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Buzz on the Bullboards: Defying the Markets


Omri Wallach Omri Wallach, Stockhouse
0 Comments| August 16, 2019


How do you talk about a week-in-review without mentioning the dreaded word-of-the-day, recession? In case you haven’t heard, there has been a lot of news that markets may be steering towards one. It turns out that a combination of trade wars and economic uncertainties don't instill a lot of investor confidence.

And yet, while the markets in general tossed and turned with every update, a few companies weren’t to be swayed from their steadfast paths of profit (or loss), and they topped our most-viewed Bullboards on Stockhouse. Users have been trying to break down which companies have been affected by the markets, which companies are safe and reliable, and which are, unfortunately, simply a lost cause.

This week, we focus on companies that haven’t had their fair share of the spotlight, from new chart toppers to new entrants altogether.



Starting on the healthcare Bullboards, we need to give due recognition to Theralase Technologies Inc. (V.TLTTLTFFForum), which has held the top spot for a few weeks in a row. Unfortunately, it might not be the most-viewed stock for the best of reasons. After starting July at a price of $0.455, shares steadily decreased to a low of $0.25 on Aug. 7 before slightly recovering.


(Click image to enlarge)

Trading and news volume were pretty steady during July, so it was hard to pin down the reason behind the decline. However on Aug. 1, the Company announced the price of a public offering round at $0.30 per share, around where the stock has settled.

While the Theralase Bullboard tried to figure out how the offering was going, or why there was a public offering in the first place, many rallied around the long-term vision of Stockhouse Member cobblehill.

“…So many things could propel this beyond historical resistance. The stock price doesn't come near to reflecting the product's value. Not even close. My estimate of $1.85 was the most modest I could see. Have you seen it on the news? What happens to SP when you do? Are we on the US market? What happens when that gets mentioned by management.

The marketing of this company starts on the closing of what should be the final offering. The price of this stock will trade at new, higher resistance levels. I stand by my prediction. Good luck.”
(Po​st: RE:RE:in my humble opinion)



There’s few things that the Bullboards love less than price surges and purchase rumors, and the most-viewed company on the energy Bullboards, Inter Pipeline Ltd. (T.IPLIPPLFForum) had both. Not a regular to the Top 6, shares of IPL closed at $21.74 on Aug. 7 before jumping up to $24.67 on Aug. 13, a hefty 13% increase.


(Click image to enlarge)

Around the time of the leap, Inter Pipeline released two juicy news releases. Firstly, on Aug. 8, it reported strong Q2 earnings. Secondly, just a day later, it confirmed that it received an unsolicited purchase bid. That confirmation also said, in very roundabout ways, that there's no sale, nothing to see here, and to move along... 

Is IPL going to be sold? How high was the offer? Many users on the Bullboard were openly speculating, and concerned that a potential sale would cost them a solid revenue stream. But amidst all the commotion, Stockhouse Member TheBridge chimed in with calm reassurance to keep enjoying the ride.

“Enjoy the ride! It might take 2 -3 years. This Fair is not leaving town, it's here to stay for a couple of years with the share price moving up and the dividends being paid out each month. We don't want to be bought out unless it is in the $45-$50 range, we want the boost that  Heartland is going to provide (as did those who offered to buy us out) as well as the additional revenue that will be generated once the convention crude pipelines are built and up and running. The bulk storage will eventually be sold and some of those funds will cover the pipeline expansions and the rest will likely be used to pay down debt.. Don't fret because of all the banter and speculation the board, instead sit back and enjoy your prosperous and thrilling ride while a group scurries around with all kinds of scenarios.” 
(Po​st: The Ride)



Over on the metals and mining Bullboards, perennial contender Wallbridge Mining Company Limited (T.WMWLBMFForum) took the most-viewed spot for the week. It wasn’t all good news though, as WM retreated from a high of $0.465 on Aug. 6 to $0.415 on Aug. 13.


(Click image to enlarge)

A glance at the past few months, however, shows that Wallbridge Mining has had a very strong summer so far. Right before the slight dip, the Company announced the successful closing of its latest private placement round.

Since then, it’s hard to pinpoint why it retreated slightly. Maybe it overshot its current valuation, and it was likely affected by a bad week in general for global markets. After some heavy debating on the Bullboards on what, or who, was behind the lower price, Stockhouse Member WONDER1STOCK changed tracks and focused on drill results to come.

“Great opportunity to buy in at this low price as come Monday/ Tuesday there could be more drill results /bulk sample news and so on and the .40s will be in the rear view mirror and so will be you Bashas.” 
(Po​st: Basha 1,2,3 ........)



Our final highlight today may not have finished at the top of the technology Bullboards, but a new entry to the Top 6 is always worth celebrating. SaaS provider Lightspeed POS Inc. (T.LSPDLGHEFForum) climbed on strong quarterly results from $39.62 on Aug. 6 to a new year high of $49.70 on Aug. 9. A couple of days later, it was right back where it started.


(Click image to enlarge)

On Aug. 12, after Lightspeed POS hit its initial high, the Company announced an offering of subordinate voting shares. A few days later, an agreement was revealed at a price of $35.00 per share, a far throw from the year high. Yet still, LSPD seems to be far from struggling.

Most of the discussion on LSPD’s Bullboard tended towards another tech company, Shopify Inc. (T.SHOP, SHOP). Users found a lot of similarities in the growth and subsequent offerings of both companies, and Stockhouse Member Bullchart1 pointed out that investors are likely on the good side of the bargain.

“EXACTLY... Companies that are growing do this when the lockup is due to expire on shares. SHOP did the same thing.

Some of these same early investors will move into these shares, likely class A shares. We are getting a deal not a fleecing.”
(Po​st: RE:Relax Guys)
 

The Stockhouse Bullboards are an excellent place to understand how the community may feel about a company, but at the end of the day, investors also need to hear directly from the companies themselves. That’s why our latest poll asks which companies you want to hear from at our next online conference! Head to the homepage or click the image below to cast your vote and let us know.


(Click image to go to the poll)

To make sure you stay up-to-date on what’s going on at Stockhouse, a new Buzz on the Bullboards review will come to you every Friday. Leave a comment telling us what sectors you want to see highlighted next, or what companies you’re interested in hearing about. For previous editions of Buzz on the Bullboards: click here.



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