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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on the technology sector. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).


TSX:PNP - Post by User

Bullboard Posts
Comment by staolinon Oct 21, 2010 2:01pm
321 Views
Post# 17594159

RE: RE: cline and rockgate moving

RE: RE: cline and rockgate movingI just put in all the companies that appear in their financial statement ending June 30 into a spreadsheet. I mistakenly eyeballed the approx Jul 30 price instead of the Jun 30 price (oops, ain't going back through today!).
I guess some SP values used are high and some a little low. Hopefully none skew things too badly, or that whatever variations there are cancel out one another. I divided the current SP by the one I eyed to get the % increase. Then I took the Fair Value off the financial report, multiplied it by the % increase and got the approx current value. For the other investments % I just assumed they grew the same % as the weighted value for the sector, based on the companies in the FR. Of course I did not factor in recent recent sales or purchases (like 49 North or Slam).
Anyways, the NAV came out as 3.42 for today's values. A few of the companies have jumped big time since Sept 30 meaning the upcoming FR will have a lower number.. A generous guess is that my #s are +/-10%.
It took me about 2 hrs to plug it all in, if anyone wants to check it out. Realize I hardly know what I'm doing and that I imagine the spreadsheet is rather rough by most standards.
Bullboard Posts