Torrent Capital Ltd V.TORR

Alternate Symbol(s): TRRPF

Financial Services Asset Management

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

Torrent Capital Ltd > A phone call to Torrent confirmed holding 1.3m Sona shares ;

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Comment by lumpy13on Jul 22, 2020 3:25pm

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Post# 31303729

RE:RE:A phone call to Torrent confirmed holding 1.3m Sona shares ;

Franken: If true that TORR still has 1.3m shares of SONA, their NAV must be well over $1/sh.

At1q20 they had an NAV of $11.8m and 50 cents NAV/share. Their increase in value from SONA alone is $13m (as of today). And this is without other portfolio investment appreciation, which I estimate should add another 20-50 cents in NAV appreciation.

If all true, a very good arbitrage opportunity.

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