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Spackman Equities Group Inc V.SQG

Spackman Equities Group Inc. is a Canada-based investment holding company. The Company invests in and develops small/medium-sized growth companies that possess industry-specific know-how or proprietary technologies, primarily in Asia. The Company also makes investments in selected publicly traded companies. The objectives of the Company are to invest in or acquire businesses with compelling growth potential at attractive valuations; build a diversified and balanced portfolio of investments, and deliver the collective value derived from the performance of its portfolio of investments to its shareholders. The Company focuses on investing in or acquiring growth companies in Asia, principally in the Republic of Korea (Korea) at attractive valuations, building a diversified portfolio of such growth companies and delivering the collective value derived from the performance of these businesses to the shareholders. Its wholly owned subsidiary is SEGI Investments Limited.


TSXV:SQG - Post by User

Bullboard Posts
Post by RockLobster1on May 03, 2017 12:16am
108 Views
Post# 26196360

Canaccord comments

Canaccord commentsSpackman Equities Group* (SQG : TSX-V : $0.06), Net Change: 0.02, % Change: 37.50%, Volume: 3,714,400 SEE BELOW FOR MASSIVE HOLDING COMPANY DISCOUNTS. Micro-cap investment company, Spackman Equities Group, reported year-end financial results for 2016 that impressed some investors. The company, which has a market cap just over $6M, said that it earned investment income of $5.6M in 2016, compared to a loss of $9.2M the year before. Net income and comprehensive income for the year was $4,472,000 or $0.04 per share compared with a net loss and comprehensive loss of $9,198,000 or $0.06 per share for fiscal 2015. The investment income and net income for 2016 reflected the increase in value of the company's holdings in Spackman Entertainment Group (SEGL), which is listed on the Catalist of the Singapore Exchange. As of December 31, 2016, SEGL had $27.6M, or $0.19 per share in cash, marketable securities and investment in shares of a public company. Spackman owns 32.85% of SEGL, and based on the most recent closing price of SEGL's shares of SGD $0.146, the market value of Spackman’s stake in SEGL is SGD $22.2M (C$19.4M), or $0.128 per SEGL share (talk about a sizeable holding company discount). SEGL’s main line of business is film and entertainment Korea.
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