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Title: Canadian Small-Cap Conference- Vancouver May 20th 2010 Post by: Tara on May 11, 2010, 12:48:28 PM May 20, 2010
6:00pm to 9:00pm Vancouver Convention Centre (West Building - Rooms 118-120) 1055 Canada Place **free admission** Schedule: www.smallcapconference.ca/vancouver0510.php (http://www.smallcapconference.ca/vancouver0510.php) Presenters selected meet some of the most stringent investment criteria, showing clear "undervalued state" by most commonly used accounting metrics, and business logic. Here's a summary of three companies which will benefit from the exposure: NTG Clarity (NCI.v), trading @ .07$ Profitable in 16 of the past 20 quarters Trading at working capital per share ( .08$) Trading below accounts receivables per share (.15$) 2009 Q4 EPS = +.014$/share (+349k); if we discount foreign exchange loss of 131k, the net profits would have been 480k or +.019$/share Forward looking 2010 EPS based on Q4 results is +.06$/share, and possibly up to +.08$/share if they curtail foreign exchange losses with hedging, keeping in mind this excludes growth Gross margin stood at 49% in 2009 (financial crisis) Free cash flow positive Market cap is about 2M$, and the company has 2M$ of working capital (+.08$/share), thus no value is being attributed to the business, net earnings potential and cash generation The companys marketing program is coming to fruition, as more than 1M$ of contract was announced in April 2010, with several other bids in the pipeline Plenty of backlog going into 2010 Long term debt is negligible, only 368k Book value is +.07$/share, with no goodwill and intangibles No lawsuits that Im aware of A share buyback is in place Expenses are well under control with reasonable salaries The company has hired QIS Capital for IR, and will be presenting at the Small- Cap Conference may 20th in Vancouver ( http://www.smallcapconference.ca/register (http://www.smallcapconference.ca/register) ) The company has a team of high calibre experts with contacts, and over 100 employees/consultants with almost 20 years of existence; Rogers Communications has been their customer for over 10 years The company recently announced an important joint venture in the middle East, along with opening an office in the region; Middle east investment(direct stock purchase, not a dilutive financing) being touted by the principals Recent comments from QIS Capital included the following forward looking statement: ( http://www.qiscapital.com/showpage.php?article_id=456 (http://www.qiscapital.com/showpage.php?article_id=456) ) Given the recent contract announcements and continued expansion plans, we anticipate further revenue growth to be in the 35% to 50% range for 2010 with a more defined increased in net earnings. and also Bluerush Media (BTV.v), currently trading @ .09$ - Positive net earnings in Q1/Q2 totalling +.01$/share - Positive working capital of about +1.1M$ (+0.034$/share) - Positive free cash flow - No long term debt - High gross margin around 50% - Forward looking EPS multiple stand at about 6x, but the company is forecasting growing sales and EPS (trading at 4x when working capital is removed) - Book value +.035$/share ( No goodwill and intangibles ) - Healthcare recurring revenue stream in the making; Just introduced a new product Digital Rush for mobile devices - Have not seen any lawsuits pending - High insider ownership with very small real free float - Recent insider buying in the .10$ range ( http://www.canadianinsider.com/coReport/allTransactions.php?ticker=btv (http://www.canadianinsider.com/coReport/allTransactions.php?ticker=btv) - Market cap hovering around 3M$, less than 1x forecasted sales - Large clients: Eli Llilly, Bell, ReMax, Manulife, ScotiaBank, Fidelity, CIBC, Canada Post for example - Investor relation and media campaign underway (QIS Capital, Bob Weir from eResearch and Razor Voice for public media); Bluerush will be presenting at Vancouver Small-Cap Conference May 20th 2010 and finally Alphinat (NPA.v), trading @ .115$ Profitable in Q1 and Q2 for a total of +.01$/share Q2 showed incredible net margins of 33% but one has to acknowledge 92k of foreign exchange loss, which would have brought the net margins to 48%, a true spectacle in itself The company remains long term debt free Working capital needs further analysis, as 455k are deferred revenues and 325k owed to directors/friends, thus there is no more deficit Extremely high gross margin with a low cost structure Plenty of backlog with the French and Quebec government, and waiting impact from the Bell Canada joint venture; Swiss Government expansion are still in the wings The company has no lawsuits Expenses are well under control with reasonable salaries Appointed QIS Capital for investor relations A large block of shares was purchased recently at .155$ Important statements to highlight from the Q2 MD&A are the following: From page 2 : In Europe, commercial activities are under way with large systems integrators with whom Alphinat has delivered various projects From page 2: Finally, Alphinat has undertaken steps to position itself on the American market. The Company has initiated a recruiting process for commercial and sales talent and has entered into partnership discussions with firms that have a strong US presence. Of course, the above is simply my personal understanding and not to be construed as investment advice. Im not a broker, promoter, director, manager or employee of the aforementioned companies, just a shareholder. Some typos could have occurred, do your own due diligence. |