PKIUF Parkland Income Fund featured news, full reports, and detailed charts
Parkland Income Fund (PKIUF/PKIUF.PK) Wrap Up:
Parkland Income Fund, an unincorporated open-ended limited purpose mutual fund trust, engages in the fuel marketing, convenience stores, and related ancillary businesses in western Canada. Its fuel products include gasoline, diesel, heating oil, and propane fuel. The company also sells propane and agricultural inputs, such as fertilizer and farm chemicals, lubricants, and other products to commercial and industrial customers. The company operates retail service stations and convenience stores under the Fas Gas, Fas Gas Plus, Race Trac Fuels, Short Stop Food Stores, and Esso brand names in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, the Northwest Territories, and the Yukon. As of December 31, 2008, Parkland operated 630 retail stations in its marketing network with 14 in the Yukon Territory, 3 in the Northwest Territories, 92 in British Columbia, 286 in Alberta, 131 in Saskatchewan, 22 in Manitoba, and 82 in Ontario. The company was founded in 1977 and is headquartered in Red Deer, Canada.Parkland Income Fund (PKIUF:Pink OTC Markets Inc)
Snapshot of Parkland Income Fund (PKIUF)
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OPEN
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PREVIOUS CLOSE
$10.94
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/16/09 - $10.94
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52 WEEK LOW
11/21/08 - $4.59
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MARKET CAP
469.6M
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AVERAGE VOLUME 3 mo
310.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
42.9M
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PKIUF Does Not Pay Dividends
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P/E TTM
NM
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PKIUF Top Compensated Officers
Executives, Board Directors
Key developments for Parkland Income Fund (PKIUF)
Parkland Income Fund announced that a distribution of $0.105 per trust unit will be payable on December 15, 2009 to unit holders of record on November 30, 2009.
Parkland Income Fund said that the company is looking for acquisition opportunities in Canada and the United States. Mike Chorlton, Parkland Income Fund’s President and CEO, when asked in what geographies and business segments were the company looking for acquisitions, said, “We are focused mostly on Canada. Frankly, there are opportunities in Canada and the US, but our focus is on Canada. We are seeing some in our retail business, and we are seeing some in our commercial business. So it's really right across the board.” He further added, “We continued to stay on strategy with carefully targeted strategic acquisitions and growth capital spending. By the way, there are far more good acquisition opportunities today in our field then I have ever seen before, and at accretive prices.”
Parkland Income Fund reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net sales and operating revenues of CAD 543.1 million and income before income taxes of CAD 8.6 million and net earnings of CAD 10.1 million and EBITDA of CAD 21.4 million or CAD 0.20 per diluted share compared to operating revenues of CAD 734.1 million and income before income taxes of CAD 11.5 million and net earnings of CAD 13.1 million and EBITDA of CAD 19.9 million or CAD 0.26 per diluted share for the same period a year ago. For the nine months, the company reported net sales and operating revenues of CAD 543.1 million and income before income taxes of CAD 8.6 million and net earnings of CAD 10.1 million and EBITDA of CAD 21.4 million or CAD 0.20 per diluted share compared to operating revenues of CAD 734.1 million and income before income taxes of CAD 11.5 million and net earnings of CAD 13.1 million and EBITDA of CAD 19.9 million or CAD 0.26 per diluted share for the same period a year ago.
PKIUF Competitors
| Company | Last | Change | |
| No competitor information is available for PKIUF. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | PKIUF | Industry Range |
| Price/Earnings | 10.8x |
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| Price/Sales | 0.3x |
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| Price/Book | 3.0x |
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| Price/Cash Flow | 5.5x |
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| TEV/Sales | 0.2x |
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PKIUF |
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PKIUF transactions
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Target |
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Merger/Acquisition
June 15, 2009 |
Columbia Fuels, Inc., Fuel Distribution Business |
