TECHNOLOGY & SPECIAL SITUATIONS REVIEW: JANUARY 26 2010 Caseridge Capital Corporation Caseridge TechSys DealBook January 26, 2010 www.caseridge.com Caseridge Capital Corporation 1 First Canadian Place, 100 King Street West, Suite 5700 Toronto, Ontario M5X 1C7 T 416-915-4142 F 416-915-3177
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TECHNOLOGY & SPECIAL SITUATIONS REVIEW: JANUARY 26 2010
Caseridge Capital Corporation
Caseridge TechSys DealBook January 26, 2010
www.caseridge.com
Caseridge Capital Corporation
1 First Canadian Place,
100 King Street West, Suite 5700
Toronto, Ontario M5X 1C7
T 416-915-4142 F 416-915-3177
Caseridge Capital Corporation 100 King Street West, Suite 5700, Toronto, M5X 1C7
A FURTHER 10% CORRECTION IN CANADIAN & SPECIAL SITUATION STOCKS POSSIBLE .............................................................. 2 PERFORMANCE UPDATE: CASERIDGE TOP PICKS LIST 2010: ........................................................................................................... 4
AVERAGE ............................................................................................................................................................................................................. 4
CASERIDGE TECHSYS COMPONENT SUMMARY AS AT JANUARY 22 2010 ................................................ 5
MARKET SENTIMENT CASERIDGE TECHSYS UNIVERSE ................................................................... 6 BULLISH SENTIMENT BOUNCED OFF ITS ALL TIME HIGH OF 51% TO END THE WEEK AT 47%. ........................................................ 6 CASERIDGE GMM TRACKING AND GP GROWTH TRENDS ................................................................................................... 7 THE GROSS MARGIN MULTIPLE (IN PURPLE) (“GMM”) DECLINED FROM ITS ALL TIME HIGH OF 1.29 TO 1.28 IN THE LAST WEEK WHILE
THE FORWARD LOOKING “NEXT QUARTER ANNUALIZED” GMM IN DARK BLUE (WHICH IS BASED ON CONSENSUS ANALYST ESTIMATES
FOR GROSS PROFITS IN THE NEXT QUARTER) CLOSED OUT THE WEEK AT 1.05. THE ....................................................................... 7
CASERIDGE CANADIAN TECHSYS CAPITAL MARKET SUMMARY (LAST 3 MONTHS) ............................ 8
WEEKLY EVENTS CALENDAR FOR THE WEEK ENDING JANUARY 29, 2010 ............................................. 11 RADIANT COMMUNICATIONS CORP. (TSXV:RCN) ................................................................................................................................................ 11 COREL CORPORATION (TSX:CRE)....................................................................................................................................................................... 11 SXC HEALTH SOLUTIONS, CORP. (NASDAQGS:SXCI) ........................................................................................................................................ 11 AG GROWTH INTERNATIONAL INC. (TSX:AFN) ..................................................................................................................................................... 11 ALARMFORCE INDUSTRIES INC. (TSX:AF) ............................................................................................................................................................ 11 ELECTROVAYA INC. (TSX:EFL) ............................................................................................................................................................................ 11 20-20 TECHNOLOGIES INC. (TSX:TWT) ............................................................................................................................................................... 11 CGI GROUP, INC. (TSX:GIB.A)............................................................................................................................................................................ 11 CGI GROUP, INC. (TSX:GIB.A)............................................................................................................................................................................ 11 CGI GROUP, INC. (TSX:GIB.A)............................................................................................................................................................................ 11 CGI GROUP, INC. (TSX:GIB.A)............................................................................................................................................................................ 11 20-20 TECHNOLOGIES INC. (TSX:TWT) ............................................................................................................................................................... 11 SENSIO TECHNOLOGIES, INC. (TSXV:SIO) ........................................................................................................................................................ 11 ZARLINK SEMICONDUCTOR INC. (TSX:ZL) ............................................................................................................................................................ 11 DALSA CORP. (TSX:DSA) .................................................................................................................................................................................. 11 DALSA CORP. (TSX:DSA) .................................................................................................................................................................................. 11 ZARLINK SEMICONDUCTOR INC. (TSX:ZL) ............................................................................................................................................................ 11
Nov-9-2009 Dec-8-2009 CLINICARE Corporation QHR Technologies Inc. (TSXV:QHR)
4.73
Nov-9-2009 Dec-23-2009 Cossette Inc. Mill Road Capital 150.00
Nov-9-2009 Dec-7-2009 Logic Innovations, Inc., Digital Video and Data Broadcast Product Lines
International Datacasting Corp. (TSX:IDC)
0.60
Nov-5-2009 Dec-23-2009 Kangaroo Media Inc. Game Day Entertainment, LLC 17.52
Nov-1-2009 Nov-1-2009 Pulse Voice, Inc. Enghouse Systems Ltd. (TSX:ESL)
-
Oct-28-2009 - Corel Corporation (TSX:CRE) Vector Capital,Vector Capital II, L.P.
32.89
Oct-26-2009 Dec-31-2009 Coretec Inc. DDI Corp. (NasdaqGM:DDIC) 23.40
Oct-26-2009 Nov-1-2009 Mayor Equipment Ltd. Rocky Mountain Dealerships, Inc. (TSX:RME)
-
Oct-23-2009 - Chongqing Zongshen Automobile Industry and Chongqing Zongshen Automobile Air Intake System
Zongshen PEM Power Systems Inc. (TSX:ZPP)
-
Private Placement Transactions (Last 3 Months)
Announced Date Closed Date Target Buyer/Investors Size ($mm)
Jan-18-2010 Jan-18-2010 01 Communique Laboratory Inc. (TSX:ONE)
1.07
Jan-18-2010 Jan-18-2010 Dantherm Power A/S Ballard Power Systems Inc. (TSX:BLD),Danfoss Ventures A/S,Dantherm A/S (CPSE:DANTH)
7.73
Jan-13-2010 - SmartCool Systems Inc. (TSXV:SSC) 0.58
Jan-7-2010 Jan-22-2010 BioteQ Environmental Technologies Inc. (TSX:BQE)
Newalta Corporation (TSX:NAL) 3.79
Dec-23-2009 Dec-23-2009 One Earth Farms Corp. Ag Growth International Inc. (TSX:AFN),Alliance Grain Traders Inc. (TSX:AGT),CAPE Fund Management Inc.,Capital for Aboriginal Prosperity and Entrepreneurship
14.28
Dec-23-2009 Dec-23-2009 TransGaming, Inc. (TSXV:TNG) 8.48
Note: Canceled transactions are not included in the results. Market View constituent companies that are listed as the seller company are included in the results.
Caseridge Capital Corporation 100 King Street West, Suite 5700, Toronto, M5X 1C7
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Weekly Events Calendar for the Week ending January 29, 2010
Historical Equity Pricing Data supplied by Capital IQ is licensed by FTSE International Limited to publish the FTSE Note that the opinions in this report are solely those of the author. The information in this report is gathered from various information provides that we believe to be reliable. Material errors or omissions are unintentional, and corrections may be forwarded to the author for correction in a subsequent report. This report is intended only for sophisticated and accredited investors, the recommendations made should not be acted upon by investors without proper advice and consultation with their investment advisor. Caseridge is not a member of the Investment Industry Regulatory Organization of Canada (IIROC) or of the Toronto Stock Exchange. Caseridge is registered as an Exempt Market Dealer in Ontario.
This message and any attached or linked material, is for information purposes only, and does not constitute an opinion, advice or a recommendation regarding any securities referred to therein. Information in this message or any attached or linked material relating to an offering of securities should be read in conjunction with the prospectus or other offering document for those securities. Caseridge Capital provides corporate finance advisory services in the areas of new issues, private placements, mergers, acquisitions, valuations and strategic advisory services. Caseridge does not directly or indirectly own shares in the companies named in this report, however independently managed mutual funds or other investment vehicles that may be owned by the author or by Caseridge employees may take positions in companies named in this report.