Within the eyes of Quebec Inc.: They’re doing it once more in Stingray

On this bi-weekly column, we offer an outline of insider transactions and investments in Quebec corporations.

Boyko and Pathy are reinvesting greater than $1 million into the corporate

Stingray CEO Eric Boyko purchased greater than $530,000 price of shares within the Montreal-based multimedia content material firm simply over two weeks in the past. Stingray CEO Mark Pathy reinvested greater than $580,000 within the firm final week. Stingray shares are up about 6% year-to-date.

Bombardier CEO buys

Eric Boyko

Éric Martel archive picture, Martin Alarie

Éric Martel, Bombardier’s large boss, purchased almost $520,000 price of Bombardier shares final week. He now owns $3.1 million. For his half, the CEO of the multinational, Pierre Beaudoin, made a revenue of just about $275,000 simply over two weeks in the past by exercising the corporate’s inventory choices. Bombardier shares have fallen about 25% since their latest peak of $74 reached in April.

A lodge modifications fingers

Eric Boyko

The Hôtel Montfort in Nicolet Photograph offered by Hôtel Montfort

The corporate QuatreL, owned by Zhi Liang and Shu Ping Li from Candiac, has simply acquired the Hôtel Montfort in Nicolet for an undisclosed quantity. The power is positioned within the former monastery of the Fathers of Montfortain and was inaugurated in 2012. Final yr, QuatreL acquired Auberge Godefroy in Bécancour.

A social financial transaction

Eric Boyko

A plant from Busy Bees. Photograph from Busy Bees web site

The Nationwide Financial institution granted the AFFI group in Boucherville a so-called “Social Mission” mortgage for the primary time. The financing, which additionally included Investissement Québec, enabled the corporate to amass Abeilles Busy Bees, a Montreal packaging firm. AFFI was based in 1971 and presents itself as one of many largest social financial system corporations in Quebec. The overwhelming majority of the roughly 700 workers have a incapacity.

Individuals purchase an SME from Longueuil

Eric Boyko

The LRBG manufacturing facility in Longueuil. Photograph from LRBG Chimie web site

Bakelite Synthetics of Atlanta, Georgia, introduced this week that it has acquired LRBG Chimie, a Longueuil-based resin producer based in 1937. LRBG was previously a subsidiary of Tembec, then of the American group Rayonier AM, and has been a part of its administration staff since 2018.

He buys Coveo

Eric Boyko

Brandon Nussey picture from LinkedIn

Since Could, Coveo Chief Monetary Officer Brandon Nussey, a local of Ontario, bought $200,000 price of shares within the Quebec firm simply over two weeks in the past. Because of the keenness for synthetic intelligence, Coveo shares have risen round 40% for the reason that starting of 2023. Nevertheless, it’s nonetheless considerably beneath the worth it had when it went public in autumn 2021.

Plus Firm makes an acquisition

Eric Boyko

The Cossette promoting company’s father or mother firm, Plus Compagnie, just lately acquired Munvo, a Montreal firm specializing in “advertising applied sciences.” Munvo employs round 100 folks in Quebec, the US and Africa.