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Great news, UGSI got bought out..
http://www.otcmarkets.com/stock/AEGN/news
not sure if it is safe to say UGSI now has $80 million in cash. the reason is the founder of this company owned the patents, so if he sold that part of the business along goes the patents.quite possibly Mark S. has $80 million and not UGSI.
thanks Fred for tuning in and coming to the board with what you heard, it did come across as if the whole company was bought for $85 million. interesting to see what Andy does with it. I'm thinking a spending spree ,and IPO with a name change come 2017. one thing though UGSI does have a $30 million bill with Riverwood. with $15 million more available. so there is now $100 million available to restructure and move forward. very promising and positive with a leader like Andy. I wonder is Mark S. completely out of the picture and Andy is now taking this company in the direction that he sees fit for the benefit of the shareholders.
If the sale represented 55% of the Co, this places the acquired value at $155 million with the remaining 45% worth $70M. Let's assume a buyer premium was paid so the intrinsic value is more like $140M. This places the remaining segment (UGSI, Inc.) value at approx. $63M. Any thoughts, input, insights or comments?
With the benefit of hindsight, this divestiture may have been in the works for awhile. I say this because UGSI seemed to be separately branding and referencing the "solutions" side of the business for over a year now.
Going forward, Mobile Pipe is going to be a drag on margin as demand from the oil and gas industry is slashed. AEGN just announce their own divestiture to reduce exposure from the same industry headwinds.
We are now left with the [old W&T] Chemfeed and PCI solution businesses. Not a bad thing since they would seem to be higher margin and less labor and capital intensive than the "old" underground side.
I have to assume the electrical conduit part of the business where we were gaining traction and held a lot of promise will be part of the sale. Damn!
I imagine we will see the $85 million put to work soon on another "solutions" side acquisition.
If only the pipe business was sold, I assume the result is UGSI as a company continues (less presumably a large part of its revenue base), but with $80M more cash in the bank.
Listen to AEGN conference call gentlemen. Only the pipe PVC business was sold. Andy will be running the other divisions and is not going to AEGN. I'm sure UGSI clarification/voting letter will be coming shortly because there is a lot of confusion.
The voting rights shareholders will most likely shoot this down. Pictet bought in at .22 no way will they sell out at .08,,,,,, not a done deal . $85 million is an insult. unless of course the cash that UGSI already had gets dispersed to the shareholders in the form of a dividend.
Have been out of pocket all day and getting to leave for a dinner engagement. Is AEGN acquiring UGSI, Inc in it's entirety or just the Underground Solutions, Inc segment of UGSI, Inc.? They may be one and the same. Clarification anyone?
Straightshooter. You've been right on with this stock for years. Thanks for your valuable insight over the past 6-years or so. Thoughts on price/share? Obviously, the few senior UGSI people who will remain with AEGN, probably received a very aggressive pay package. I wonder how happy our PE people are...I'm sure they are the ones who pulled the trigger with their close to 45% ownership.
You can lead a horse to water but you can't make him drink, although I did try.
http://www.businesswire.com/news/home/20160104006611/en/Aegion-Corporation-Announces-Actions-Enhance-Future-Growth
MIA
Strange that there has been no Q3 shareowner letter to-date, not that it would contain anything out of the ordinary. I do think they may be working on another acquisition and waiting for finalization so they can include details in
the report. Alternatively, it could even be an asset sale announcement and sign that a certain segment(s) is
not performing. Either way, the share price has been beyond disappointing. I guess you already know that!!
Happy New Year to all.
My GUESS is it will be out this coming week. No reason to expect any great revelations. Why should there be? 2016 will be a pivotal year IMO.
Anyone know what's happening with the shareholder letter. I don't recall it's being this late. Have they stopped issuing?
Attn: Fred
Email me your current email address. Tried sending you something and it was kicked back. Thanks.
Fred, I will say it for you..... were's the damn frigging shareholder letter.
This article is old news but it will serve as a reminder that we on this board are not the only stockholders in the red ,they bought in at .08 and are now losers on paper, these people are right there with us now, difference is they can talk to Andy and the BOD we can't. so I expect 2016-2017 to be turn around pivot point for the this stock I am continuing to buy,http://www.sddt.com/news/article.cfm?SourceCode=20060119cze#.VkJcKV4TbOM
I think you could be too, but do you have any knowledge or R U guessing like the rest of us?
All I know is i will be here for a long time...
What do you know or think you know??
Underground infrastructure rebuilding.
Should see a nice uptrend starting.
You are right, Fred! Except for perhaps a few crickets, things have been very quiet around the UGSI board lately. What do you think are the chances of another acquisition being in the works?
We should still have some available funds from the Riverwood transaction, as well as the internal cash being generated from operations. An objective over the last few years seems to have been the desire to make an acquisition about every 12-24 months. I'm sure the new Riverwood representation on the Board would like to see critical mass increasing also. Andy's past MO has not been to sit still for very long.
Only time will tell. Stay tuned. We have no other choice!
Tired of talking to myself on this board. So I'll be signing off until: 1) stock hits double digits or 2) stock hits $0.04 offer price. So good luck to all us losers...because that's exactly what we all are!!
Conference must not have gone well. Stock down hard on "heavy" volume. Looking for that $0.04 handle to buy more.
I assume none of us "regulars" will be at that water conference in Chicago-- (because none of us can afford a plane ticket based on the stock price of $0.0799)!!
$0.15 is 52-week high; $0.0465 is 52-week low. I'm guessing we will be breaking that low soon. Isn't this sad for us dedicated shareholders? Maybe having Andy at that water conference in Chicago will lift the stock next week? NOT!!
Lot of time left... But I think I'll be right!
Fred--Small consolation--Post #1629
UGSI may be losing ground but if it keeps up, at least you will win $50 from me at the end of the year. Copy of post #1629 below. What the hell was I thinking!
________________________________________________________
Fred,
Greetings! You and I can have a head-to-head on the y/e closing price of UGSI. You selected 5.5 and the current bid/ask is .08/.09, so current price is say .085. Your guess of .055 is .03 below the current price so I will say a closing price of .115 (.03 above). Whoever is closest pays the winner $50. Deal?
Offer prices for UGSI for past 5 trading days: .10, 9.5, 9, 8.5, 8.0. Yes, we have lower offer prices every day! Not a good sign, but I would love to add at $0.04 or less (just like the lucky guy/firm who bought that last large block of 20,000,000 shares).
there not excited thats the thing, there not emotional over this at all, they are a much diversified class act, they don't put all there eggs in one basket,they will at the very least double there money after having it parked here for 10 years,everything that has happened with this company over the past 8 years, it was all layed out for them behind closed doors so they knew already Andy's plan. we little people just were keep in the dark.this is just my opinion Fred, and actually the only fiber of hope we common shareholders have, is that Pictet will eventually want to post a return on there books.I think Riverwood , Pictet, the BOD, you me and everybody else will make money here.
Sewer dog...question. Why hasn't Pictet bought more stock at much lower prices? There were many opportunities these past few years, especially this past year where someone or some company bought 20,000,000 + shares from UGSI at $0.04/share. If Pictet is so excited about their "losing investment", why wouldn't they bid for these blocks that the company is involved in selling?
for what I pack in them ,your right, thats all you got, but you do stand corrected.like it or not. and Andy keep up the good work.
SD, your underwear must be way too tight
what does box 6 say. yeah you stand corrected.
you were that kid that sat in the back of math class and didn't get the lesson, would you like me to post the SEC filings one more time? because I can back up what I post. yes or no , you know I'm right .keep up the good work Andy
hmmm , guess you do , but you know what I mean, how much you got invested here? $19 whole dollars, Pictet has $19 million, but what the use in trying to convince any you that they will not take a loss after 10 years they will make it happen, besides they had to of cast there vote for the Riverwood deal, everyone will eventually make money,
geeze do I need to post it again, again and again, they have voting rights , do you ?
Pictet has zero seats on the board and own less than 1/2 of 1% of the total outstanding stock. They mean nothing.
As I recall Riverwood has 2 seats on the Board. How many does Pictet have?
Pictet will come to the rescue soon. you know it, keep up the good work Andy!!!
Isn't it amazing the few loyalists who continue to say so many good things about Andy, this company, the industry....as the stock gets closer and closer to ZERO!! It's so disappointing, but then we all forget that this really is a PRIVATE company. There really should not be trading on this stock...or how about we at least get a new symbol (UGLY)?
16% down today...and the pain continues. With tax selling season coming, there is no doubt we will be looking at a $0.05 or lower stock price soon.
well its nice to see that the members of this board are seeing now what I have said all along , Mark Smith wasn't so bad after all. but its also nice to see members that have not given up on Andy either.Andy has done a great job growing this company, Mark made a very good choice. which leads me to my next guidance lesson, buy all you can now the year 2017 is approaching and that will be the year Pictet 59 million shares strong ,$19 million invested at .22,year 2007, 10 long years and they will be looking for a return on there investment, good news is when they benefit,we benefit. yes I will say it again PICTET, PICTET, PICTET, just like I said Mark Smith was good for shareholders , PICTET will be our saving grace,mid 2017 stock is gonna pop big.just my honest opinion.and thats all.
Those of us who follow and invest in UGSI know (or believe) in the company and its future. I continue to believe the company has not been discovered by those who invest in such companies.
Mark Smith promoted the company but maybe too aggressively. While I don't fault Andy for NOT doing what Smith did, I do sometimes wonder if a little more "selling" of the company might be in order.
Just a thought.
Great shareholder letter, some good media...and again no one cares and I expect another all-time low by end of year. Remember tax-loss selling is coming the next few months.
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Underground Solutions, Inc. Fusible PVC™: http://fusiblepvc.blogspot.com/
Underground Solutions YouTube Channel: https://www.youtube.com/user/fusiblepvc
UGSI, Inc.
UGSI, Inc., a private company, is a provider of cutting edge infrastructure technologies to the water, wastewater and energy industries. With one of the most experienced water industry management teams, a historical compounded annual growth rate of 30% and a solid balance sheet, UGSI, Inc. intends to remain in the top tier of water and energy infrastructure companies from a growth and profitability perspective.
Underground Solutions provides infrastructure technologies for water, sewer and conduit applications. Our primary products include: | The primary product lines for UGSI Chemical Feed, Inc. include: PolyBlend® Polymer Feed and Control Encore® Chemical Metering Solutions Dry Chemical Feed Equipment Liquid Chemical Feed Equipment Varea-Meter® Variable Area Flow Meters |
Mobile Pipe Lining and Coating provides quality pipe coatings and linings to the oil, gas, and water and industries. | PSI On-Site Disinfection: MicrOclor On-Site Hypochlorite Generation (OSHG) is truly the Safe, Sound, Clean & Green disinfection option. Tank Shark provides for a homogeneous mixture within the reservoir, eliminating thermal and residual stratification. Additionally, the Tank Shark allows chlorine and chloramine injection with no moving parts or electrical equipment within the reservoir. |
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