September 2021 Update – $OSS.v, $ISV.to, $STC.v, $FTG.to, $VMD.to, $URB/A.to, $MCR.v

TIKR

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Thoughts on Market Activity

Nothing worth noting.

What I’m Reading

  • I have been spending most of my free time this month focused on the build out of my garage gym. Shoot me a message if you ever want to chat lifting.

Posts this month

Developments on Companies Mentioned

  • OneSoft Solutions – $OSS.v
    • Notice of the CEO selling some shares
      • He still has about 8.8% of the outstanding
      • This is something to monitor if it continues
  • Information Services Corp – $ISV.to
    • Upped dividend from $0.80 to $0.92
    • Now yielding over 3%
  • Sangoma Technologies Corp – $STC.v
    • Held Special AGM and passed motion to consolidate shares in plans to uplist to US exchange
    • Released Fiscal 2021 results and held conference call
      • Results were slightly ahead of previous guidance
      • Issued new guidance for fiscal 2022
        • Higher than expected EBITDA margin
        • Slightly higher than I expected for organic growth
      • Continuing to pursue uplisting
      • I would have thought the stock would have responded better to this news
      • I’m going to listen to the call again to see if there is anything I missed
  • Firan Technology – $FTG.to
  • Viemed – $VMD.to
    • has been hitting new 52 wk lows consistently
  • Urbana Corp – $URB/A.to
    • Renewal of NCIB announced
      • Any purchases at this large of a discount to NAV should be highly accretive
    • NAV continues to march higher
  • Macro Enterprises – $MCR.v
    • Announced Subcontract for Trans Mountain Expansion Project
      • Revenue to reach 350 mil in 2021 with some additional investment in PPE
      • I thought the stock would have popped even more given how much visibility they have into next years revenue

Have a good one.

Dean

Long $OSS.v, $STC.v, $VMD.to, $URB/A.to, $MCR.to

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