Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

TSXV:WED - Post by User

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Comment by Tim2Agamion Mar 26, 2021 10:42am

217 Views

Post# 32885789

RE:RE:RE:52

Paddy902 wrote: I'm good with slow and steady!! So long as its the right direction.

Obviously the direction is anything but skyward

Book value per fully diluted share was $2.24 (C$2.85) at December 31, 2020, compared to $2.48 (C$3.22) at December 31, 2019.

Westaim recorded a net loss of $14.5 million ($0.10 loss per diluted share) and a net loss of $34.5 million ($0.24 loss per diluted share) for the quarter and year ended December 31, 2020, respectively, compared to a net loss of $13.0 million ($0.09 loss per diluted share) and a net profit of $8.6 million ($0.06 earnings per diluted share) in the quarter and year ended December 31, 2019, respectively

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