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Aquilini Investment Group ordered to pay US$600,000 for contract breach – Vancouver Sun

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The company that owns the Vancouver Canucks has been ordered to pay more than USD $600,000 for a breach of contract.


Six Factor, an authorized reseller of Google’s G-Suite toolset, delivered and installed the G-Suites at Rogers Arena, home of the Canucks, in July 2017.


Les Bazso / PROVINCE

The company that owns the Vancouver Canucks has been ordered to pay more than US$600,000 in damages after breaching a contract to purchase Google G-Suite licences for Rogers Arena.

In June 2017, Aquilini Investment Group entered into an agreement with Six Factor Professional Services to purchase 1,000 of the online business office tools for a total license fee of US$484,000.

The deal also called for additional licences to be purchased and full deployment and support services.

Six Factor, an authorized reseller of Google’s G-Suite toolset, delivered and installed the G-Suites at Rogers Arena, home of the Canucks, in July 2017.

In December 2017, the Aquilini Group asked for a further 20 suites, which Six Factor delivered and installed at a cost of US$11,760.

After the Canucks owners terminated the agreement in July 2018, Six Factor sued the company for damages.

The Aquilini Group admitted that it was liable for the breach of contract, and the only issue at trial was the amount of damages to be awarded.

Six Factor, which bills itself as Western Canada’s leading Google partner, sought the price the Aquilini Group agreed to pay for the licences and services and argued that it was a simple and straightforward breach of contract.

The Aquilini Group argued that it was an action for damages and not debt under the contract and that Six Factor was entitled only to the profit it expected to make on the contract, about US$55,000.

In a ruling posted on the court’s website Wednesday, B.C. Supreme Court Justice Catherine Murray sided with Six Factor.

“What is material is that Six Factor is not seeking recovery of its costs, it is seeking only the payment due by Aquilini under the contract,” said the judge.

“I do not accept Aquilini’s argument that the contract price Six Factor expected to receive under the contract could amount to overcompensation.”

The judge awarded US$607,000, representing the contract amount plus PST and GST and court-ordered interest, in addition to the cost of the additional licences and the costs of technical and training deployment.

kfraser@postmedia.com

twitter.com/keithrfraser

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Can These 2 Small-Cap Growth Stocks Power Your Investment Portfolio? – The Motley Fool Canada

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Small caps are stocks that have market capitalizations below $1 billion. This is the generally accepted definition. Likewise, micro caps are those with a market cap below $500 million. Although these stocks can be highly volatile, there are some high-quality companies in this space that are worthy of investors’ attention. 

Earlier this month, I brought to your attention two micro caps that have the potential to yield outsized returns — Hamilton Thorne (TSXV:HTL) and WELL Health Technologies (TSX:WELL). Earlier this week, Hamilton Thorne released strong preliminary results, and it is up by 7.4% in only a few weeks. 

It was a record quarter and year for one of world’s leading Assisted Reproductive Technology (ART) companies. Fourth-quarter revenue of $10.8 million and EBITDA of $2.2 million represents growth of 34% and 27%, respectively. Margins continue to trend upward, and Hamilton Thorne experienced growth across all of its segments.

For the fiscal year ended December 2019, it posted record revenue of $35.3 million and adjusted EBITDA of approximately $7.1 million. Once again, this represented strong growth of 21% and 14.6% over fiscal 2018. 

Not only did the Hamilton Thorne pre-announce strong results, management also introduced the company’s 2020 outlook. The company is looking to drive strong growth across its U.S. and U.K. equipment businesses and has several big sales in the pipeline for 2020. Although these bigger-ticket items are lower margin, the focus remains on driving top-line and adjusted EBITDA growth. 

The company also re-iterated plans to execute its growth-through-acquisition strategy. Speaking of which, its latest acquisition — Planer — contributed approximately $1.6 million in revenue to fourth-quarter results. 

In 2019, Hamilton Thorne’s share price climbed 23%, and it is well on its way to posting double-digit gains again in 2020. After announced preliminary results, the company briefly touched a 52-week high of $1.50 per share. This is close to analysts’ one-year average price target of $1.54 per share and implies 15% upside from today’s share price of $1.30 per share. 

The top stock on the TSX Venture

Another small cap garnering plenty of attention is DynaCERT (TSXV:DYA). The company is involved in the design and manufacturing of a transportable hydrogen generator system. DynaCERT’s technology reduces carbon emissions in diesel engines. This makes it an attractive investment for those looking for eco-friendly investment options. 

This past Thursday, the company was announced as the top stock on the TSX Venture 50. The TSXV 50 is an annual ranking of the top-performing stocks on the venture exchange. In 2019, DynaCERT’s share price shot up by 284%, more than tripling investors’ investment. 

Is DynaCERT a buy? Unlike Hamilton Thorne and WELL Health Technologies, the company remains a speculative buy on the basis that it generates little revenue and is far from profitability. It is early days for this eco-stock, and investors can expect considerable volatility. 

Can the company post a repeat performance in 2019? It will be a tough task. On the bright side, the company has the shift to renewables and sustainable investing as a tailwind. Investors are craving for the next clean energy company, and DynaCERT’s technology certainly fits the build. 

Foolish takeaway

Hamilton Thorne is poised to continue strong growth and is one of those rare small caps that is profitable. It remains a top micro cap and is worthy of investors’ consideration. On the flip side, DynaCERT is still in the “prove itself” stage, and investors should not rush out and start a position in the company based solely on last year’s performance. That being said, it is worth adding to watch lists.

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Fool contributor Mat Litalien owns shares of HAMILTON THORNE LTD. The Motley Fool owns shares of and recommends HAMILTON THORNE LTD.

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African countries aren't getting as much as they should from foreign direct investment – The Conversation Africa

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Economic growth is driven by a number of factors. These include foreign direct investment, national savings, household spending, fiscal and monetary policies. Since the late 1980s African governments have fully embraced foreign direct investment as a major driver of growth.

One of the avenues through which countries have sought to attract more foreign direct investment has been investment summits. These are hosted jointly with developed countries. They include the Africa-China Investment Summit, Africa-UK Investment Summit and the Africa-US Investment Summit.

Despite these efforts, data shows that Africa has not been a major recipient of these flows. In fact, it attracts a lot less than other developing countries.

There’s a bigger problem too – the impact on economic growth of the foreign direct investment the continent attracts is lower than other comparable parts of the world. In our research we set out to understand why. To do this, we looked at the financial services sector which is underdeveloped in most African countries.

The search

We examined data from 45 countries between 1980 and 2016. The variables we looked at included economic growth, foreign direct investment, financial sector development, human capital, government expenditure and gross fixed capital formation.

The countries were selected based on data availability. They comprised several countries from all the regional blocs, including six countries from Northern Africa.

Overall, the countinent’s financial sector is under-developed compared to other emerging economies, with the exception of South Africa which is relatively well-developed. The countries’ financial sectors are bank-based, thus providing limited space for the equity (capital) markets.

We sought to examine the relationship among three factors: foreign direct investment, economic growth, and financial sector development. Financial sector development measures a country’s financial institutions to make financial services available to citizens. It also includes the provision of finance to businesses.

There has been a lot of economic literature on the impact of foreign direct investment on economic growth. And there have been many studies on the linkages between foreign direct investment, financial sectors and economic growth. But less has been done on the extent to which Africa’s financial sector is a conduit through which foreign direct investment drives economic growth.

Research findings on the impact of foreign direct investment on a country’s economic growth are mixed. This implies that the extent of the impact is determined by other factors and characteristics of a country’s economy.

That’s why we chose to look at how the financial sector, in particular its stage of development, can moderate the impact of foreign direct investment on economic growth.

What attracts foreign direct investment

For the most part, foreign direct investment inflows to Africa have generally been attributed to five factors. These are regulations (ease of doing business), the general investment climate, broader economic reforms, information communication and technology development, and improvements in infrastructure.

Foreign direct investment plays an important role in economic development. It provides financial resources, technological spillovers and improvement in human capital. These are all critical factors that can spur Africa’s economic development by addressing infrastructural deficits and reducing unemployment.

The effect of foreign direct investment on economic growth is well documented globally. Funds from foreign investors are channelled through a country’s financial system before being allocated to the targeted beneficiary of the investment.

In Africa’s case we found that the continent’s underdeveloped financial sector has dampened the impact of foreign direct investment on economic growth.

To measure financial sector development we calculated credit provided by the financial sector to the private sector as a percentage of GDP. On this measure, Africa’s financial sector fails to allocate financial resources effectively and efficiently to the productive sectors of the economy.

When the financial sector does allocate resources, it invests in risky projects. The net effect is that it hurts economic growth and therefore fails to support foreign direct investment.

What’s to be done

Foreign direct investment inflows to Africa are increasing, albeit marginally. What our study shows is that African governments need to spend more effort on maximising the impact of foreign direct investment on economic growth. This is over and above current efforts to gain a bigger share of global foreign direct investment flows. Failure to raise the impact of foreign direct investment on economic growth will mean that African countries will not fully benefit from higher inflows.

Improving the performance of the financial sector should be one of the major preoccupations of African policymakers. This should include regulators improving their supervisory roles. And they should strengthen the financial sector’s ability to allocate resources effectively to the productive sectors of the economy. Improvements in corporate governance and risk management strategies would also help.

This article was co-authored with Abraham Mensah Acquah. He holds BA (Integrated Business Studies) and a Master of Commerce degree in Banking and Finance from the School of Business and Law, University for Development Studies, Wa, Ghana.

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The Methods of Investment Analysis – Yahoo Finance

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investment analysis

Selecting a profitable investment is a challenging for many investors. Fortunately, investors can use investment analysis to help them determine how an investment will perform. Here are a few of the most common methods of investment analysis that can help you make better investment decisions.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="” data-reactid=”32″>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="What is Investment Analysis?” data-reactid=”33″>What is Investment Analysis?

Investment analysis is a comprehensive term. As a result, it includes a wide variety of calculations and assessments that analyze market trends, investments and financial industries. Meanwhile, analysts may use a variety of metrics including past returns, yield potential, price movement and more to help them make better investment decisions.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Types of Investment Analysis” data-reactid=”35″>Types of Investment Analysis

With all the data and financial information available, there are a variety of methods analysts and investors use. However, investment analysis can be divided into a few different categories.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Bottom-Up” data-reactid=”37″>Bottom-Up

Bottom-up analysis assesses individual stocks by using their merits. For example, these merits include pricing power, management competence and valuation. However, this investment analysis method doesn’t focus on market or economic cycles to determine asset allocations. Instead, this method looks at the best companies and stocks regardless of the state of the economy and market.

In other words, bottom-up analysis has a more microeconomic or small-scale perspective and approach instead of looking at the economy at large.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Top-Down” data-reactid=”40″>Top-Down

Top-Down analysis examines the economic, market and industry trends before making a more specific investment decision. For instance, say an analyst evaluates different industries and found that technologies outperformed financials. Consequently, they may decide to allocate their portfolio with greater weight in financials than technologies. They will then seek out the best-performing companies within the financial sector.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In comparison to a bottom-up analysis, an investor may find compelling reasons to purchase a single technology stock and invest a significant amount of capital in the stock. The investor may do this even if the overall outlook on the industry is poor.” data-reactid=”42″>In comparison to a bottom-up analysis, an investor may find compelling reasons to purchase a single technology stock and invest a significant amount of capital in the stock. The investor may do this even if the overall outlook on the industry is poor.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Technical Analysis” data-reactid=”43″>Technical Analysis

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Technical analysis focuses on finding patterns of stock price movements that’s discovered through analysis of a security’s prices and volume of share trades. While fundamental analysis focuses on the intrinsic value of a stock, the technical analysis evaluates the strength or weakness of a security by reviewing a variety of analytical charting tools, trading signals, and price movements.” data-reactid=”44″>Technical analysis focuses on finding patterns of stock price movements that’s discovered through analysis of a security’s prices and volume of share trades. While fundamental analysis focuses on the intrinsic value of a stock, the technical analysis evaluates the strength or weakness of a security by reviewing a variety of analytical charting tools, trading signals, and price movements.

For example, let’s say the average price of a share over a short period (50 days) surpasses the moving average of a share price for a longer period (200 days) technical analysts might see a buying opportunity. Conversely, if a stock’s 50-day moving average price falls below its 200-day moving average, technical analysts might see an opportunity to sell.

Keep in mind technical analysis focuses on the actual price of the stock, not the financial strength of the company or industry or economy. Essentially, if you use technical analysis, you’re assuming pricing history already reflects all important information.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Fundamental Analysis” data-reactid=”47″>Fundamental Analysis

investment analysis

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Fundamental analysis focuses around the idea that at any given time a company’s shares have an intrinsic or enterprise value, which the market will acknowledge eventually. To identify this value, the investor must observe the corporation’s financial performance. However, fundamental analysts also assess the state of that firm’s industry and overall economic health.” data-reactid=”68″>Fundamental analysis focuses around the idea that at any given time a company’s shares have an intrinsic or enterprise value, which the market will acknowledge eventually. To identify this value, the investor must observe the corporation’s financial performance. However, fundamental analysts also assess the state of that firm’s industry and overall economic health.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Fundamental analysts use metrics including earnings-per-share (EPS), dividend yield, price-earnings (P/E) ratio, and return on equity to determine the corporation’s value. This method also focuses on a company’s assets, liabilities, and expenses.” data-reactid=”69″>Fundamental analysts use metrics including earnings-per-share (EPS), dividend yield, price-earnings (P/E) ratio, and return on equity to determine the corporation’s value. This method also focuses on a company’s assets, liabilities, and expenses.

Analysts will closely examine the firm’s reports which are filed with the Securities and Exchange Commission. These reports may include the 10-K and 10-Q, as well as sell-side analysts’ reports on the company.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Fundamental Analysis Details” data-reactid=”75″>Fundamental Analysis Details

Now that you understand the big picture of how fundamental analysts determine a company’s value, let’s take a deeper dive into some of the metrics that make up this examination. Keep in mind, some investors may solely rely on each individual metric to make an investment decision.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Price-Earnings Ratio (P/E)” data-reactid=”77″>Price-Earnings Ratio (P/E)

A price-earnings ratio shows the correlation between the price of one share of a stock and the earnings-per-share that the company reports over a period. This period is generally one year. It illustrates the amount of money each investor is putting into the firm for every dollar of earnings the company posts.

You can calculate the P/E ratio by dividing the stock’s market value per share. Often, investors will compare one stock’s P/E to other stock’s P/E in the same industry to determine the value of the stocks. Usually, investors consider lower P/E ratios favorable.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Earnings Per Share” data-reactid=”80″>Earnings Per Share

Earnings per share indicates how efficiently revenues filters down to investors. To calculate a company’s earnings-per-share investors should take earnings remaining for shareholders divided by the number of outstanding shares. If a company has high earnings per share, investors may identify them as a profitable firm.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Book Value&nbsp;” data-reactid=”82″>Book Value 

Investors may use the price-to-book ratio to identify high-growth companies that are undervalued. While the book value of a company is the total number of assets minus total liabilities, you can calculate the P/B by taking the market price of a company’s stock and dividing by the book value of equity. If a company has a low P/B ratio, it’s viewed as undervalued.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Dividend Yield” data-reactid=”84″>Dividend Yield

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The dividend yield is the relationship between a company’s dividend payments and stock price. To calculate the dividend yield you will divide the annual dividend by the current stock price. You can then compare one company’s dividend yield to another. Investors may select companies with higher dividend yields if they are seeking to invest in companies with high dividend payments.” data-reactid=”85″>The dividend yield is the relationship between a company’s dividend payments and stock price. To calculate the dividend yield you will divide the annual dividend by the current stock price. You can then compare one company’s dividend yield to another. Investors may select companies with higher dividend yields if they are seeking to invest in companies with high dividend payments.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Return on Equity (ROE)” data-reactid=”86″>Return on Equity (ROE)

Essentially, the return on equity (ROE) reveals the company’s efficiency at turning shareholder investments into profits. ROE takes the net income from a firms’ income statement and the shareholders’ equity from its balance sheet. Therefore, if a company liquidates its assets to pay off debt, ROE is the amount that’s left over for shareholders.

To calculate the ROE, divide a company’s net income by its shareholder equity. The higher ROE a company has the better.

 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Bottom Line

” data-reactid=”90″>The Bottom Line

investment analysis

Selecting the wrong investment opportunity can end up costing you your entire investment or more. While selecting the correct investment opportunity has the potential to help you achieve unlimited gains. Using an investment analysis method can help you make a better and more educated decision.

There are plenty of methods of investment analysis to asses an investment opportunity. Including different valuations into your analysis may help you make a better investment decision. The more information and data you can use, the better the evaluation you may be able to achieve.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investment Tips” data-reactid=”113″>Investment Tips

  • Consider talking to a financial advisor about how investment analysis could improve your investment decisions. Finding the right financial advisor who fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors who will help you achieve your financial goals, get started now.
  • Don’t assume that your investment strategy needs to depend exclusively on one kind of analysis. You may find that technical analysis works better in some situations while fundamental analysis works better in other situations.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The post The Methods of Investment Analysis appeared first on SmartAsset Blog.” data-reactid=”118″>The post The Methods of Investment Analysis appeared first on SmartAsset Blog.

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