End of Jan 2023 Update - $OSS.v, $PSD.to, $FTG.to, $XTC.to, $VMD.to & $VMD, $MCB.to, $HWO.to
Thoughts on Market Activity
Pretty wild to see some of the poor performers from last year come back to life. My portfolio has dramatically underperformed the indices YTD.
Podcasts I Enjoyed
This podcast on burnout over at Value Hive is definitely worth a listen. It’s something that isn’t talked about enough. Finance in particular seems to lean very heavily into hustle culture and constantly grinding.
Dede Eyesan was also on Value Hive and it was very interesting. The company’s that return 10x in 10 years is something that we all want to know and understand. The key points that I took away are: some growth, low initial valuation and positive earnings seem to be reasonable things for my mind to look for.
Will Thomson on The Business Brew is worth a listen. As a commodity generalist I took some key things away. Worth your time if you are into commodities.
Other News
I’ll be on the platform for a powerlifting meet on Valentine’s Day. I’ll tell you about it if it goes well. If it goes poorly I will pretend like it didn’t happen. I’ll be sending out the mid February update a day or two early?
Company Updates
OneSoft Solutions - $OSS.v
Provided an update on 2022 estimates and guidance for 2023
total revenue for 2022 expected to be up 55% vs 2021
expecting 2023 base revenue to exceed 10 mil and to be break even
it’s a bit hard to get a handle on what is organic growth with the recent acquisitions but I view this as quite positive for the business
still trading at 5-6x forward revenue
Pulse Seismic - $PSD.to
announced a 4mil licensing agreement and 2022 prelim rev numbers of 9.6 mil CAD
this equates to approx 2.5mil in Q4 which is way down from the 16+ mil Q4 2021
Q1 2023 is when the yoy comps get easier
Firan Technology - $FTG.to
the CEO was interviewed by SCD
worth watching to get a handle on what the business could be a few years down the road
Exco Technologies - $XTC.to
not great news and there is no mention of insurance
the company went back to 52 week low on the news
reported fiscal Q1 2023
call is today so hoping to get some color on the cyber security incident and expectations for the rest of the year
Viemed - $VMD.to
Complete overruling of OIG claims
though the remaining amount isn’t material, it does give confidence in their processes
McCoy Global - $MCB.to
Cannell Capital announced an early warning report
not much to update but it does provide an answer as to why there was such amount of shares traded that day
High Arctic Energy Services - $HWO.to
Long - $OSS.v, $PSD.to, $VMD.to & $VMD, $MCB.to, $HWO.to