Top 5 TSXV stocks in the technology landscape.
Tech stocks have taken great leaps forwards but have been tempered by the news of a Trump presidency and Brexit drama, so it remains to be seen whether resources and human talent are affected going forward. Looking ahead, the landscape is bound to change dramatically as investors should experience more IPOs, and as ever, technologies becoming better and cheaper.
This list was generated using The Globe and Mail’s market data filter and does not include companies with a market cap of less than $10 million. Companies within the computer software and processing sector are considered. There are only 24 listed companies; most listees made gains, with only six recording losses over the year’s trading. Here is a closer look at the top five best performing for 2016.
- Diagnos (TSXV:ADK)
- Bluedrop Performance Learning (TSXV:BPL)
- QHR (TSXV:QHR)
- Breaking Data (TSXV:BKD)
- NamSys (TSXV:CTZ)
Closing price: $0.125; yearly gain: 177.78 percent
Diagnos is the first security, racing up to the top of this list. A leader in healthcare technical services, they recently announced a new pilot contract in the South East Asia region. They also currently have 14 managed screening units in Mexico City.
They have dominated and outperformed this list. They have a negative net profit margin below the industry average so it remains to be seen whether 2017 will witness profitable revenue.
Bluedrop Performance Learning
Closing price: $0.21; yearly gain: 147.06 percent
Bluedrop Performance Learning is a Canadian e-learning company. They are split into two businesses: Bluedrop Training and Simulation and Bluedrop Learning Networks. They were ranked 138 out of 500 in the PROFIT 500 rankings of Canada’s fastest growing companies.
They are rated a buy by Reuters. Q3 financial results saw revenues of $5,896,235, a 10 percent gain over the same period in 2015.
Closing price: $3.09; yearly gain: 135.88 percent
QHR is now owned by Loblaw (TSX:L). They however have a place on this list due to their performance in 2016. They are a provider of solutions to the healthcare information technology sector and a leader in the electronic medical records market.
The last price is from October 12. On October 13, Loblaw acquired all the outstanding common shares of QHR for $3.10 per share in cash.
Closing price: $0.415 (12/14/2016); yearly gain: 130.56 percent
Breaking Data was issued a trade halt by IIROC. They develop mobile platforms. Their sports app Breaking Sports is an interface for fans and another mobile app is Poynt, an online Yellow Pages.
Reuters Estimates rated this a buy. Now, however, they are not covering the company that has struggled financially and as last reported, has yet to generate positive cash flows.
Closing price: $0.65; yearly gain: 96.97 percent
NamSys provides fintech solutions for cash transactions. Their aim is to update existing practices; the NamSys Currency Controller is a cash vault management and logistics system that helps banks manage cash processing. The last report states that 100 percent of revenue came from software related sales and services.
At the time of first writing, they had a Gross Margin score of 37/100 (1 is good). For the industry, they have seen strong growth.
Investors should pay attention to the above in 2017 as one day these could become a worthy investment.
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Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.