Quinsam Capital Corp C.QCA

Q2

[mercedesman]

Despite the write-down  NAV/sh is at .24.

Meaning that currently, the SP trades at about a 60% discount to a key measure of underlying value.

As of Aug 25, Cannabis stocks (about 42% portfolio) are up  10-12% since June 30th (may not be reflected until next Qtr end Sept 30).  Russell small cap index up about 15%

MD&A tidbits:

Quinsam continues to consider new cannabis sector investments. However, management is primarily interested in investments in other small cap market sectors.

Non Cannibis sector invesments 42% of total portfolio

Loans & Convertible Debentures 43% of total portfolio

During Q2 2022, the Company did not participate in any investing activities

Net cash flows provided by operating activities for the six months ended June 30, 2022 was $1,682,953, as compared to net cash flows used in operations of $403,212 in 2021.


. The Company anticipates that future dividends will be sustainable and it will revaluate the payment of dividends to shareholders, as required.

The provision for the 2021 management bonus had since been reversed. As at June 30, 2022, no management bonus was included in accounts payable and accrued liabilities


MM

[theinvestor22]

Thanks for the summary.  Including Monday's dividend, total dividends paid by QCA to date = $0.0383

[mercedesman]

Actually that's .00383  but annualized and based on todays SP it's still about a 5.3% dividend  Nothing wrong with that.  Find another micro cap that (1) pays  a >5% dividend  (2) does a full buy-back of shares each year, and  (3) trades at 40% of its breakup value.  MM   

[RockLobster1]

just bought some at 9 cents... 5.6% div. This is priced for a serious mkt crash... which we could get, but upside looks way more than down if they hold some oil and depressed gold stocks...

[Malpeque2]

Do we know what they do have in the portfolio?   Pot stock loans?

[noremac50]

My wife and I have added at .09 and .095 as well over the last little bit.