Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 19, 1994, Winnipeg, Manitoba Graham prime retail space skywalk link High traffic location 9257664 Winnipeg free press Money Philip 6977017 a9 april 1994 local i Well managed companies see Little action in Toronto undervalued9 by Martin Cash staff writer even though Cinpak is holding its annual general meeting in Toronto in a couple of it probably will have Little bearing on the Way its shares Trade on the Toronto Stock the Winnipeg Foo wrap manufacturer has a Stellar track record of expansion and solid but shares Are thinly traded and Many analysts say the Stock is but As the annual meeting season for Winnipeg Public companies gets under investors group and greatest life Assurance both holding theirs in Winnipeg late next Worth pointing out that the Cinpak scenario is not an exception to the Rule when it comes to the Fate of the 12 Manitoba companies listed on the its More like the a couple of years ago you could buy Cinpak for or said Kim Mccartney a Winnipeg stockbroker with Richardson the Stock closed last week at Cinpak is an excellent Canadian corporate of the Winnipeg companies Are not covered by the Eastern but there Isa great value Well managed in it Doest take that big a stretch to make the comparison Between Winnipeg Public companies and the Overall feel of the Ivan a broker with put it this the main Story behind Winnipeg companies listed on the tse is that they Are Well managed the Powers that be in the City have been complaining for years that Winnipeg is a underappreciated is the same As saying its Stock is and the comparison does not end Winnipeg business i Manitoba listings on a10 Community has an inordinate number of medium sized family owned businesses and among the few Public companies that do exist Many have share structures that leave the majority of equity in the hands of a particular family or Parent about 60 per cent of the shares of Gendis for which last year grossed close to million in Are in the hands of the Cohen Gendis has some of the Best underlying value on the although it is primarily known As a retailer and partner in Sony Canada it has wonderful underlying Oil and Gas Mccartney on the other another broker Gendis has a reputation of great value As i like to it trades by appointment what the broker meant was that if a customer wants to buy or sell shares in Gendis it is hot always possible to execute the Trade promptly because of the Small float of shares and hence the relatively Small trading the same thing can be said for Many Winnipeg Public Power financial of Montreal holds about 85 and 75 per cent respectively in Winnipeg two largest life and investors the majority of shares in Cawest global communications one of the newer Winnipeg Public Are held by the family of company founder and last week can West had its float of shares increased by about 25 per cent after share Purchase warrants that were included with the company initial Public offering of a couple of years ago were majority control of Moffat another member growth and profits have Little effect on the Way shares in the 12 Manitoba companies listed on the tse Are analysts of the currently hot Media and communications is also held by that company founding Brian a broker with Burns Fry in said the relative Lack of tends to deter institutional and Mutual fund be Good and bad for the companies if there is Selling pressure on a liquidity is a negative Katz because it will bring Down the Price of a but when a company like can West gets hot with acquisitions and doing exc ing the Lack of liquidity is a he a couple of widely held companies represent past and future glory of Winnipeg corporate fortunes on Bay Federal industries once the daring of Bay was hit hard by the recession and its Stock but it has since restructured and there is some renewed Federal industries seems to be Back on its Katz another new listing that enjoyed builders to promote construction spending some Success and attention from Bay Street is the North West although it is currently trading near its 52week its been caught in the Walmart scare As have most Canadian the newest Winnipeg company to be listed on the tse is Buhler industries John president and 87 per cent owner of the took his company Public via a reverse takeover of a Small Steinbach company called Cra tech the agricultural equipment manufacturer did not float an initial Public offering but said the listing will provide a vehicle to do so if necessary in the As Well As common which allow shareholders to participate in the fortunes of a like greatest life and Federal Issue preferred Stock with guaranteed companies Issue this Type of Security to balance their capital Between debt and different types of investors might buy their stocks for the More secure income they they Rise and fall in value with the interest you could win one of too by Kelly Taylor staff writer Manitoba a heavy construction Industry is at tempting to combat what it feels is a Lessith unenthusiastic pub Lic attitude toward infrastructure there Are considerably More people calling their la about health care or social Chris president of the Infra Structure Council of said i dont think there Are Many peo ple calling their governments Over the infrastructure Council was officially launched Lorenc says its mandate is to in form the Public about the economic and societal benefits of maintaining and developing a healthy Public in the group is sponsored by some of the biggest players in heavy con the Industry that benefits most directly from infrastructure ice describes infrastructure As Lorenc inform the Public any physical asset necessary for tourism and residential including water Supply and sewage telecommunications facilities and Public who is also chief executive of the Manitoba heavy construction said ice will not be a lobby but will instead try to Sway Public opinion towards infrastructure development by out lining its economic advantages and presenting new ways to fund Infra Structure using partnerships be tween the Public and private Sec Ruben a former economics professor at the University of Manitoba and retired fellow of Johns told yesterdays press conference that infrastructure provides jobs and builds a bet Ter economic base for local Compa Nies to use when competing with for eign it is a very desirable Way of in creasing we have All the Neces sary tools and and we dont have to worry about markets to sell he we have the Market right Lorenc said that while govern ments have said they support Infra Structure politicians at various Levels have said they dont believe the Public is equally con Quebec latest utilities to see the Power smart Light Ontario Hydro and by Dro Quebec have joined Power smart effectively creating the worlds first National Energy efficiency Power smart is a joint initiative by Canadian electrical utilities to assist their customers in the Wise and efficient use of with Ontario Hydro and Hydro Quebec joining Power All the leading electrical utilities in Cana including Manitoba Hydro and Winnipeg Are now United in promoting the Power smart Energy efficiency Manitoba Hydro president and chief executive Bob Bren welcomed the addition of on Tario Hydro and Hydro Quebec to the Power smart which includes 33 member utilities and Energy agencies in the United the Caribbean and Eastern with Ontario and Quebec on Canada will be in a position of Brennan Canada has always had an ener Gyin Tensive by taking this National the improved Energy efficiency of our Economy will make us More competitive he said it also will give Power smart More influence and Cost effectiveness with retailers and manufacturers of Power smart in Canada More than retailers participate in Power smart promotions and More than in erg efficient products from More than 75 major North american manufacturers have been endorsed with the Power smart Brennan also announced that simultaneous to Ontario Hydro and Hydro Quebec Power smart also has 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