Last C$3.02 CAD
Change Today +0.02 / 0.67%
Volume 195.6K
WED On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 3:55 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

westaim corp/the (WED) Snapshot

Open
C$3.00
Previous Close
C$3.00
Day High
C$3.02
Day Low
C$3.00
52 Week High
05/27/14 - C$3.48
52 Week Low
10/7/13 - C$1.65
Market Cap
212.3M
Average Volume 10 Days
99.7K
EPS TTM
C$-0.50
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 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.

Westaim Seeks Acquisitions

Westaim Corp. (TSXV:WED) is looking for acquisition opportunities. Westaim has secured $80.1 million through an offering. It intends to use the net proceeds from the offering for general corporate purposes and to consider and possibly fund potential future acquisitions.

 

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Industry Analysis

WED

Industry Average

Valuation WED Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 136.9x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 586.5x
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