Elysee Development ELC.v C$.26
Posted: Thursday Jul 14 8:09:08AM 2016
ELC.v +.01 to C$.27 Elysee reported .15eps for first 6 months and market yawned. Tiny portfolio and future results may be harder to come by. Their largest holdings don't look that great. But I already sold so one of these days, they may get discovered and zoom to book value.
Posted: Saturday Jul 9 6:33:08PM 2016
Sold out of ELC.v last week for what I paid. Too many gold/silver stocks taking off. ELC should report a good Q2, with many gold/silver stocks taking off. However, this is a tiny company and market probably isn't going to reward them with full NPV of their portfolio due to tiny size of portfolio. Decided to take the money and buy bigger producers.
Posted: Wednesday Jun 29 8:24:21PM 2016
Elysee is a miner turned investment company. They were profitable in fye 11/30/15 from investment gains and made .035eps. They paid a cash dividend of .02 this spring for 2015. Earned 350K in Q1 and with the boom in mining stocks, should report a big profit in Q2. They have a buyback program and are investing in junior mining stocks, participating in private placements as well as buying stock in the open market.
The Net Asset Value of stocks and cash is around C$8 million vs the current market cap of 5.5million. I bought a small position due to the low trading volume. Don't know how long they can keep generating stock profits from their portfolio but they picked a good time to convert to an investment company.