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4-Traders Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Macro Enterprises Inc.    MCR   CA55608F1062

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Macro Enterprises : Announces Changes to Management

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05/12/2014 | 06:01pm CET
Fort St. John, B.C. - May 9, 2014 FOR IMMEDIATE RELEASE MACRO ENTERPRISES INC. ANNOUNCES CHANGES TO MANAGEMENT

Macro Enterprises Inc. (the "Company" or "Macro") advises that T. Jerrold Jackson, Chief Financial Officer (CFO) and Corporate Secretary, has decided to retire from his position with the Company effective July 1, 2014. Mr. Jackson will remain as Chief Financial Officer and Corporate Secretary of Macro through June 30, 2014, managing the completion of the first quarter financial statements, the annual general meeting of shareholders and related regulatory filings. Mr. Jackson is based in Calgary but with the Company's recent rapid growth, a Fort St John based Chief Financial Officer is now required.
Macro has begun the process to identify and recruit a new CFO. The Company is looking for qualified candidates who are willing to work on a full time basis in Fort St. John in order to enhance the management of the business and future growth.
The Company wishes to express its grateful appreciation for Mr. Jackson's contributions to the Company and wishes him well in the future.
Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry. The Company is based in Fort St. John, B.C. Its shares are listed on the TSX Venture Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at www.macroindustries.ca
For further information please contact:
Frank Miles William McFetridge
President and C.E.O. Director
Phone: (250) 785-0033 (604) 641-4825

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Financials ( CAD)
Sales 2016 54,4 M
EBIT 2016 -10,6 M
Net income 2016 -6,90 M
Finance 2016 36,2 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 30,43
EV / Sales 2016 0,52x
EV / Sales 2017 0,26x
Capitalization 64,5 M
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Buy
Mean consensus BUY
Number of Analysts 2
Average target price 2,58  CAD
Spread / Average Target 21%
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Managers
NameTitle
Frank Miles Director, Chief Executive & Operating Officer
Jeffrey A. Redmond Chief Financial Officer & Secretary
Mike Nielsen Director & Senior Vice President
William McFetridge Director
Ronald Baker Independent Director
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