Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp

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Post by Thunderhead1on Jul 20, 2007 10:52am

1026 Views

Post# 13123201

Valuing WED/NCST

Let's see, calculating: WED owns 13.7M of 18.3M NCST shares or 74.86% of NCST. S/p of NCST now ~US$4.50 /.96$US/$C = C$4.69. Market Cap of WED's share of NCST = $4.69 x 13.7M shares = C$64.3M; There are 94M WED shares o/s; Therefore, value to WED of its NCST holding = $64.3M/94M = C$0.68 per WED share. Right now (10.45am ET) WED is trading at C$0.74, so at a slight premium to its NCST holding value, by my calcs at least. Yep, nice to have some positive WED news for a change.

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