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Torrent Capital Ltd V.TORR

Alternate Symbol(s):  TRRPF

Torrent Capital Ltd. is a Canada-based investment company that manages a portfolio of Canadian small cap equities. The Company invests primarily in the securities of public and private companies. The Company's investment objective and strategy (investment policy) is to grow the Company’s capital by generating gains from capital appreciation, interest earned, dividend income and fees. It invests in companies that are perceived to be trading at a discount to their intrinsic value or in early-stage businesses offering a potential high return on investment. It allocates its capital towards a multitude of sectors and businesses at various stages of development. The Company typically maintains a concentrated portfolio of public securities and may invest in private placements, event-driven opportunities, special situations, and private companies with a clear liquidity window. The Company may also provide advisory services to select companies in conjunction with its investment mandate.


TSXV:TORR - Post by User

Post by lumpy13on Jul 06, 2020 8:09pm
241 Views
Post# 31231533

Estimated market value of TORR's shareholdings

Estimated market value of TORR's shareholdingsI did a rough estimate based on 3/31 public holdings and assuming they shareholdings haven't changed.

TORR had a market value of $11.8m with 24 million shares, or 49 cents/share.
SONA adds $9m.   I estimated a double of the gold share prices, which adds another $1.2m  Their biggest shareholding kneat.com didn't change in value.  I estimate, again based on share price increases of its other public holdings, which we know, that the value has increased another $0.8m.  They have other shares which aren't publicly traded and other marketable securites which aren't detailed.

As such, assuming shareholdings haven't changed, I come up with market value of $23m, or 96 cents a share.

I can understand an insider sold 322k shares Friday, but I can't figure out why 800k shares would trade today and the shares price only went up to 69 cents.  

Would love to understand what's really going on.  Are shareholders that ignorant of TORR's holdings and taking advantage of the share price increase from 53 cents June 30 without realizing that market value is far greater?  You'd think current, informed shareholders would take advantage of this arbitrage opportunity.  Or do we need to wait until 2Q20 numbers are released before investors wake up?

Does anyone have more up to date details on TORR's shareholdings?
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