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Investment Idea of the Week ( Week of March 29, 2010 ) View Archive for full list

Goal

Find small cap companies with high cash balance. Small Caps with signficant cash as a % of share price suggesting good support for their share price with cash in balance sheet. In some cases cash per share is more than share price (over 100% in last column in the table below)

Screening Criteria

  • Total Cash & Short Term Investments (ST): is greater than $50M
  • Total Cash & Short Term (ST) Investments / Total Assets : is greater than 0.25
  • Exchanges: (TSX) The Toronto Stock Exchange OR (TSXV) TSX Venture Exchange
  • Market Capitalization: is between $5M and $250M
Company Name Symbol Total Cash & ST Inv (Latest Qtr C$M) Total Cash & ST Inv / Total Assets Market Cap (30-Mar-10 C$M) Shares O/s (M) Day Close Price (30-Mar-10 C$) Cash & ST Inv per Share Cash per share as% of Closing price
BioMS Medical Corp.  T.MS 51.4 0.977 31.9 91.0 $0.35 $0.56 161%
Coventree Inc.  V.COF.H 4.9 0.888 54.9 15.2 $3.62 $5.59 154%
Aberdeen International Inc.  T.AAB 55.9 0.525 38.1 87.5 $0.44 $0.64 147%
Kingsway International Holdings Ltd.  T.KIH 61.5 0.555 44.2 80.3 $0.55 $0.77 139%
GobiMin Inc.  V.GMN 81.2 0.845 58.8 68.3 $0.86 $1.19 138%
Africo Resources Ltd.  T.ARL 86.8 0.59 66.1 71.1 $0.93 $1.22 131%
Clarke Inc.  T.CKI 110.1 0.392 91.0 26.2 $3.48 $4.20 121%
Endeavour Financial Corporation  T.EDV 253.3 0.746 230.0 97.0 $2.37 $2.61 110%
Westaim Corp.  T.WED 67.7 0.933 67.8 94.2 $0.72 $0.72 100%
Phoscan Chemical Corp.  T.FOS 69.4 0.444 71.2 171.6 $0.42 $0.40 97%
Coolbrands International Inc.  T.COB 64.7 0.976 66.7 56.1 $1.19 $1.15 97%
Clairvest Group Inc.  T.CVG 163.1 0.53 197.0 16.0 $12.35 $10.19 83%
Geovic Mining Corp.  T.GMC 56.8 0.913 71.1 103.1 $0.69 $0.55 80%
March Networks Corporation  T.MN 50.2 0.337 65.0 17.2 $3.78 $2.92 77%
Eurogas Corp.  V.EUG 74.7 0.733 129.6 156.1 $0.83 $0.48 58%
Westernzagros Resources Ltd.  V.WZR 80.4 0.318 139.4 170.1 $0.82 $0.47 58%
Cirrus Energy Corporation  V.CYR 73.9 0.337 132.7 87.9 $1.51 $0.84 56%
MBAC Fertilizer Corp  T.MBC 82.3 0.535 167.1 72.7 $2.30 $1.13 49%
Enghouse Systems Ltd.  T.ESL 89.8 0.551 196.0 25.1 $7.80 $3.58 46%
Orvana Minerals Corp.  T.ORV 55.3 0.373 121.0 115.2 $1.05 $0.48 46%
Urbana Corp.  T.URB 62.2 0.346 137.7 87.5 $1.60 $0.71 44%
Banro Corporation  T.BAA 83.3 0.371 220.4 106.0 $2.08 $0.79 38%
Ballard Power Systems Inc.  T.BLD 86.1 0.421 236.2 84.1 $2.81 $1.02 36%
ShaMaran Petroleum Corp  V.SNM 64.3 0.983 185.5 309.1 $0.60 $0.21 35%
Zungui Haixi Corporation  V.ZUN 58.0 0.561 183.7 62.3 $2.95 $0.93 32%
Zarlink Semiconductor Inc.  T.ZL 65.0 0.303 213.9 121.5 $1.76 $0.53 30%
5N Plus Inc.  T.VNP 69.5 0.502  240.9 45.6 $5.28 $1.52 29%
Bridgewater Systems Corporation  T.BWC 67.3 0.554 240.3 24.4 $9.83 $2.76 28%
Copper Mountain Mining Corporation  T.CUM 54.2 0.456 221.6 75.1 $2.95 $0.72 24%
Information as on March 29, 2010
Source: Capital IQ
View the archive of past Small cap investment idea of the week recommendations
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