DVT (Divestco) - Again
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Posted: Monday Oct 10 7:21:25PM 2005
With all their recent acquisitions, are there any concerns about their ability to integrate these companies? Any ideas what they will mean to future earnings?
Posted: Monday Oct 3 7:49:32PM 2005
DVT hit $3.21 before closing at $3.10 today!
Posted: Monday Sep 12 7:19:29PM 2005
Another week, another new high closing at $2.86 after touching $2.91 on nice volume. rodball, do you still hold this?
Posted: Thursday Sep 1 11:45:05AM 2005
New highs reached. Currently at $2.50 after hitting $2.80 today on nice volume.
Posted: Wednesday Jul 27 7:06:11PM 2005
Here I was anticipating a decline today, and it closes up $0.16 at $2.20!!! Shows how much I know!
Posted: Monday Jul 18 7:32:51AM 2005
As it hit $2.20 this morning do you think it is undervalued anymore?
Posted: Friday Jul 15 7:43:21PM 2005
Even better news yet, geezer! DVT hit $1.83 and closed at $1.81, up $0.11 on the day. Not a bad week all in all. Have a great weekend, everyone!
Posted: Tuesday Jul 12 10:35:05AM 2005
It was a nice show of confidence in the company by management to have the options issued, exercised at a price of $1.69 - $0.09 above what the stock was trading at yesterday.
Posted: Monday Jul 11 7:43:20PM 2005
Closed at $1.69 today...a new high!
Posted: Thursday Jun 16 8:09:17AM 2005
Posted: Friday Jun 10 7:25:49PM 2005
Earnings, cash flow / share just got a little better!
CALGARY, ALBERTA--(CCNMatthews - June 10, 2005) - Divestco Inc. (TSX VENTURE:DVT) ("Divestco") announces today it has received regulatory approval to purchase, by way of a normal course issuer bid through the facilities of TSX Venture Exchange Inc., at market price, that number not to exceed 1,425,000 common shares, being approximately 10% of its public float. As of June 1, 2005, there were 24,529,022 issued and outstanding common shares.
The bid will commence on June 15, 2005, and expire no later than June 14, 2006. The broker for any purchases under the bid will be First Associates Investments Inc., Calgary, Alberta. The reason for the bid is that, in the opinion of the board of directors, the value of Divestco, based on anticipated cash flows and underlying asset values, is greater than the present aggregate market price of the common shares and accordingly, the acquisition of common shares under the bid represents a worthwhile investment and an appropriate use of funds.
Under its previous normal course issuer bid, Divestco purchased for cancellation 1,123,100 common shares at an average price of $1.10 per share.
Posted: Thursday Jun 9 10:59:32AM 2005
Doh, so close today to my $1.45 bid! It seems to get down occasionally near that price, and then buyers come in and push it back up! Oh well, good news for those that own it.
Posted: Sunday Jun 5 9:32:54PM 2005
thanks Rodball. Q1 revenue and earnings were impressive.
Posted: Sunday Jun 5 2:25:22PM 2005
If these guys can clean up the working capital deficit this year (which they should be able to if they can keep generating cash flow like they did in Q1), they should command a higher price / earnings multiple by year end. I think it is likely this that is holding the stock back a bit now although it has indeed been doing very well. They plowed a lot of the Q1 cash flow into buying additional data libraries.
A quick look back at the last year and a half suggested that there may be some seasonality with Q1 and Q4 being the biggest. This would seem to make sense with the general O&G service industry. Anyone got a handle on the seasonal influences on revenue?
I will be taking a closer look and will post some thoughts when I get a chance.