Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Quote  |  Bullboard  |  News  |  Opinion  |  Level II  |  Charts  |  Profile  |  Financials  |  Options  |  Price History

Automodular Corporation T.AM

Sector: Consumer Cyclical | Sub-Sector: Auto Parts

Automodular Corp is engaged in sequencing and sub-assembly of modules that are installed in equipment assembled by North American Original Equipment Manufacturers at plants in Canada. It offering include; instrument panel, power pack and rear suspension.
Price: $2.15 | Change: +$0.02 | %Change: +0.94%
Volume: 40,077 | Day High/Low: 2.15/2.10 | 52 Week High/Low: 2.55/1.96
View modes: 
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

Assuming they are producing right up until contract end, it is not really possible to start the operational windup; you also never know if there is overflow, even by a couple of months.  Assuming no...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

I would have agreed with Sanspeine more fervently a few months ago.  While the wind down of the Ford business is clearly in progress, and I think there is still a high probablility of AM winding...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

Wind down is in progress. So not much cash flows this quarter. c Continuation of quarterly dividends suggests that there is no tangible hope of acquiring a new business. That is, liquidation is...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

I have been shareholder of the company on and off and have to say I'm pleased (I avoid it when it ran up to $3+).  But once the wind down has become rather likely, I had been relunctant buying shares...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

Regarding no business post Ford, I seem to recall mgt commenting on this once in the past.  I think there could be initially a partial distribution of net assets (cash) to shareholders after Ford wind...read more
0 stars

RE:RE:Pending announcement ???

Sounds like those Chinese reverse merger  rate and reply
0 stars

RE:Pending announcement ???

AM could also be bought by a startup wanting a fast track to a TSX listing !!  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:Pending announcement ???

I am not experienced enough to see a wind down and liquidation / redistriubtion of $ back to shareholder of a public company.  Note sure how long it would drag on.  The period between last revenue...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

As do I.  I like these net-net scenarios.  The only other one I have found so far is SMD, a resource property generator with stakes in RK and ATC.  Any others?  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

Sorry, I was using 2013 f/y end figures. A little out of date. I like your numbers a lot better.  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:RE:Pending announcement ???

I'll be honest, I am not sure how you came to that net value.  Based on the June Sedar fillings, you had $41.49m of current assets net of liabilities.  They had free cashflow net of dividends of $4.5...read more
0 stars

RE:RE:RE:RE:RE:RE:Pending announcement ???

Assuming that the prop/plant/equip and other long-term assets are worth zero and there is no other hidden costs. The net value per share will now be $1.93. Doesn't look too good.  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:Pending announcement ???

I agree with your points, and appreciate your experience with previous liquidations and the inherent mgt costs. The one thing that I'll add is that the one thing that could drag on a bit before final...read more
0 stars

RE:RE:RE:RE:RE:Pending announcement ???

Having gone through this type of analysis in my corporate life, likely the "care of insiders/management" has already been locked up in retention contracts.  This makes these costs very easy to...read more
0 stars

RE:RE:RE:RE:Pending announcement ???

AM has a book value of $2.23. I am curious how much investors will receive on the wind-up. The wind-up costs could be a lot more if the company should decide to take good care of its insiders...read more
0 stars

RE:RE:RE:Pending announcement ???

No, you are right on the volume but it makes the share price swings not of much validity.  If we saw some block moves, it would indicate the hedgies maybe were liquidating but since that is not...read more
0 stars

RE:RE:Pending announcement ???

AM's sp has been weakening, so it is odd for a manufacturer to be up or even holding in the kind of slide we're seeing  for the larger market. Good point that volume is only 30,000, but I will also...read more
0 stars

RE:Pending announcement ???

Not on 30,000 volume.  Likely safe haven if anything.  rate and reply
0 stars

Pending announcement ???

Stock up $0.06 in a down day. Most of the buying done by Scotia  rate and reply
0 stars

RE:RE:RE:RE:RE:Ford supplier to close Oakville plants

Any idea what the tax treatment for the shareholders will be for the wind down of a company?  It doesn't happen often, especially public companies.  I've been relunctant to buy shares outside of RRSP ...read more

How to invest in private equity without writing a $1 million check.

Click here to watch the video