A new year - Another new beginningHappy New Year to All.
A little confession on my part re: being a KNR shareholder. Some time ago( yes- more than 12 months ago) I started buying into KNR.
Reason for the buy in was BioCloud plus their other biz verticals. Plus I am pleased with the biz executions by Managements and Teams all involved.
Yes, the # of o/s shares has grown in the past 18 months but real results of their successful biz executions are showing up in their recent Qtrlys & NRs.
All good in my books.
The firm made a recent major successful move in its acquisitions as indicated in this NR:
Kontrol Technologies completes acquisition of Global HVAC & Automation Inc.
Using this NR as an eg. as my goal post of interest and reading all the NRs plus interviews since, I am very pleased as to the direction of the firm. Yes, that olde saying ' Patience ' will be rewarded in the months ahead in a strong sp rise, IMO.
In the mean time, for tax purposes - 2022, you may wish to contribute today to your TFSA. You're allowed $ 6,000 cash or eg. transfer 2912 shares of KNR( @ $ 2.06 - most current closing sp).
Note: if the shares being transfered have a capital gain you will be paying the tax man. If there is a capital loss, the olde saying comes into play ' Too bad, so sad ' as you can't use it as a capital loss.
Ouch.
Reason I decided to use the recent closing sp, IMO, with what I saw in the sp historical charts, I felt strongly it is at its low and will now be shoring up in sp strength. At this $2.06 sp, it gave me more shares to contribute to my TFSA
All good and time will tell.
2022 is a new year for us all, and I hope this year too will be very promising for being patient and Long as the successful business executions continue forward.
Many thanks to the Management and Teams involved as KNR will morph into Blue Chip, IMO.
Never let up on your DD as it does give some peace of mind when investments are made with your hard earned moneys.
Best of wishes to All,
Sincerely,
Topseeker