Here is a quick update for the month of October 2020 for some names mentioned on the blog.
- OneSoft Solutions ($OSS.v)
- Announced first new customer win in 18 months
- Pretty big deal given the long wait
- Still looking for more customer wins in order to move the share price
- Issuer Direct ($ISDR)
- Reported Q3 and was really well yoy
- Share price has doubled since I purchased and is no longer cheap on trailing numbers
- I still see potential in the business
- Pulse Seismic ($PSD.to)
- EdgePoint picked up 3.1 mil shares during a private transaction. They increased their ownership to 24.60%, up from 18%.
- This is not anywhere near their top 10 in position size, so somewhat of a non-event.
- Sangoma Technologies Corp ($STC.v)
- Reported fiscal Q4
- Good quarter and encouraging outlook
- Beat previous guidance and issued new 2021 guidance
- EV/REV
- EV/EBITDA
- Reported fiscal Q4
- Firan Technology ($FTG.to)
- Reported numbers and held a conference call
- Numbers were better than I would have guessed
- Managing the covid precautions well
- Have 3.1 mil in PPP
- Backlog of 47M of which 26M due in fiscal Q4
- Likely won’t deliver all though
- Numbers were better than I would have guessed
- Polar Asset Management picked up some more shares
- They now own 13% of the outstanding
- Non-event to me as this isn’t a top 10 holding for them.
- Reported numbers and held a conference call
- Pivot Technology Solutions ($PTG.to)
- Shareholders officially approved the arrangement for $2.60
- Velan ($VLN.to)
- Reported numbers and held a conference call
- Quarter was a little weaker than I anticipated
- Some additional costs with forex swings, land clean up with sale of plant, continued restructuring,
- Took over 4 mil in wage subsidy which would have made things worse
- Good news
- V20 plan progressing well and seeing some benefit to the business ahead of schedule
- Backlog is up as book to bill was over 1.2
- Gross margins are steady
- Most important to long term – the company now has it’s first independent chairman who has lots of industry experience. This is the Velan family moving to independent leadership. I’m a big fan.
- Reported numbers and held a conference call