AIM.TO - Aimia Inc.

Toronto - Toronto Delayed Price. Currency in CAD
3.3400
+0.1000 (+3.09%)
At close: 4:00PM EST
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Previous Close3.2400
Open3.3500
Bid3.3200 x 0
Ask3.3300 x 0
Day's Range3.3100 - 3.5000
52 Week Range2.9900 - 4.3000
Volume518,609
Avg. Volume312,791
Market Cap313.42M
Beta (5Y Monthly)2.17
PE Ratio (TTM)0.48
EPS (TTM)6.9920
Earnings DateFeb. 24, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun. 13, 2017
1y Target Est4.56
  • The Canadian Press

    Rewards company Aimia reports operating loss ahead of board overhaul

    MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.The loyalty rewards company, which sold Aeroplan to Air Canada early last year, saw operating expenses far outpace revenue despite shedding overhead costs.However, the Montreal-based firm eked out a net profit of $4.9 million in the quarter ended Dec. 31, a notable improvement on its $126.2-million loss a year earlier."We put in place an ambitious plan to radically simplify our operating model," CEO Jeremy Rabe said Tuesday."We remain on track to deliver profitability in 2020."Year over year, Aimia slashed operating expenses by nearly half last quarter as it cut its headcount by 70 more employees to 450 — down from 750 at the start of 2019 — and prepared to move its Montreal headquarters into a shared office space.Still, operating expenses topped revenue by 58 per cent, leading to an operating loss of $20.4 million, an improvement from a loss of $63.7 million a year earlier.A five per cent revenue drop to $35 million reflected client losses, lower customer spending and smaller one-time project revenues, partly offset by a few new clients, said analyst Drew McReynolds of RBC Dominion Securities.Tipping the balance sheet back to black was Aimia's 48.9 per cent stake in PLM — which runs Aeromexico's Club Premier loyalty program — and its 20 per cent share of AirAsia's Big Loyalty program operator, Biglife.PLM boosted gross billings and adjusted earnings by four per cent last quarter, delivering $4.8 million in distribution income to Aimia.The results came in ahead of the company's annual general meeting this spring, when a mostly new slate of directors are poised for election as part of a board overhaul prompted by a group of dissident shareholders last year.After a drawn-out fight over control of the company, the deal between Aimia and the rebellious investors last November marked a partial surrender to ringleader Charles Frischer, who had sought to overthrow half of its eight-member board, and to Philip Mittleman, its largest shareholder who was locked in a court battle with the firm."It was a big distraction for the company. I think going forward we're really excited to have that behind us," Rabe told analysts on a conference call Tuesday, noting the $2 million in "activism litigation" and related expenses last year.All of the company’s directors excluding Rabe and Mittleman have confirmed they will not stand for election to the board at the company’s 2020 annual meeting, to be held on April 29.The new board would hold nearly one-third of shares in the company, whose stock price has hovered below $4 for most of the past year after plunging from about $9 in May 2017.Aimia sold its flagship Aeroplan rewards program to Air Canada in January 2019. The deal left it with significant cash on hand, but also questions about its future amid months of turmoil over its leadership."With the strategic direction of the company somewhat in flux pending approval of the newly reconstituted board, we remain on the sidelines pending further clarity as to the ultimate impact on our net asset value," McReynolds said."Given all of the moving parts around efforts to stabilize the core business and reduce stranded costs, we view Q4/19 results as largely in-line."Aimia reported profits of 20 cents per share for the three months ended Dec. 31 compared with a loss of 86 cents per share in the fourth quarter of 2018 when it had more shares outstanding.Revenue totalled $35 million, down from $36.8 million, while operating expenses dropped to $55.4 million from $100.5 million.For the full year, Aimia's operating loss was cut almost in half to $73.2 million even though revenues were down 20 per cent to $134 million. It reported a $1.1 billion consolidated net profit or $8.80 per share, compared with a net loss of $72 million or 59 cents per share in 2018.This report by The Canadian Press was first published Feb. 25, 2020.Companies in this story: (TSX:AIM, TSX:AC) Christopher Reynolds, The Canadian Press

  • CNW Group

    Aimia Declares Preferred Share Dividends

    TORONTO , Feb. 25, 2020 /CNW Telbec/ - Aimia (TSX: AIM) announced today that the Board of Directors has declared quarterly dividends on all three series of its preferred shares: a quarterly dividend in ...

  • CNW Group

    Aimia Announces Conversion Privilege of Cumulative Rate Reset Preferred Shares, Series 1 and of Cumulative Floating Rate Preferred Shares, Series 2

    TORONTO, Feb. 25, 2020 /CNW Telbec/ - Aimia Inc. (TSX:AIM.TO - News) announced today that it does not intend to exercise its right to redeem all or any number of the currently issued and outstanding 2,921,275 Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") nor all or any number of the currently issued and outstanding 2,161,865 Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares") on March 31, 2020. As a result and subject to certain conditions set out in the rights, privileges, restrictions and conditions attaching to the Series 1 Preferred Shares, the holders of the Series 1 Preferred Shares have the right to convert all or any number of their Series 1 Preferred Shares, on a one-for-one basis, into Series 2 Preferred Shares and, subject to certain conditions set out in the rights, privileges, restrictions and conditions attaching to the Series 2 Preferred Shares, the holders of the Series 2 Preferred Shares have the right to convert all or any number of their Series 2 Preferred Shares, on a one-for-one basis, into Series 1 Preferred Shares, in each case on March 31, 2020.

  • CNW Group

    Aimia Announces Reconstitution of Board of Directors

    Aimia Announces Reconstitution of Board of Directors

  • CNW Group

    Aimia Reports Fourth Quarter 2019 Results

    Aimia Reports Fourth Quarter 2019 Results

  • CNW Group

    Media Advisory - Aimia to Report 2019 Fourth Quarter Results

    MONTREAL , Feb. 3, 2020 /CNW Telbec/ - Aimia Inc. (TSX: AIM) will issue its fourth quarter 2019 financial results at 6:00 a.m. ET on the morning of Tuesday, February 25, 2020 , and hold its quarterly conference ...

  • Here's Why We're Not Too Worried About Aimia's (TSE:AIM) Cash Burn Situation
    Simply Wall St.

    Here's Why We're Not Too Worried About Aimia's (TSE:AIM) Cash Burn Situation

    Just because a business does not make any money, does not mean that the stock will go down. For example, although...

  • CNW Group

    Aimia Announces Results of Common Share Substantial Issuer Bid

    MONTREAL , Dec. 31, 2019 /CNW Telbec/ - Aimia Inc. (AIM.TO) announced today the results of its substantial issuer bid (the "Common Share Offer") to repurchase for cancellation up to $62.5 million of its common shares (the "Common Shares") at a fixed price of $4.25 per share. The Common Share Offer expired at 5:00 p.m. (Eastern time) on December 30, 2019 . In accordance with the terms and conditions of the Common Share Offer and based on a preliminary count by AST Trust Company ( Canada ) (the "Depositary"), Aimia expects to take up and purchase for cancellation 14,705,863 Common Shares at a fixed price of $4.25 per share for aggregate consideration of approximately $62.5 million .

  • CNW Group

    Aimia Announces Results of Preferred Share Substantial Issuer Bids

    MONTREAL, Dec. 30, 2019 /CNW Telbec/ - Aimia Inc. (TSX:AIM.TO - News) announced today the results of its substantial issuer bids (the "Preferred Share Offers") to repurchase for cancellation (i) up to $31.25 million (on a combined basis) of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") and its Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), each at a fixed price of $17.20 per share, and (ii) up to $31.25 million of its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares", and collectively with the Series 1 Preferred Shares and the Series 2 Preferred Shares, the "Preferred Shares") at a fixed price of $19.00 per share. The Preferred Share Offers expired at 10:00 p.m. (Eastern time) on December 27, 2019.

  • Aimia nears deadlines for separate buybacks of common stock, preferred shares
    The Canadian Press

    Aimia nears deadlines for separate buybacks of common stock, preferred shares

    MONTREAL — Aimia Inc. says that a previously announced repurchase of its preferred shares expires Friday, a few days earlier than a buyback of common shares that was announced at the same time in November.The former owner of the Aeroplan loyalty points system, which has been sold to Air Canada, says its offer to buy back $62.5 million preferred shares formally expires at 10 p.m. ET Friday but online transfers will only be accepted to 1 p.m. ET.A separate offer to repurchase $62.5 million of Aimia common shares will expire Monday at 5 p.m. ET.The $125 million of buybacks were announced Nov. 18 along with a deal that settled disagreements with two groups of shareholders.Philip Mittleman, the company's largest shareholder, and Aimia chief executive Jeremy Rabe will be the only two incumbents to stand for re-election at the company's 2020 annual meeting.Charles Frischer, leader of a dissident shareholder group, will be nominated to the board by Mittleman Brothers LLC, which has said it didn't plan to tender any of its common stock to the buyback.This report by The Canadian Press was first published Dec. 27, 2019.Companies in this story: (TSX:AIM)The Canadian Press

  • TFSA Investors: Is This 1 Stock Poised for Significant Growth?
    The Motley Fool

    TFSA Investors: Is This 1 Stock Poised for Significant Growth?

    Aimia Inc. recently sold its Aeroplan division to a consortium of buyers. Is it still a good stock for a RRSP or TFSA?

  • 3 Reasons Why You Should Always Sell a Stock
    The Motley Fool

    3 Reasons Why You Should Always Sell a Stock

    If you struggle deciding when to sell underperforming stocks, then you've got to read this.

  • TFSA Investors: Now Is the Time to Buy This Value Stock
    The Motley Fool

    TFSA Investors: Now Is the Time to Buy This Value Stock

    There is significant intangible intangible value in Groupe Aeroplan Inc (TSX:AIM) that the market may be undervaluing.

  • CNW Group

    Mittleman Brothers Announces Comprehensive Settlement With Aimia Inc.

    Mittleman Brothers today announced it and its wholly owned subsidiary, Mittleman Investment Management LLC (together, "Mittleman"), have entered into a comprehensive settlement agreement (the "Agreement") with Aimia and with Charles Frischer.