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  5. ATA: For Telus International, why would current shareholders sell their 12M shares (in this case decent percentage of outstanding) and could this imply to the market lack of confidence? [ATS Automation Tooling Systems Inc.]
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Investment Q&A

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Q: For Telus International, why would current shareholders sell their 12M shares (in this case decent percentage of outstanding) and could this imply to the market lack of confidence? Also, in this instances, what price would they be sold at? Do you still see ATS Automation as a buy and why is Nuvei taking small hits everyday? Could this be that it went up quite fast after their earnings.. Thanks very much.

Asked by umedali on September 23, 2021
5i Research Answer:

TIXT shareholders have made a lof of money and only sold part of their position. Baring Private Equity is an investment fund and it is normal procedure to take some profits. We would not really view it as a negative sign. The price is in the context of the market and the sell price will be announced shortly. We have some comments posted on NVEI today in the Q&A. We still see ATA as attractive.