Canaf Investments Inc V.CAF

DONT YOU DARE SELL AT 0.11!!!

[Quanadien]

You guys are better than that... don't sell lower than 0.135 ... you know you can have it.

I recommend you stay on the boat, but if you leave... do it like a man at 0.135. Else... Buy the 0.135 and see it goes to 0.20 next week. GG WP

[deleuze68]

Earnings should come out today between 12 and 2 based on past history. 

[Quanadien]

I sent an email to investors relations, to ask when is Q4 to be expected. I'll tell when I get an answer.   I'm not necessarly expecting today... but it would be a great surprise.

[deleuze68]

Just came out on sedar

[Quanadien]

The numbers are good!!!   EPS increased :) almost 0.2 We got the million! GGWP... this will continue as people see the potential!!

[deleuze68]

Yeah, numbers are good. They converted a lot of receivables to cash so are now sitting on 5.5 cents/share of cash. Margins have improved greatly. Q3 gross profit was adjusted as there was an invoice error. This brings Q3 margin bac in line as I thought it was a little too high when initially reported. Now that that has been fixed, Q3 and Q4 margins are at 12%, net income of CAD $772K over the

[wiseman_321]

Indeed.  I think I calculate Current Assets (cash, receiveables and saleable stock), less current liabilities as CAN$0.06/share.  There are no long term liabilities - what a tidy Balance Sheet!

[Quanadien]

Well your numbers seems adequate but I think your 0.21 SP is conservative. Are you talking about pure book value or you consider growth in it??

[deleuze68]

Yeah I don't consider growth. If Canaf can use their cash to make accretive acquisitions then it would be worthy of a much higher multiple than 5x. $0.21 is baseline.