|Bid||48.64 x 0|
|Ask||48.65 x 0|
|Day's Range||48.52 - 49.92|
|52 Week Range||30.70 - 52.49|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||28.67|
|Earnings Date||Sep 11, 2019 - Sep 16, 2019|
|Forward Dividend & Yield||0.18 (0.35%)|
|1y Target Est||50.29|
Dollarama Inc. (TSX:DOL) remains one of the most well-known and successful IPOs in the past decade. Here's why a recent announcement by the company may spur another round of impressive growth.
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Dollarama Inc (TSX:DOL) announced this week it had acquired controlling interest of Dollar City, which will give the company access to some attractive, new markets.
MONTREAL, July 3, 2019 /CNW Telbec/ - Dollarama Inc. (TSX:DOL.TO - News) ("Dollarama" or the "Corporation") announced today that it received approval from the Toronto Stock Exchange ("TSX") to renew its normal course issuer bid in order to purchase for cancellation up to 15,737,468 of its common shares, representing 5.0% of the 314,749,377 common shares issued and outstanding as at the close of markets on July 2, 2019, during the 12-month period starting on July 5, 2019 and ending no later than July 4, 2020. Purchases will be conducted through the facilities of the TSX and through alternative trading systems such as prearranged crosses, exempt offers and block purchases. Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority.
The big shareholder groups in Dollarama Inc. (TSE:DOL) have power over the company. Generally speaking, as a company...
MONTREAL — Dollarama Inc. has signed a deal to buy a 50.1 per cent stake in Latin American retailer Dollarcity, which operates stores in Colombia, Guatemala and El Salvador.Under the deal, Montreal-based retailer said Tuesday the estimated purchase price was in a range from US$85 million to US$95 million based on financial projections provided by Dollarcity management.Dollarama will make a US$40-million payment upon closing the deal — expected to happen in August — and settle the balance in the third quarter of its 2021 financial year.The deal is expected to add two to three cents per share to Dollarama earnings for the remainder of its 2020 financial year, which began in February, and five to seven cents per share for its 2021 financial year."After six years of due diligence review and on-the-ground experience in Latin America, we believe that now is the right time to exercise our option to acquire this interest, and that Dollarcity is the right vehicle to capture the growth potential we see in our chosen markets," Neil Rossy, Dollarama's chief executive, said in a statement. "We have full confidence in our local partners, who will continue to lead the Dollarcity business with our support."Cannacord Genuity Corp. analyst Derek Dley said the deal gives Dollarama an additional long-term growth avenue in company showing strong sales."The transaction provides Dollarama entry into Latin America, where the company is seeing stronger sales per square foot than at its Canadian stores," Dley wrote in a report to clients.RBC Capital Markets analyst Irene Nattel said in a note that the news was encouraging for Dollarama."Although the market had widely anticipated Dollarama would execute the Dollar City call option, terms are more favourable than anticipated."Dollarama signed an agreement with Dollarcity in 2013 to share its business expertise and provide sourcing services.The deal included the option for Dollarama to acquire a 50.1 per cent interest in Dollarcity as of the beginning of the seventh year of the partnership.The agreement was amended in 2016 to postpone the opening of the call option window from February 2019 to February 2020. However, Dollarama said the companies have decided to accelerate the process.The Dollarcity board will include five directors including three Dollarama representatives and two representatives of the Dollarcity founding group.Dollarcity operated a total of 180 stores at March 31 including 44 in El Salvador, 54 in Guatemala and 82 in Colombia. It plans to have 600 stores by 2029. Companies in this story: (TSX:DOL) The Canadian Press
MONTREAL, July 2, 2019 /CNW Telbec/ - Dollarama Inc. (TSX:DOL.TO - News) ("Dollarama" or the "Corporation") announced today that it entered into a definitive stock purchase agreement to acquire a 50.1% interest in Latin American value retailer Dollarcity. The purchase price is based on a five times multiple of Dollarcity's EBITDA, minus net debt and subject to customary adjustments, and will be settled in cash using available free cash flows. "With this transaction, which is expected to be immediately accretive to our earnings, Dollarama is establishing a compelling second growth platform, in complement to our Canadian growth strategy," said Neil Rossy, President and Chief Executive Officer of Dollarama.
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