{"Id":761493,"Name":"Small cap picks","Desc":"It's been a tough year for small-cap investors. Brian Pow, Vice President of Research and Equity Analyst, Acumen Capital, says there's been a \"general discontent\" for small cap stocks but he's finding new opportunities. We discuss new names added to his coverage list: PFB Corporation and Global Water Resources Corp. Pow also tells us that Alaris Royalty should provide investors with some optimism in 2016.","ShortDesc":"It's been a tough year for small-cap investors. Brian Pow, Vice President of Research and Equity Analyst, Acumen Capital, says there's...","Type":"segment","Episode":null,"AgvotCode":"E","AgvotDisclaimer":null,"QfrCode":"G","AiringOrder":null,"BroadcastDate":"2015-12-02","BroadcastTime":"10:45:37","BroadcastDateTime":"2015-12-02T10:45:37-05:00","LastModifiedDateTime":"2015-12-02T16:39:24Z","GameId":null,"Album":null,"Genres":[{"Id":40,"Name":"Investing"}],"Keywords":[{"Id":65981,"Name":"brian pow","Count":6},{"Id":66056,"Name":"small cap stocks","Count":9},{"Id":65373,"Name":"Alaris Royalty","Count":25},{"Id":104560,"Name":"PFB Corporation","Count":1},{"Id":104561,"Name":"Global Water Resources","Count":1},{"Id":104562,"Name":"small cap s","Count":1},{"Id":99996,"Name":"GWR.TO","Count":2},{"Id":88736,"Name":"AD.TO","Count":23},{"Id":104563,"Name":"PFB.TO","Count":1}],"Tags":[],"Images":[{"Type":"thumbnail","Url":"http://images.9c9media.com/image_asset/2015_12_2_1c2461c0-7b41-0133-ce3d-10604ba4c9b1_jpg_940x529.jpg","Width":940,"Height":529}],"Authentication":{"Required":false,"Resources":null},"RatingWarnings":[],"People":[],"Funding":null,"MusicLabels":[],"BroadcastNetworks":[]}
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Kennady Diamonds Inc. (KDI-X) says its board has formed a special committee of independent directors "in response to discussions with certain interested parties regarding a potential strategic transaction."
The company said it will consider and "evaluate various strategic alternatives to maximize shareholder value, including continuing to execute on its existing business plan."
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Canadian Energy Services & Technology Corp. (CES-T) said after markets closed on Friday that "due to current market conditions" it has terminated its previously announced tender offer and concurrent proposed note offering.
The tender offer was for senior unsecured notes due April 17, 2020 and the proposed private placement of new senior unsecured notes to fund the purchase.
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Hardwoods Distribution Inc. (HWD-T) reported fourth-quarter sales of $239.4-million, up from $141-million a year earlier.
Fourth-quarter profit increased 47 per cent to $6.6-million.
Profit per share was 29 cents versus 27 cents a year ago.
Analysts were expecting sales of $239.1-million and earnings of 29 cents.
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The Washington Companies said on Sunday it had previously made a proposal to acquire all of the outstanding common stock of mining company Dominion Diamond Corp. (DDC-T) for $13.50 a share.
The all-cash $1.1 billion offer was sent to the Dominion board of directors on Feb. 21, according to the statement, but subsequent discussions broke down.
"We are disappointed that Dominion's board has thus far prevented Washington from moving ahead with its proposal under which shareholders would receive a substantial premium and immediate liquidity," said Lawrence Simkins, president of Missoula, Montana-based Washington, a group of privately held North American mining, industrial and transportation businesses founded by Dennis Washington.
"We remain fully committed to completing this transaction," Simkins added in the statement.
Yellowknife, Canada-based Dominion said in a statement late on Sunday that its board had considered Washington's unsolicited offer but that the terms of the proposed talks were unusual and unacceptable.
-Reuters
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Cargojet Inc. (CJT-T) increased its quarterly dividend by 10 per cent to 19.25 cents up from 17.5 cents.
"This increase is a result of our recent and sustainable financial results while maintaining sufficient financial resources and meeting shareholder expectations," said CEO Ajay Virmani.
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Aralez Pharmaceuticals Inc. (ARLZ-Q; ARZ-T) says CEO Adrian Adams bought an additional 500,000 shares of the company's common stock on March 15.
The shares were purchased at an average price of $2.46 per share, for a total of $1.2 million. Mr. Adams now owns about 3.6 million shares.
"The purchase of these shares is a reflection of my confidence in the long-term value of Aralez and also represents my continued belief in the company's evolving business model, products and growth prospects," said Mr. Adams in a release.
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Pengrowth Energy Corp. (PGF-T) has an agreement to sell a portion of its Swan Hills assets in north central Alberta fo $180 million.
The company said the sale is part of its strategy to "de-lever its balance sheet while allowing it to streamline and high-grade its remaining portfolio, and to concentrate on its core assets."
Pengrowth also updated its 2017 corporate guidance to reflect the changes. It said 2017 average production guidance is expected to be impacted by approximately 3,100 barrels of oil equivalent per day, (boe/pd), resulting in revised 2017 production of between 47,000 and 49,000 boe/pd.
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Holloway Lodging Corp. (HLC-T) has sold the Travelodge hotel in Belleville, Ont. for $7-million.
Holloway said it will use the sale proceeds to repay the mortgage on the property and will hold the rest in cash.
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