A director at Canfor Corporation maiden bought 60,000 shares at 14.782CAD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
The independent financial analyst theScreener just lowered the general evaluation of CANFOR (CA), active in the Forestry industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 1, 2022, the closing price was CAD 24....
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Increasing headship and homeownership rates among millennials remain a key tenet of our housing outlook. More millennials are indeed forming households and buying homes, but we've been repeatedly disappointed by the rate of headship and homeownership gains for this large age cohort. While we previously expected a sharper increase in home purchasing as millennials seized upon favorable ownership conditions, factors such as student debt and underemployment have proved more stubborn than we origina...
Canfor is one of the largest softwood lumber producers in the world, with over 7 billion board feet of production capacity in western Canada, the southeastern United States, and Sweden. Homebuilding and remodeling are the main uses of softwood lumber in North America, although Canfor does export significant volume to China, making up roughly one fourth of sales in recent years. As price-takers, Canfor and peers see dramatic profit variations depending on the health of the U.S. housing market. Af...
Increasing headship and homeownership rates among millennials remain a key tenet of our housing outlook. More millennials are indeed forming households and buying homes, but we've been repeatedly disappointed by the rate of headship and homeownership gains for this large age cohort. While we previously expected a sharper increase in home purchasing as millennials seized upon favorable ownership conditions, factors such as student debt and underemployment have proved more stubborn than we origina...
Although wood product conditions improved sequentially in the first quarter, pricing and input costs were a significant challenge for Canfor. Concurrently, stronger lumber margins offset weaker pulp segment results. Consolidated EBITDA margins rose versus the fourth quarter to roughly 5%. We expect them to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge in British Columbia log prices, we've reduced our EBITDA margin a...
Although wood product conditions improved sequentially in the first quarter, pricing and input costs were a significant challenge for Canfor. Concurrently, stronger lumber margins offset weaker pulp segment results. Consolidated EBITDA margins rose versus the fourth quarter to roughly 5%. We expect them to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge in British Columbia log prices, we've reduced our EBITDA margin a...
Although wood product conditions improved sequentially in the first quarter, pricing and input costs were a significant challenge for Canfor. Concurrently, stronger lumber margins offset weaker pulp segment results. Consolidated EBITDA margins rose versus the fourth quarter to roughly 5%. We expect them to improve gradually over the course of the year as seasonal issues pass and benchmark prices rise. Following the sustained surge in British Columbia log prices, we've reduced our EBITDA margin a...
Supply constraints early in 2018 along with increases in U.S. homebuilding led to a robust year for Canfor. However, the fourth quarter marked a sharp slowdown in profit generation, as rising log costs in British Columbia and lower softwood lumber prices nearly erased lumber segment profitability. For the year, EBITDA excluding duties rose 23% to CAD 1.05 billion, driven higher by sharply higher lumber prices earlier in the year. However, the higher prices brought about their own demise, as the...
Canfor is one of the largest softwood lumber producers in the world, with 6 billion board feet of production capacity in western Canada (73% of capacity) and the southeastern United States (27%). Homebuilding and remodeling are the main uses of softwood lumber in North America, although Canfor does export significant volume to China, making up roughly one fourth of sales in recent years. As price-takers, Canfor and peers see dramatic profit variations depending on the health of the U.S. housing ...
Canfor announced that it will take the equivalent of 55 million board feet of downtime in the first quarter of 2019, an extension from that announced for the fourth quarter. Accordingly, we've slightly trimmed our near-term outlook to reflect lower prices and reduced production. This reduces our fair value estimate to CAD 23 per share from CAD 23.50. Our no-moat rating is unchanged. After Western SPF benchmark lumber prices hit nearly $560 per million board feet in May due to a number of transpo...
Supply constraints early in 2018 along with increases in U.S. homebuilding led to a robust year for Canfor. However, the fourth quarter marked a sharp slowdown in profit generation, as rising log costs in British Columbia and lower softwood lumber prices nearly erased lumber segment profitability. For the year, EBITDA excluding duties rose 23% to CAD 1.05 billion, driven higher by sharply higher lumber prices earlier in the year. However, the higher prices brought about their own demise, as th...
Canfor announced that it will take the equivalent of 55 million board feet of downtime in the first quarter of 2019, an extension from that announced for the fourth quarter. Accordingly, we've slightly trimmed our near-term outlook to reflect lower prices and reduced production. This reduces our fair value estimate to CAD 23 per share from CAD 23.50. Our no-moat rating is unchanged. After Western SPF benchmark lumber prices hit nearly $560 per million board feet in May due to a number of transp...
Canfor announced that it will take the equivalent of 55 million board feet of downtime in the first quarter of 2019, an extension from that announced for the fourth quarter. Accordingly, we've slightly trimmed our near-term outlook to reflect lower prices and reduced production. This reduces our fair value estimate to CAD 23 per share from CAD 23.50. Our no-moat rating is unchanged. After Western SPF benchmark lumber prices hit nearly $560 per million board feet in May due to a number of transp...
Canfor announced that it will take the equivalent of 55 million board feet of downtime in the first quarter of 2019, an extension from that announced for the fourth quarter. Accordingly, we've slightly trimmed our near-term outlook to reflect lower prices and reduced production. This reduces our fair value estimate to CAD 23 per share from CAD 23.50. Our no-moat rating is unchanged. After Western SPF benchmark lumber prices hit nearly $560 per million board feet in May due to a number of transpo...
Over the past week, Canfor announced a capacity curtailment, the purchase of Elliott Sawmilling in South Carolina, and the major purchase of Vida Group in Sweden. Although we believe these decisions are slightly value-destructive, the impact is modest and our fair value estimate is unchanged at CAD 23.50 per share. Our no-moat rating also remains intact. In our view, Canfor's purchases of both Elliott Sawmilling and Vida are marginally value-destructive for current shareholders. Elliott was purc...
Over the past week, Canfor announced a capacity curtailment, the purchase of Elliott Sawmilling in South Carolina, and the major purchase of Vida Group in Sweden. Although we believe these decisions are slightly value-destructive, the impact is modest and our fair value estimate is unchanged at CAD 23.50 per share. Our no-moat rating also remains intact. In our view, Canfor's purchases of both Elliott Sawmilling and Vida are marginally value-destructive for current shareholders. Elliott was pur...
Canfor is one of the largest softwood lumber producers in the world, with 6 billion board feet of production capacity in western Canada (73% of capacity) and the southeastern United States (27%). Homebuilding and remodeling are the main uses of softwood lumber in North America, although Canfor does export significant volume to China, making up roughly one fourth of sales in recent years. As price-takers, Canfor and peers see dramatic profit variations depending on the health of the U.S. housing ...
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