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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

Comment by mercedesmanon Apr 30, 2021 9:25am
120 Views
Post# 33100144

RE:RE:RE:RE:RE:RE:RE:Financials

RE:RE:RE:RE:RE:RE:RE:Financials
Iseevalue wrote:

Money talks. If we keep plugging along at even half these earnings then we will be doing okay. 


Earnings of only $0.01 a quarter represent a gain of $0.04 annually which is over 10% on a stock like this. 

Roger likes to undervalue his portfolio so he can keep buying up shares anyway 



As an investor that is trying to produce capital gains, I'm not really interested in "plugging along" or "doing OK"

"Roger likes to undervalue his portfolio so he can keep buying up shares".  Ok I agree with that, but it doesn't hlep his shareholders produce capital gains (i.e.maximize shareholder value).

Oh and you forgot that, in undervaluing the SP he can keep paying himself options annually (at lower exercise prices than what might otherwise be warranted in relation to the FMV).  People forget that whereas buy-backs increase the NAV per share, options do the opposite through dilution.  In fact, the whole buyback & option game, is in fact a transferance of ownership from retailers (who do not get options) to insiders (who do).   Retailers only win when the SP appreciates toward (and beyond) its underlying FMV.

I personally would not vote in favour of more options if the portfolio performance does not at least exceed the overall Cannabis market performance.

MM

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