Oui, les marges sont faibles mais le management sous la direction de Mr. Vaudry ont redressés les finances de la compagnie mais on ne sait jamais peut-être qu’un concurrent Américain a l’ambition de s’approprié de 70% du marché Canadien.
Pacific Safety wins $2.07M armour product contract
2015-12-08 09:06 ET - News Release
Mr. Terry Vaudry reports
PACIFIC SAFETY PRODUCTS INC. ANNOUNCES CONTRACT WIN TOTALING MORE THAN TWO MILLION DOLLARS
Pacific Safety Products Inc. has received a contract award from an Ontario agency for the delivery of armour products with a firm value of over $2,072,000 delivering over a period of no longer than five years.
PSP won this contract in open competition against the best of its North American competitors. This win represents new business for the company.
Bonne nouvelle ce nouveau contrat, au dela du montants qui est materiel pour la cie ca signale que Pacific est en mesure de gagner des parts de marchés dans un marche domestique quelle domine deja. Limpact fx nest pas a sous estimer ici puisque ca risque de tenir loin les competiteurs americains du marché canadien et donner encore plus de pricing power(+ marge)Pacific safety. Meileur marge = plus de cash flow pour attaquer le marché americain ou elle est encore un tres petit joueur. Je vais poursuivre mes recherches sur la cie avant dinitier une position mais l’histoire semble de plus en plus intéressante.
Une nouvelle apparue dans la presse ce matin comme quoi un compétiteur Américain (Point Blank enterprise) vend des gilets pare-balles défectueux. Je crois que cela est le moment idéal pour PSP pour conquérir des clients non-satisfait. Certains cadres au SPVM croient que la situation pourrait soulever des doutes au sein d’autres corps policiers en Amérique du Nord
SPVM: des gilets pare-balles défectueux
Pacific Safety earns $4,000 in Q2 fiscal 2016
2016-02-29 19:41 ET - News Release
Mr. Terry Vaudry reports
PACIFIC SAFETY PRODUCTS INC. REPORTS SECOND QUARTER OF FISCAL 2016
Pacific Safety Products Inc. has released financial results for the three-month period ended Dec. 31, 2015.
Revenues for the second quarter were $4.4 million, an increase of 25.7% compared to revenues of $3.5 million during the second quarter of fiscal 2015. Revenue from our U.S. operations were $2.3 million, an increase of $1.0 million or 76.9% compared to the same period last year. Canadian revenues were $2.1 million, a decrease of $0.1 million or 4.5%.
The Company reported net income for the second quarter of $0.004 million compared to a net loss of $0.09 million during the second quarter of the prior year.
Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”)(i) was $0.068 million compared to the EBITDA of $0.005 million during the second quarter of the prior year.
Adjusted EBITDA(i) was a loss of $0.09 million compared to Adjusted EBITDA of $0.002 million during the second quarter of the prior year.
Gross margin as a percentage of revenues for the second quarter was 21.3% compared to 27.5% for the second quarter of the prior year.
Expenses for the second quarter were $1.1 million an increase of 7.1% compared to $1.0 during the second quarter of the prior year.
“PSP’s refreshed products are beginning to gain traction, especially in the U.S. market. We attribute the gross margin decline to significant shipments of samples to clients and our sales team. In Canada, order timing was slightly slower than anticipated. In addition, the Company has spent considerable time and resources on larger tender projects that we believe will benefit the Company,” says CEO, Terry Vaudry. “We remain committed to protecting and growing shareholder value as we move the business forward.”
We seek Safe Harbor.
PSP est présentement a $ 0.195, voici la nouvelle
Pacific Safety wins $33-million contract from Cdn gov’t
2016-06-29 14:11 ET - News Release
Mr. Terry Vaudry reports
PACIFIC SAFETY PRODUCTS INC. ANNOUNCES SIGNIFICANT PUBLIC WORKS / GOVERNMENT OF CANADA WIN TOTALING UP TO $33 MILLION INCLUDING OPTIONS FOR ADDITIONAL ORDERS
Pacific Safety Products Inc. was awarded a significant long-term contract from the government of Canada for the supply of fragmentation vests to the Canadian Armed Forces. The contract has an estimated total value of up to $33-million, assuming all additional optional orders are fully exercised.
The contract provides for the delivery of an initial order of 12,500 fragmentation vests and additional carriers, valued at approximately $11,171,000, as well as options for the government to subsequently order additional fragmentation vests in minimum orders of 1,500. PSP will negotiate a delivery schedule for the contract but currently expects that the initial order will be delivered within two years, while optional additional orders would be delivered during the subsequent eight-year period.
Production of the fragmentation vests is expected to begin later this summer at the company’s plant in Arnprior, ont. PSP has the scalable resources to manufacture these goods with minimal to no investment required, which PSP expects will have a positive impact on gross margin due to superior efficiencies in the business.
The contract is beneficial to PSP as it allows the company to deliver products to the Canadian Armed Forces over an eight-year to 10-year period without the requirement to retender its business. The built-in option to order additional vests will allow the government of Canada to order larger quantities of vests from the company should they be required. Although additional optional orders are at the discretion of the government, PSP expects that some or all of the options will be exercised. If all options are exercised, the total value of the contract would be approximately $33-million.
PSP pursued this contract for some time and believes that the company’s efforts to strengthen its quality system and ballistic performance aided in securing the contract. PSP continues to pursue additional tender opportunities with the government of Canada with a view to increasing and protecting shareholder value.
We seek Safe Harbor.
Par curiosité, y avait-il des actionnaires ici ? Que pensez-vous de la transaction ?
J’avais des actions depuis la semaine passé (acheter a 16 cent), fac je suis bien content lol
Les choses s’en viennent intéressantes haha
Pacific Safety delisted from TSX-V
2016-12-23 16:42 ET - Shares Delisted from TSX-V
Effective at the close of business on Friday, Dec. 23, 2016, the common shares of Pacific Safety Products Inc. (PSP) will be delisted from the TSX Venture Exchange. The delisting of PSP shares results from the completion of a plan of arrangement pursuant to an arrangement agreement, dated Nov. 10, 2016, between PSP and Med-Eng Holdings ULC (the purchaser), whereby the purchaser has acquired all of the issued and outstanding common shares of PSP by way of court-approved arrangement under the Canada Business Corporations Act.
Under terms of the arrangement, PSP shareholders will receive 21 cents for each PSP common share held.
For further details, please refer to PSP’s management information circular dated Nov. 18, 2016, and news releases dated Nov. 10, 2016, and Dec. 19, 2016.