Archive for February, 2006

Tim Hortons IPO Vital Statistics

February 28, 2006

18 comments

Wendy’s filed more information on the upcoming IPO of its Tim Hortons subsidiary recently. The highlights of the filing are:

  • Ticker: THI on TSX and NYSE
  • Price range: $21-$23
  • Offering size: up to 29 million shares (or up to $667 million)
  • Over-allotment Option: up to 4.35 million shares
  • Shares outstanding: 189 million
  • Market capitalization: $3.9-$4.3 Billion
  • Underwriters: Goldman Sachs, RBC Capital Markets, JPMorgan, Scotia Capital
  • Number of restaurants: 2,597 in Canada, 288 in U.S.
  • Revenues (2005): $1.48 Billion
  • Operating Income (2005): $290 million
  • Net Income (2005): $181 million
  • EPS: 96¢
  • Dividend policy: 20¢ per share.
  • P/E (based on $22 share price): 23
  • Dividend yield (based on $22 share price): 0.9%
  • 5-year Revenue growth: 9.4%
  • 5-year Income growth: 7.3%
  • Same-Store Sales (2005 over previous years): 5.2% (Canadian stores) and 7.0% (U.S. stores)
  • New Stores Opened (2005): 187

All figures in Canadian Dollars

DIY Finances

February 27, 2006

1 comment

I am adding DIY Finances to the Canadian Financial Blogs page. The author, a federal government employee living in Ottawa, writes about his personal journey to financial independence. He plans to learn, share and discuss real estate investments and hopes to own an income-producing property in the future. Posts are roughly once every day and covers varied topics like indexing, book reviews, course reviews and how-to articles.

Free Canadian MoneySaver Seminars

February 26, 2006

2 comments

Canadian MoneySaver magazine is presenting free seminars at many Costco locations across Central and Eastern Canada in April and May. The two-hour financial seminars will cover taxes, investments and financial planning. More information on the schedule, locations and how to register can be found in the MoneySaver website.

Note: The Money Blog Network hosted this week’s Carnival of Personal Finance and I will be hosting the next edition. You can send your posts to ccapitalist-at-yahoo-dot-ca with Carnival of Personal Finance in the subject line. Please include the title of the post, the URL and a one or two line summary.