Logiq Asset Management (LGQ.DL:TSE) and Royal Canadian Mint (MNT: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
CF Canaccord Genuity Group Inc 7.420000 113522629 247.3333 1.3250 7.60 6.40
TRZ Transat A.T. Inc 8.550000 37436840 1.8066 0.5484 24.13 13.76
GMP GMP Capital Inc 2.810000 78176271 None 1.2098 7.14 6.54
ARZ Aralez Pharmaceuticals Inc 0.405000 67194277 None 1.8573 0.65 -3.43
CXR Concordia International Corp 0.265000 51283800 None None 6.70 -65.51
KRN Karnalyte Resources Inc 0.385000 28116000 None 0.6349 0.40 0.89
LGQ.DL Logiq Asset Management Ltd. 0.010000 327115071 None 0.4707 0.01 0.00
MNT Royal Canadian Mint 17.440000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 12.570000 4000 None None 23651.75 11260.75

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.

LGQ.DL:TSE Logiq Asset Management

Logiq Asset Management has 34 employees and is headquartered in Canada.
Logiq Asset Management Ltd., formerly Aston Hill Financial Inc manages, markets, distributes and administrates mutual funds, closed-end funds, private equity funds, hedge funds, and segregated institutional funds.

MNT:TSE Royal Canadian Mint

Royal Canadian Mint has 1255 employees and is headquartered in Canada.
Royal Canadian Mint is a producer of circulation, collector and bullion investment coins for the domestic and international marketplace. It also manages the support distribution system for the Government of Canada.

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