Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Home Capital Group Inc. (HCG-T) announced preliminary results of its substantial issuer bid to repurchase for cancellation up to $115-million in common shares, or a maximum of 4,563,492 shares. The company said on Wednesday that about 1.55 million shares were tendered under the offer.
Yousry Bissada, CEO of Home Capital stated that “the fact that the tender offer was not fully subscribed indicates that many of our shareholders see the potential for additional upside value in our shares.”
**
Westshore Terminals Investment Corp. (WTE-T) announced that its wholly owned subsidiary Westshore Terminals Limited Partnership received a 72-hour strike notice from Local 502 of the International Longshore and Warehouse Union (ILWU) relating to its coal export terminal at Roberts Bank, B.C. The company said a stoppage would result in the complete suspension of operations at the terminal.
“While strike notice has been served, the parties remain in contact and continue to have the assistance of the mediator,” the company stated.
**
Blackline Safety Corp. (BLN-T) reported fiscal third-quarter revenue of $18.6-million, a 46-per-cent increase over the prior year’s quarter and in line with expectations.
Its net loss was $16.3-million or 27 cents per share versus a loss of $10.3-million or 19 cents a year ago.
**
Wildbrain Ltd. (WILD-T) reported revenue of $112-million for its fourth quarter ended June 30, consistent with $112.6-million in the year-ago quarter. The expectation was for revenue to come in at $108.3-million, according to S&P Capital IQ.
Net income was $1.1-million or a penny per share compared to net income of $11.4-million or 7 cents a year ago.
**
Wall Financial Corp. (WFC-T) reported revenue of $41-million for its second quarter ended July 31, compared to $64.6-million a year ago.
Net income of $9.3-million or 29 cents per share compares to net income of $5.8-mllion or 18 cents a a year ago.
**
Currency Exchange International Corp. (CXI-T) announced that its revenue increased 137 per cent to US$20.6-million for its third quarter ended July 31, as compared to US$8.7-million in the year-ago period.
Net income of US$4.6 million or 71 US cents per share compared to a net loss of US$100,000 or 2 US cents a year ago.
**