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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?


To: toccodolce who wrote (392)5/18/1998 2:06:00 AM
From: toccodolce  Respond to of 1673
 
Hi BM!

Here is info:

TORONTO STOCK EXCHANGE - THE CGI GROUP INC. - TSE Bulletin No 98-742; The
CGI Group Inc., Stock Split [270]

Canadian Market News from Market News Publishing, Thursday, May 14, 1998 at 17:31

The Class A Subordinate Voting Shares (the "Subordinate Voting
Shares") of the Company (Symbol: GIB.A) will be posted for trading at the opening on Tuesday, May 19, 1998 on a two-for-one split basis. The subdivision will be effected by issuing on or about May 27, 1998 to shareholders of record as of the close of business on Thursday, May 21, 1998 a certificate representing one additional Subordinate Voting Share for each Subordinate Voting Share held at such record date.
The Subordinate Voting Shares will commence trading on an distribution basis at the opening on Tuesday, May 19, 1998 and on any
transactions on or after this date, delivery may be made covering only one-half of the Subordinate Voting Shares sold, with the balance of such transactions being on a "when issued" basis, delivery to be completed when the additional shares have been received by the registered shareholders.

TEL: (416) 947-4700 Toronto Stock Exchange
FAX: (416) 947-4270 Marketing and Communications,

Tom...



To: toccodolce who wrote (392)5/18/1998 12:21:00 PM
From: BM  Read Replies (2) | Respond to of 1673
 
Fidelity and Talvest were among the first mutual funds to invest, to my knowledge. Actually, Christine Decarie (Montrusco, who manages Scotia Growth) was in even earlier but she cashed in before this thread even started so she's missed out on a 2000% gain, and probably much more.

I noticed a few weeks back that GBC Canadian Growth has 2% of its portfolio in CGI - they've been in since Jan 97. In March when CGI was at $36.30, the manager Ian Soutar had a 12-month target of $42. Isn't amazing how many analysts keep underestimating this stock. I don't follow mutuals much but when I did, there are good growth fund managers with Bisset and GT Global.

As for index funds, that's not the way to profit from CGI in my opinion - too many resource-based companies in the TSE indices at a time when resources are a bit weak. But then perhaps contrarians like that.

Thanks for the release too - I see that it's a TSE release, I hadn't thought of looking there.