Last C$2.86 CAD
Change Today -0.07 / -2.39%
Volume 2.1K
WED On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 12:58 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

westaim corp/the (WED) Snapshot

Open
C$2.93
Previous Close
C$2.93
Day High
C$2.93
Day Low
C$2.86
52 Week High
05/27/14 - C$3.48
52 Week Low
01/8/14 - C$2.03
Market Cap
201.1M
Average Volume 10 Days
23.8K
EPS TTM
C$-0.15
Shares Outstanding
70.3M
EX-Date
10/1/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTAIM CORP/THE (WED)

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westaim corp/the (WED) Details

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, and other arrangements. The firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

Founded in 1996

westaim corp/the (WED) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Interim Chief Financial Officer and Chief Ope...
Total Annual Compensation: C$250.0K
Chief Executive Officer of Jevco and Presiden...
Total Annual Compensation: C$282.9K
Chief Financial Officer of Jevco and Vice Pre...
Total Annual Compensation: C$152.1K
Chief Operating Officer of Jevco and Vice Pre...
Total Annual Compensation: C$145.6K
Compensation as of Fiscal Year 2013.

westaim corp/the (WED) Key Developments

The Westaim Corporation Appoints Stephen R. Cole to Its Board of Directors, Effective November 14, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

The Westaim Corporation announced the appointment of Stephen R. Cole to its Board of Directors effective November 14, 2014. From 1975 until June 2010, Mr. Cole was President and Founding Partner of Cole & Partners. Mr. Cole was President of Duff & Phelps Canada Limited until May 2013 and thereafter President of Seeonee Inc. He is currently a director and an advisory committee member to several private companies. Previously, Mr. Cole was a director of H. Paulin & Co. Limited. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter the company has reported revenue of CAD 0.6 million against CAD 0.1 million a year ago. Profit and other comprehensive income was CAD 16.4 million or CAD 0.31 per basic and diluted share against loss and other comprehensive loss of CAD 0.5 million or CAD 0.04 per basic and diluted share a year ago. For the nine months, the company has reported revenue of CAD 0.7 million against CAD 0.3 million a year ago. Profit and other comprehensive income was CAD 11.9 million or CAD 0.44 per basic and diluted share against loss and other comprehensive loss of CAD 1.7 million or CAD 0.12 per basic and diluted share a year ago. Book value per share as at September 30, 2014 was CAD 2.64 against CAD 2.37 per share a year ago.

The Westaim Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The Westaim Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has reported that net loss of CAD 2.9 million or CAD 0.21 per share for the three months ended June 30, 2014, compared to a net loss of CAD 0.7 million or CAD 0.05 per share for the three months ended June 30, 2013. Revenue was CAD 0.0 million compared to CAD 0.1 million a year ago. For the six months ended June 30, 2014, the company recorded a net loss of CAD 4.5 million or CAD 0.33 per share compared to a net loss of CAD 1.2 million or CAD 0.09 per share for the six months ended June 30, 2013. Revenue was CAD 0.1 million compared to CAD 0.2 million a year ago. Book value per share at June 30 was CAD 1.62 per share CAD 2.40 per share a year ago.

The Westaim Corporation Announces Management Changes

The Westaim Corporation announced that Jeffrey Sarfin, the current Chief Financial Officer, intends to retire effective June 20, 2014 and that Robert T. Kittel has been appointed as Chief Financial Officer of the company on an interim basis effective June 20, 2014 pending the appointment of a permanent replacement. Mr. Sarfin has agreed to provide transition assistance to the company on an "as needed" basis. Mr. Kittel has been the Chief Operating Officer of the company since January 2013 and will continue to act in such capacity following his appointment as interim Chief Financial Officer. Mr. Kittel has accumulated almost 20 years of experience in financial and investment related roles. He was previously a Portfolio Manager at Goodwood Inc. and, since 2009, has played a central role in the development and growth of Westaim.

 

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Valuation WED Industry Range
Price/Earnings 6.8x
Price/Sales 10.9x
Price/Book 1.1x
Price/Cash Flow 20.0x
TEV/Sales 0.6x
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