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Weekly Summary - QIS Blog - June 7, 2019 - June 7th 2019



Weekly Summary - QIS Blog - June 7, 2019

 

 

Upcoming Events

 

As we head into the summer months, we'll continue to study many small caps in the struggle to find fundamentally undervalued companies.  Many micro-caps seem to be focused on revenue growth and fast expansion while profitability takes a back seat.  And for those companies which have been producing profitable growth, the P/E multiples at which they trade would have been thought absurd 15 years ago. We seem to have entered a new era in investing and it will take some time before we feel comfortable becoming more active in the fundamental small-cap markets again. That isn't to say there aren't opportunities, but they are just fewer and harder to find.

 

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.

 

 

Recent Events

 

The latest three QIS Capital Updates were issued to all subscribers on May 23, May 14, and May 7, 2019, respectively.  These updates included financial results and news from NTG Clarity Networks (NCI:TSX-V), and the latest news from Deer Horn Capital (DHC:CSE).

 

QIS Update #9: http://www.smallcaps.ca/updates/qis-update-9-2019-ntg-clarity-networks-releases-q1-financial-results-and-receives-purchase-orders  

 

QIS Update #8: http://www.smallcaps.ca/updates/qis-update-8-2019-ntg-clarity-networks-and-deer-horn-capital-sign-agreements 

 

QIS Update #7: http://www.smallcaps.ca/updates/qis-update-7-2019-ntg-clarity-networks-wins-$24-million-project-announces-new-sales-model

 

 

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.

 

Market News

 

During the first trading week of June 2019, the TSX Venture index posted a loss while the other two indices tracked had positive weeks.  The S&P TSX Venture Composite Index came off by a combined 5.01 points on the week to close on Friday at 596.54.  Canada's most tracked market index, the S&P TSX Composite Index, was up on the week, finishing on Friday at 16,230.96 points.  In total for the week, the TSX Composite increased by 193.42 points.  South of us in the United States, the Dow Jones Industrial Average had a very strong bounce back week after six straight weeks of losses.  The Dow Jones added a total of 1,168.90 points on the week, closing on Friday at 25,983.94 points.  This marked its highest close since early May 2019.  

 

'Pretty cheap money': Canadian mortgage rates falling to their lowest level in 2 years

https://www.cbc.ca/news/business/canadian-mortgage-rates-analysis-1.5164774

 

Canada's jobless rate drops to 5.4%, lowest level in 43 years

https://www.cbc.ca/news/business/may-jobs-statscan-1.5166200

 

Oilpatch downturn has cost Calgary $300M in tax revenue from downtown offices now sitting empty

https://www.cbc.ca/news/business/calgary-office-vacancies-taxes-1.5161450

 

Bank of Canada will likely join ‘rate-cutting party’ in 2020, CIBC says

https://www.bnnbloomberg.ca/bank-of-canada-will-likely-join-rate-cutting-party-in-2020-cibc-says-1.1270281

 

The Week Ahead: Lulu, Dollarama earnings; E3 kicks off

https://www.bnnbloomberg.ca/the-week-ahead-lulu-dollarama-earnings-e3-kicks-off-1.1270272

Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
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