GMP Capital (GMP:TSE) and Transat A.T. (TRZ:TSE) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
GMP GMP Capital Inc 3.740000 89868671 None 1.5133 4.71 3.99
TRZ Transat A.T. Inc 5.180000 36859165 None 0.4111 9.87 13.98
LTS Lightstream Resources Ltd 0.115000 198992000 None None 0.20 -1.60
ZAR Zargon Oil & Gas Ltd 0.710000 30663000 None 0.4198 0.90 -1.91
MM Mood Media Corp 0.065000 183694082 None None 0.12 -3.26
NKO Niko Resources Ltd 0.105000 94049614 0.0280 None 0.26 -2.18
RMX Rubicon Minerals Corp 2.250000 2437497 None None 2.80 -29.28
CZQ Continental Precious Minerals Inc 0.395000 11706896 None 0.8267 0.48 None
GII.UN Global Diversified Investment Grade Income Trust II 0.210000 9778651 10.5000 0.7582 0.26 None
PNC.A Postmedia Network Canada Corp 0.900000 1874639 None None 7.39 -174.82
PNC.B Postmedia Network Canada Corp 0.700000 1874639 None None 7.39 -174.82
CSF Cash Store Financial Services Inc 0.135000 17571813 None None 0.60 -7.59
MNT Royal Canadian Mint 17.340000 4000 0.0017 None 23651.75 11260.75
MNS Royal Canadian Mint 13.970000 4000 0.0013 None 23651.75 11260.75
STP Southern Pacific Resources Corp 0.005000 397959000 None None 0.07 -1.38

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

GMP Capital has 313 employees and is headquartered in Canada.
GMP Capital Inc is a Canadian independent investment dealer serving corporate, institutional and individual clients. The Company’s integrated business segments include: Capital Markets and Wealth Management.

TRZ:TSE Transat A.T.
Transat A.T. has 5000 employees and is headquartered in Canada.
Transat A.T. Inc is an integrated international tour operator in the Americas. It conducts its activities in the holiday travel industry and markets its products in the Americas and Europe.

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