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Macro Enterprises Inc. MCR .71



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By dquinton

Posted: Tuesday Dec 11 11:48:52AM 2012

I'm impressed!  Probably being held back by those convertible class A shares but they are now caught up on the preferred dividends.  Sounds like Q4 will be another good quarter with revenues around $33 million (similar to Q4/11).

I'm putting this one on my watch list.

Doren


By Flipper

Posted: Thursday Nov 29 6:12:26PM 2012

Amazing results. Up 78% today

 

Macro Enterprises Inc. Announces 2012 Third Quarter Results
                     

                 
FORT ST. JOHN, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2012) - Macro Enterprises Inc. (TSX VENTURE:MCR) -
                                      Summary of financial results          
                             (thousands of dollars except per share amounts)
                            ------------------------------------------------
                                  Three months             Nine months      
                                      ended                   ended         
                                  September 30            September 30      
                            ------------------------------------------------
                                    2012        2011        2012        2011
                            ------------------------------------------------
                                                 (unaudited)
                                                                            
Revenue                          $34,861     $38,229    $104,487     $96,191
                                                                            
EBITDA(1)                          9,776       5,144      23,050       9,087
                                                                            
Net earnings                       5,864       2,858      13,702       3,914
                                                                            
Net earnings per share             $0.24       $0.11       $0.56       $0.15
                                                                            
                            ------------------------------------------------
Weighted average common                                                     
 shares outstanding                                                         
 (thousands)                                              23,921      23,931


By Flipper

Posted: Monday Nov 19 6:20:33AM 2012

Macro Enterprises Inc. to Acquire Pipeline Construction and Maintenance Business

         

FORT ST. JOHN, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - Macro Enterprises Inc.
(TSX VENTURE:MCR) ("Macro") announces its wholly-owned subsidiaries
have entered into an agreement to acquire the business owned and
operated by North American Pipeline Inc. and North American Fleet
Company Ltd. of constructing, installing, maintaining, testing and
repairing pipelines and facilities in the oil and gas industry
throughout Western Canada together with certain assets used in carrying
on the business including pipeline construction machinery and equipment.
In addition, the purchasers will take an assignment of a master
services agreement with a major pipeline company to test and maintain
certain aspects of its pipeline network. The parties will enter into a
transition services agreement on closing to facilitate transition of the
business to the purchasers.

       

The purchase price is $16,250,000, subject to normal
adjustments, and is payable in full in cash on closing of the
transaction. The transaction is subject to receipt of the consents and
approvals necessary or advisable in connection with the transaction
including the approval of the TSX Venture Exchange.

       

A success fee equal to 1% of the purchase price is payable to
Mustang Management Ltd.("Mustang") of Calgary, Alberta on closing of
the transaction. Mustang is arms' length to Macro.

       

Frank Miles, the President and Chief Executive Officer of
Macro, says, "The acquisition of the pipeline construction and pipeline
maintenance business represents an important strategic opportunity for
our company and allows us to play a larger role assisting our customers
as they expand their mainline networks."

       

Macro's core business is providing pipeline and facilities
construction and maintenance services to major companies in the oil and
gas industry in northeastern BC and northwestern Alberta. The Company's
corporate office is in Calgary, Alberta. Its shares are listed on the
TSXV under the symbol MCR. Information on the Company's principal
operating unit, Macro Industries Inc., can be found at www.macroindustries.ca.


By Flipper

Posted: Thursday Oct 4 7:35:05PM 2012

82,500 shares bought back by the company.

                                                     
Oct 2/12     Sep 28/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    10,500     $0.710
  
Oct 2/12     Sep 27/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    500     $0.710
  
Oct 2/12     Sep 26/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    1,000     $0.710
  
Oct 2/12     Sep 21/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    2,000     $0.710
  
Oct 2/12     Sep 19/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    15,000     $0.740
  
Oct 2/12     Sep 18/12  Macro Enterprises Inc.     Direct Ownership       Common Shares   38 - Redemption, retraction, cancellation, repurchase    53,500     $0.740

 


By Flipper

Posted: Sunday Sep 23 10:02:47PM 2012

Macro Enterprises is comprised of three operating divisions: Macro Industries specializes in construction and maintenance of small- to mid-inch pipelines, facilities and gathering systems. Operations are centered in Fort St. John, B.C., with a satellite office located in Hinton, Alberta. Macro Industries maintains one of the most modern fleets of heavy equipment in the industry. Tracer Industries is also located in Fort St. John and specializes in ductwork and insulation for industrial applications including pipelines. Omineca Oil Services, based in Chetwynd, B.C., offers on-site plant construction and maintenance services. 24 million shares outstanding plus preferred shares Book value of $1.20 per share and working capital of 66 cents Earnings in the last 4 quarters of $1.40 per share P/E ratio is a microscopic 1.4 The negative is the preferred shares that pay dividends are convertible in common shares All things considered MCR is in the right sector and perhaps significantly undervalued

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