Glacier Media Inc T.GVC

Q2 2021 Comparative Quarterly Summary

[nozzpack]

Given the severity of the lockdown in Q2, GVC had once again superb results.

The table below summarizes its achievements.

Accompanying Notes

...Local digital media was up 26 %

..digital audience grew 19 %

...Glacier Farm increased 21 %

...Mining group uo 29 %

....Energy and Mining Group off 31 % due to sale of energy business in Q1 of 2021..otherwise a strong performance

Operating proficiencis continue to improve across all divisions.
Although early in Q3, evidence is that recovery of business lost to the lockdowns is coming on very strong

TTM = Trailing Twelve  Month 

	Q2 /20	Q! /21	Q2 /21
Env + REW	$5.1 m	$9.2m	$10.6m
Commodity	$9.6 m	$12.3m	$10.1 m
Community Media	$23.3 m	$25.5 m	$27.9m
Total Revenue	$38.0 m	$47 m	$48.6 m
Gross Profit	13.9%	30%	33.9%
Restructuring	$1.6 m	$0m	$1.0 m
LT Debt	$26.7 m	$0 m	$0m
Investments	$51.1 m	$53.7 m	$54.9 m
Cash	$11.1m	$15.8 m	$14.5 m
Lease	$13.0 m	$12.9 m	$12.0 m
G & A	$9.4 m	$9.7 m	$9.6m
Book Value	$152.4 m	$182.8 m	$181.9 m
TTM Ebitda			$23.4 m

[bigreturn11]

...buying shares anywhere around $0.48 is like shooting fish in a barrel. Absolute no brainer and no downside here. You get an incredible turnaround story from paper to digital at a fraction of liquidation value.