Weekly Summary - QIS Blog - June 1, 2018 - June 1st 2018
Weekly Summary - QIS Blog - June 1, 2018
The first quarter reporting period has now come to an end and results from the companies we follow have been mixed as expected. NTG Clarity's numbers continued to show improvement, yet lack the "WOW" factor that companies like XPEL Technologies (DAP.U:TSX-V) generated with their outstanding financial performance. Good numbers were also recently announced by Questor Technology (QST:TSX-V) but the valuation on a P/E basis is so high that it's hard to get excited. Several companies reported very poor financial performance which was covered in our latest QIS Update.
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 emailed update issued by QIS Capital was sent out to subscribers on May 29, 2018. QIS Update #9 included the latest news from Deer Horn Capital (DHC:CSE), which has now doubled in share price since our original introduction to the company, and Q1 financial results from NTG Clarity Networks (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.
This past week, which was shortened for US markets due to Memorial Day, resulted in losses for each of the three major indexes covered in this section of the weekly recap. The S&P TSX Venture Composite Index shed a total of 9.47 points on the week, closing at 765.94 on Friday. Canada’s S&P TSX Composite, which had posted a gain for 6 straight weeks prior to last week's loss, was nearly flat. The TSX Composite was off by a combined 32.13 points before closing on Friday at 16,043.54 points. In the United States, the Dow Jones Industrial Average posted a total 4-day loss of 117.88 points over the course of the trading week, hampered by a near 400 point loss on Tuesday. The Dow Jones closed on Friday at 24,635.21 points.
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