Aecon Group Inc.

And that's what we've done over the last year.

Okay, so let's get through Akon Group, which is your next pick, because I'm running short of time.

So why do you like Akon Group? And people are piling into Byrd, as we talked about.

Why Akon?

Yeah, so Akon is EPC, more construction.

The reason we like Byrd, 25% revenue growth.

EBITDA has doubled over the last year, okay? So margins expanding.

Right.

Because Akon would subcontract some of the work out or Carillion would subcontract some of the work out.

So when you deal with those small business owners, you realize they have no system in place.

They don't know how to collect the money on time or how to pay their bills on time or how to put scales in place or how to put the systems in place and how to build a second layer of leadership in place.

It seems like it's the cheapest in the space here.

I did really well on Akon.

By anyone, is that a favor for about a quadruple right now? Do you think North American can have a nice rebound as well?

Yeah, you know what? That's interesting because we own it.

in the oil sands and in terms of capital spending there but they diversified very well they've done australian acquisitions they've gone into other constructions i think the oil sands are now probably only you know 10 to 15 percent of their total you know operating earnings so uh and the valuation of what they've bought in australia looks you know fantastic when the construction is picking up theirs kind of picking up domestically things trading at about you know three three and a half times operating cash flow about eight nine times earnings and it just it You know, these things are not, you know, they're out of favor right now.

But you're right.

I mean, Akon's had a better move.

Berg Construction's had a decent move.

We've got so many other questions in the mailbag, so let's get to those.

We've got a question on Akon, ticker A-R-E, this one from sat83 on Instagram.

What do you think about Akon? And this one has been a pretty resilient, you know, there's been some choppiness, but like an engineering construction company, you know, record backlog.

Do you like it?

So we own it and we went through the choppy times with the fixed price contracts that dogged the company for a few years.

So construction has officially begun on Pickering Nuclear Generating Station, refurbishment that will extend the operating life of four CANDU reactors at the place in Ontario by up to 38 years and generating 2,200 megawatts of power for 2.2 million homes.

So major contracts include a $1.7 billion agreement with Atkins Realis and Akon, and that's alongside a $1.3 billion turbine generator contract with Akon and Siemens Energy Canada.

So they plan to keep over 90% of their construction spending in Ontario.

So the project is projected to create 30,500 annual construction jobs and generate $41.6 billion in GDP and secure a long-term supply of medical isotopes while shielding Ontario's grid from foreign energy dependencies.

Uh, and, uh, Canadian companies have, um, have participated in that.

I know Aecon, uh, for instance, uh, did that with, uh, Czech airports, uh, you know-

Mm-hmm

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