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Quinsam Reports Q3/2023 Results

Quinsam Reports Q3/2023 Results

Quinsam 公佈了 2023 年第三季度業績
newsfile ·  2023/11/27 21:04

Toronto, Ontario--(Newsfile Corp. - November 27, 2023) - Quinsam Capital Corporation (CSE: QCA) ("Quinsam" or the "Company") is announcing its Q3/2023 results, with a net income of $0.1 million ($0.00 per share basic, $0.00 fully diluted) versus a loss of $2.3 million ($0.02 per share basic, $0.02 fully diluted) in Q3/2022. Investors can access the Company's full financial statements on sedarplus.ca.

安大略省多倫多--(新聞文件公司,2023年11月27日)-昆森資本公司(CSE:QCA)(“Quinsam” 或 “公司”)宣佈其2023年第三季度業績,淨收入爲10萬美元(基本每股虧損0.00美元,全面攤薄0.02美元),而2022年第三季度虧損230萬美元(基本每股虧損0.02美元,全面攤薄0.02美元)。投資者可以在sedarplus.ca上查看公司的完整財務報表。

"At September 30, 2023, we had net assets of approximately $0.14 per share outstanding" said Roger Dent, CEO. "Our shares continue to trade at a very steep discount from NAV."

首席執行官羅傑·登特表示:“截至2023年9月30日,我們的流通淨資產約爲每股0.14美元。”“我們的股票繼續以比資產淨值大幅折扣的價格交易。”

"After several very difficult quarters in small cap markets, it seems that interest rates are peaking and interest in equities is growing. We are likely seeing significant tax loss selling in the market at this time and we are hopeful that this is creating conditions where small caps will see a strong "January Effect" in 2024."

“在小盤股市場經歷了幾個非常艱難的季度之後,利率似乎已達到頂峯,對股票的興趣正在增長。目前,我們可能會看到市場上出現大量的稅收虧損拋售,我們希望這將爲小盤股在2024年出現強勁的 “1月效應” 創造條件。”

Value Creation Strategy

價值創造戰略

Quinsam shares have traded at a discount to NAV in recent years. In an effort to secure a valuation for our shares that is at NAV or perhaps at a premium to NAV, Quinsam has previously announced that it is pursuing a strategy to attempt to realize our underlying economic value.

近年來,Quinsam股票的交易價格低於資產淨值。爲了確保我們的股票估值達到資產淨值或可能高於資產淨值,Quinsam此前曾宣佈,它正在推行一項戰略,試圖實現我們的潛在經濟價值。

In current capital markets, capital is very scarce for small cap companies. If Quinsam is able to convert its portfolio to liquid assets, Quinsam believes that it may be able to secure a valuation in excess of NAV as part of a merger or reverse takeover with a private company.

在當前的資本市場中,小型股公司的資本非常稀缺。如果Quinsam能夠將其投資組合轉換爲流動資產,Quinsam認爲,作爲與私營公司合併或反向收購的一部分,它可能能夠獲得超過資產淨值的估值。

Accordingly, Quinsam continues efforts to exit its illiquid investments and look for transactions that have the potential to create significant shareholder value. Quinsam believes that it is prudent to exit its illiquid investments in a patient and careful way. As a result, this process will likely take in excess of one year. It is a goal to continue to try to grow NAV while this process is underway through investment in liquid vehicles.

因此,Quinsam繼續努力退出其流動性不足的投資,尋找有可能爲股東創造巨大價值的交易。昆薩姆認爲,謹慎的做法是以耐心和謹慎的方式退出流動性不足的投資。因此,此過程可能需要一年以上的時間。目標是通過投資流動性車輛來繼續努力增加資產淨值,同時這一過程正在進行中。

In Q3/2023, Quinsam disposed of approximately $100,000 in legacy investments which helped increase its cash balance. Efforts to dispose of legacy investments will continue. Quinsam also received tax refunds totalling approximately $758,000 in Q3/2023, which allowed us to exit the quarter with cash of about $1.8 million or nearly $0.02 per share.

在2023年第三季度,Quinsam出售了約10萬美元的遺留投資,這有助於增加其現金餘額。處置遺留投資的努力將繼續下去。Quinsam在2023年第三季度還收到了總額約爲75.8萬美元的退稅,這使我們能夠以約180萬美元的現金退出本季度,相當於每股近0.02美元。

We made one small new investment in Q3/2023, Tectonic Metals Inc. We acquired units at $0.11 each. The stock currently trades at about $0.13 and we have sold about half the shares at higher than the current share price.

我們在2023年第三季度進行了一項小額新投資,即Tectonic Metals Inc。我們以每套0.11美元的價格收購了單位。該股目前的交易價格約爲0.13美元,我們已經以高於當前股價的價格出售了約一半的股票。

In Q4/2023, we acquired a small stake in a rare earths exploration company, Neoterrex, which is expected to commence trading at around the end of the year.

在2023年第四季度,我們收購了稀土勘探公司Neoterrex的一小部分股份,該公司預計將於今年年底左右開始交易。

The search for a value creating transaction has begun. We anticipate that it may take some time to find a suitable, value creating transaction. Further announcements will be made on the status of such steps which are subject to all applicable shareholder and regulatory approvals.

尋找價值創造交易的工作已經開始。我們預計,找到合適的、創造價值的交易可能需要一些時間。將就此類措施的狀況發佈進一步的公告,這些措施需要獲得所有適用的股東和監管部門的批准。

Issuer Bid

發行人出價

In Q3/2023, Quinsam acquired 335,000 shares pursuant to its issuer bid to acquire up to 4,916,605 shares that commenced on September 6, 2022 and terminated on September 5, 2023. In total, the Company acquired 1,541,000 shares pursuant to this issuer bid.

2023年第三季度,Quinsam根據發行人競標收購了33.5萬股股票,該出價從2022年9月6日開始,於2023年9月5日終止,收購了多達4,916,605股股票。根據發行人的出價,公司總共收購了1,541,000股股票。

In Q3/2023, Quinsam acquired 531,000 shares pursuant to its issuer bid to purchase up to 4,800,000 of its common shares that commenced on September 6, 2023 and will terminate on September 5, 2024, or on an earlier date in the event that the number of common shares sought in the Bid has been repurchased.

2023年第三季度,Quinsam根據發行人競標收購了531,000股股票,該出價從2023年9月6日開始收購最多4800,000股普通股,並將於2024年9月5日終止,如果競標中尋求的普通股數量已被回購,則將在更早的日期終止。

Quinsam has repurchased and cancelled over 20 million shares since 2018 pursuant to its issuer bids.

自2018年以來,Quinsam已根據發行人的出價回購並取消了超過2000萬股股票。

Investor Call

投資者電話會議

An investor call will be held at 9:00 a.m. Eastern time on Tuesday, November 28, 2023 by Zoom:

Zoom 將於美國東部時間2023年11月28日星期二上午9點舉行投資者電話會議:

Meeting ID: 869 0566 3005
Passcode: 509238

會議編號:869 0566 3005
密碼:509238

About Quinsam Capital Corporation

關於昆薩姆資本公司

Quinsam is a merchant bank with a focus on "small cap" investments which it believes are undervalued. We do not invest on behalf of third parties or offer investment advice.

Quinsam是一家商業銀行,專注於它認爲被低估的 “小盤股” 投資。我們不代表第三方進行投資或提供投資建議。

Generally, Quinsam does not believe that individual investments are material events. Quinsam may choose to announce certain investments once the company has finished buying its position because we feel that this information helps investors understand our decision making process. Generally, Quinsam does not announce the sale of investments.

通常,Quinsam不認爲個人投資是重大事件。Quinsam可能會選擇在公司完成購買頭寸後宣佈某些投資,因爲我們認爲這些信息可以幫助投資者了解我們的決策過程。通常,Quinsam不會宣佈出售投資。

For further information contact:

欲了解更多信息,請聯繫:

Roger Dent, CEO
(647) 993-5475
roger@quinsamcapital.com

首席執行官羅傑·登特
(647) 993-5475
roger@quinsamcapital.com

This press release may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events, which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking words such as "anticipate", "believe", "continue", "expect", "goal", "plan", "intend", "estimate", "may", "project", "predict", "potential", "target", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.

本新聞稿可能包含與預期的未來事件、業績、情況、業績或預期相關的前瞻性陳述,這些陳述不是歷史事實,而是代表我們對未來事件的信念,而這些信念本質上是不確定的。前瞻性陳述通常可以通過前瞻性詞語來識別,例如 “預期”、“相信”、“繼續”、“目標”、“計劃”、“打算”、“可能”、“可能”、“項目”、“預測”、“潛力”、“目標” 和 “將” 或暗示未來結果的類似詞語,或其他預期、信念、計劃、目標、假設、意圖或陳述未來的活動或表演。

By their nature, forward-looking statements require making assumptions which include, among other things, that (i) Quinsam will have sufficient capital to effect its business strategies, (ii) the business strategies will produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business strategies.

就其性質而言,前瞻性陳述需要做出假設,其中包括(i)Quinsam將有足夠的資本來實施其業務戰略,(ii)業務戰略將產生Quinsam預期的結果,(iii)市場將以與業務戰略一致的方式做出反應和表現。

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. Quinsam believes that the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct. Some risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information in this press release include, but are not limited to: cannabis companies Quinsam has invested in obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other licenses, and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization; market and general economic conditions of the cannabis sector or otherwise, interest rates, regulatory and statutory developments, the nature of the Company's investments, the available opportunities and competition for investments, the concentration of our investments in certain industries and sectors, reliance on key personnel, risks affecting investments, management of the growth of the Company, and exchange rate fluctuations and, in the case of the valuation creation strategies, the ability to complete divestitures of illiquid assets on terms which are economic or at all, to identify beneficial business opportunities, to secure or act on the identified business opportunities on terms which are economic or at all, and obtain all necessary shareholder and regulatory approvals. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although Quinsam has attempted to identify factors that could cause actual events or results to differ materially from those described in forward-looking information, there may be factors that cause events or results to differ from those intended, anticipated or estimated.

前瞻性信息涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致實際結果或事件與預期結果或事件存在重大差異。昆薩姆認爲,前瞻性信息中反映的預期是合理的,但無法保證這些預期會被證明是正確的。可能導致實際業績與本新聞稿中前瞻性信息中表達的結果存在重大差異的一些風險和其他因素包括但不限於:大麻公司Quinsam投資於獲得和維持監管部門的批准,包括收購和續訂美國州、地方或其他許可證,以及現有保護措施不受美國聯邦或其他起訴的不確定性;監管或政治變化,例如適用法律和法規的變化,包括美國州法律的合法化;市場和大麻行業或其他行業的總體經濟狀況、利率、監管和法定發展、公司投資的性質、可用的投資機會和競爭、我們的投資集中在某些行業和行業、對關鍵人員的依賴、影響投資的風險、公司增長的管理和匯率波動,以及就估值創造策略而言,以經濟條件或按期完成對流動性不足資產剝離的能力全部,確定有益的商業機會,以經濟或根本的條件保護已確定的商業機會或就其採取行動,並獲得所有必要的股東和監管部門的批准。提醒讀者,上述風險和因素清單並不詳盡。儘管Quinsam試圖確定可能導致實際事件或結果與前瞻性信息中描述的事件或結果存在重大差異的因素,但可能有一些因素導致事件或結果與預期、預期或估計的事件或結果有所不同。

The forward-looking information contained herein is provided as at this date, based upon the opinions and estimates of management and information available to management as at this date. Quinsam does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to place undue reliance on forward-looking information contained herein.

此處包含的前瞻性信息是根據管理層的意見和估計以及管理層截至該日獲得的信息提供的。除非適用法律要求,否則Quinsam不承諾也不承擔任何更新或修改任何前瞻性信息的意圖或義務,無論這些信息是由於新信息、未來事件還是其他原因造成的。提醒讀者不要過分依賴此處包含的前瞻性信息。

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION BY ANY UNITED STATES NEWS DISTRIBUTION SERVICE

不適用於在美國傳播或由任何美國新聞發行服務機構發行

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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