / September 5, 2018 / Grande West Transportation Group Inc. (BUS.V) (OTC PINK: GWTNF) - (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, announced today it has been selected to present at the third annual MicroCap Leadership Summit, hosted by MicroCapClub, on Friday, September 28, 2018, at the Westin Chicago Northwest Hotel in Itasca, Illinois.

The Grande West presentation will be made by CEO Jean-Marc Landry. The MicroCap Leadership Summit utilizes a small group format whereby the company will present to approximately 50 retail and institutional microcap investors throughout the day. The Company’s investor presentation will be accessible on the “Investors” page of the Grande West website, located at https://grandewest.com/index.php/investors/investor-presentation

For more information about the MicroCap Leadership Summit, please visit http://microcapclub.com/summit/

#97

https://finance.yahoo.com/news/grande-west-announces-first-buy-110000090.html
OTC PINK: GWTNF) (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce a new contract to purchase Buy America Vicinity buses by a group of Mississippi-based transit authorities. Grande West, along with U.S. distributor Alliance Bus Group (“ABG”), was the winning bid for a five-year contract for 30’ heavy-duty low floor buses. The City of Oxford, Mississippi is the Executive Agent on behalf of a group of agencies listed for the procurement of the heavy duty transit buses, under a management contract with RATP Dev USA.

Beau contrat!

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#98

Grande West Receives $6,000,000 in New Vicinity Orders Read more at http://www.stockhouse.com/news/press-releases/2018/11/05/grande-west-receives-6-000-000-in-new-vicinity-orders#fZho9GupjsIoKghl.99

VANCOUVER, BC / ACCESSWIRE / November 5, 2018 / Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) - November 5, 2018: (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce new Canadian orders to purchase Vicinity buses for approximately $6,000,000.

Grande West received firm orders from The City of Medicine Hat, The County of Grande Prairie and a private operator in Quebec. These orders are for delivery in the next twelve months and are new customers for Grande West.

Jean-Marc Landry, CEO of Grande West stated, “The Grande West Team would like to thank our new customers for these orders. This further enhances our Canadian leadership position in our market segment.”

Total firm orders included in the backlog are for approximately one hundred ninety (190) buses valued at over $67 million CAD. Deliveries will vary from quarter to quarter to account for different build specifications, customer acceptance and revenue recognition.

About Grande West Transportation Group

Grande West is a Canadian company that designs, engineers and manufactures mid-size multi-purpose transit vehicles for public and commercial enterprises. Grande West’s Best-in-Class heavy-duty Vicinity bus is available in 27.5, 30 and 35 foot models powered by clean diesel or CNG designed with affordability, accessibility and global responsibility in mind. It costs significantly less than a regular 40 foot transit bus, is more maneuverable, burns less fuel and emits less harmful emissions. Grande West will soon be offering a new product which will be the first Crossover Vehicle in the transit space - a medium-duty, monocoque-designed rear engine vehicle.

The Company has been successful in supplying Canadian municipal transportation agencies and private operators with new buses and is receiving follow-on orders in many Canadian transit agencies. Grande West is compliant to Buy America certification, and along with Alliance Bus Group (“ABG”), its exclusive US distributor, is actively pursuing opportunities in public and private transit fleet operations that would benefit from Grande West’s vehicles.

For further information please contact:

Grande West Transportation

John LaGourgue
VP Corporate Development
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com

Read more at http://www.stockhouse.com/news/press-releases/2018/11/05/grande-west-receives-6-000-000-in-new-vicinity-orders#fZho9GupjsIoKghl.99

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#99

Grande West to Announce 2018 Third Quarter Results and Hold Conference Call

Tuesday, November 6, 2018 7:00 AM

VANCOUVER, BC / ACCESSWIRE / NOVEMBER 6, 2018 / Grande West Transportation Group Inc. (TSXV: BUS) (OTC PINK: GWTNF) (’‘Grande West’’ or the ‘‘Company’’), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, announced today that 2018 third quarter financial results will be released after market hours on Thursday, November 15, 2018 and hold a conference call on Friday, November 16, 2018.

A conference call for analysts and interested listeners will be held at 11:00 AM EST. The call-in number is (877) 407-0782 or (201) 689-8567 and can be accessed by entering passcode 40903. A webcast is available at http://www.investorcalendar.com/event/40903. A replay will be available on the Company’s website shortly after the call at http://grandewest.com/index.php/investors/media.

For further information please contact:

Grande West Transportation Inc.

John LaGourgue
Ph: 604-607-4000
jlagourgue@grandewest.com
www.grandewest.com

#100

Grande West’s Vicinity Awarded Iowa State Transportation Contract

Un autre contrat gagné dans un état complet (après celui de la Georgie en juillet).

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