Weekly Summary - QIS Blog - August 17, 2018 - August 17th 2018
Weekly Summary - QIS Blog - August 17, 2018
We are starting to see a number of financial and operating results reported by small-cap Canadian companies. These results will continue throughout August with many of the companies we follow poised to report numbers in the next few weeks. Results so far have been mixed. We have seen some great numbers but feel that the majority of these companies are already trading at greatly expanded earnings multiples. We have seen many companies continuing to struggle financially along with languishing share prices as we have been patient with many stories for the last several years. A few companies appear to have found support levels and while financial results are showing little or no growth, valuations are such that these companies may offer good opportunities heading into 2019. We look forward to reporting on some of these opportunities in the coming months.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The most recent email update issued by QIS Capital was sent out to subscribers on August 16, 2018. QIS Update #13 included the most recent pieces of news from Deer Horn Capital (DHC:CSE) and Newlox Gold Ventures (LUX:CSE), while a quick corporate update on NTG Clarity Networks (NCI:TSX-V) is also provided.
The Feature Company Profiles for Newlox Gold Ventures (LUX:CSE) and NTG Clarity Networks (NCI:TSX-V) are the most recently updated profiles available on the QIS Capital website.
Newlox Gold Ventures: http://www.smallcaps.ca/feature-companies/newlox-gold-ventures-corp-lux-cse
NTG Clarity Networks: http://www.smallcaps.ca/feature-companies/ntg-clarity-networks-inc-nci-tsx-v
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
It was a another down week for the TSX Venture Index, while the TSX Composite held flat and the Dow Jones soared. Once again, the S&P TSX Venture Composite Index weakened to new 52-week lows, closing on Friday at 678.01 points. On the week, the TSX Venture index shed 15.74 points overall and touch a new low for the year on Weds of 665.35. Moving on to the big board, the S&P TSX Composite Index remained remarkably flat on the week, despite a drop on Wednesday that took us back to levels not seen since early June 2018. The TSX Composite lost just 2.80 points during the week and closed on Friday at 16,323.71 points. South of the border, the Dow Jones Industrial Average moved up more than 500 combined points on Thursday and Friday, bringing the overall weekly gain to 356.18 points. The Dow Jones reached levels this week not seen since late February 2018 and the index closed on Friday at 25,669.32 points.
Canada's inflation rate rises to 3%, highest level since 2011
The latest investing trend: not just low-fee but no-fee
Poll of CRA auditors suggests tax system unfairly favours the rich
U.S. administration says conserving oil no longer an economic imperative
The Week Ahead: Canadian bank earnings; low-level China, U.S. trade talks beginhttps://www.bnnbloomberg.ca/the-week-ahead-canadian-bank-earnings-low-level-china-u-s-trade-talks-begin-1.1125301