Grande West Transportation BUS.V
Posted: Thursday Feb 2 6:05:00AM 2017
Another $13M win this WEEK.
Grande West Receives $13 Million Order From City Of Edmonton
VANCOUVER, Feb. 2, 2017/CNW/- Grande WestTransportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, is pleased to announce it has received a new order from the City of Edmonton totalling approximately $13 million CAD.
The order is for thirty-three (33) Vicinity buses for delivery in Q1 2018.
Jean-Marc Landry, Vice President Business Development stated, "We are extremely pleased to be providing 33 additional buses to the City of Edmonton. This is the third order from the City since September 2016, bringing their total firm orders for Vicinity buses to 49 units."
Grande West's total firm orders for 2017 and early 2018 delivery are for two hundred forty seven (247) buses valued at over $87 million CAD.
Posted: Monday Jan 30 3:55:57PM 2017
Grande West receives $13 million Vicinity order
VANCOUVER, Jan. 30, 2017/CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, is pleased to announce it has received a new order from BC Transit totalling approximately $13 million CAD.
The order is for thirty-nine (39) Vicinity buses for delivery starting late 2017 through early 2018.
Grande West's total firm orders for 2017 and early 2018 delivery are for two hundred-fourteen (214) buses valued at over $74 million CAD. Firm orders and options for 2018-2020 delivery are currently at ninety (90) buses.
Posted: Monday Jan 30 6:41:33AM 2017
Grande West Transportation Group Inc. has been halted at the open on Jan. 30, 2017, at the request of the company, pending an announcement.
Posted: Sunday Jan 29 8:39:21AM 2017
Heres a link to the insider buying.
Over 700,000 shares bought in the last 6 months for nearly $900,000
Posted: Saturday Jan 28 10:18:51AM 2017
Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30' and 35' models designed with affordability, accessibility and global responsibility in mind.
Shares outstanding 53M (FD 69M) Insider ownership 45%
Powerpoint presentation http://www.grandewes...tor-Dec2016.pdf
The company spent years engineering and manufacturing a midsize bus to meet the needs of Canadian transit authorities with a cost effective alternative to 40 foot buses and cutaways.
The company has firm orders for 175 buses for 2017 delivery worth over $61-million. Management expects further orders for 2017 delivery in Canada and the United States.
Altoona tests show that Grand West buses are “the best in class”
Insiders have been aggressively buying shares the last couple months.
The company has been dominating the Canadian market and has now entered the US market. Alliance Bus Group, one of the largest USA retail bus sellers is the exclusive distributor in the USA.
Received Buy America certification which will allow the company to gain access to US transit market and will assemble buses in the US in second half of 2017.
Anticipate that GW will be cash flow positive in Q1 2017 with expectations of greatly improved margins and higher sales.
In summary Grande West is a compelling growth stock with big upside. Catalysts are sales ramping in 2017, improved margins, expansion to the US private sector (Airport Shuttles) and the US transit market.