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Quinsam Capital Corp C.QCA

Alternate Symbol(s):  QCAAF

Quinsam Capital Corporation is a merchant bank with a focus on small-cap investments. The Company is focused on the small-cap market with early-stage investments in the technology, healthcare, mining exploration, e-sports, and cannabis markets. The Company’s business may encompass a wide range of activities including acquisitions, advisory services, lending activities and portfolio investments. It invests its capital for its own account in assets, companies, or projects. The Company does not invest on behalf of any third-party and does not offer investment advice.


CSE:QCA - Post by User

Bullboard Posts
Comment by RockLobster1on Aug 18, 2018 9:55pm
126 Views
Post# 28483021

RE:Expected Valuation?

RE:Expected Valuation?
Chrysanthalas wrote: Since QCA is a merchant bank its share price is based off its Nav.  Net assests - debt divided by outstanding shares.  Its nav was about .26 after last financials.  So how much more in assets do you believe qca will have aquired. Any reasonable expectations. As there is no analyst as of yet, future pricing is actually pretty easy if you have all their investments logged. But they have kept a lot of their investments on a need to know basis.




the 1st QTR ended with NAV of .31 and we are trading at 0.82 book then.  We added 5 cents that Q, so our book could be over 36 cents by June 30 ..   hard to say but not all cash was deployed back then.  

Pls find my anything in the MJ business trading under book value and has nice earnings... and one that is diversified... I'd like to buy it too.

here is from May 30 NR....

“Calculating our percentage return for the quarter remains difficult because we closed an equity financing during the period” said Roger Dent, CEO of Quinsam. “Our operating income of $4.9 million in the quarter was generated on total assets at the start of the quarter of $19.4 million. We raised a further $12.3 million in the quarter, although most of these funds remained in cash at the end of the quarter. So we feel that our return on invested assets was quite strong in the quarter. At quarter end, we had net assets of approximately $0.31 per share outstanding.”

Net income of $4.9 million was after non-cash expenses of $0.1 million for tax and $0.3 million for stock-based compensation. 

 
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