Morning Report: Powering to new highs - Kaltura
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Providing Insider News and Knowledge to Investors
Morning Report: Powering to new highs August 26, 2021
Canada's morning overview of insider filings with a special focus on companies that may interest active and
momentum-oriented investors.
Canadian Company Insider Filing Tally* - Yesterday
Yesterday, 39 companies had insider buy filings and 13 companies had insider sell filings.
INK Market-Wide Sentiment Indicator*
INK Market-Wide Sentiment Indicator: 216.9%
INK Sentiment Reading: Fair-Valued INK Venture Sentiment Reading: Undervalued
*Filing Tally represents Toronto Stock Exchange and Venture companies with public-market transaction SEDI filings of directly-owned equity securities.
Indicators represent companies with buy-only transactions divided by companies with sell-only transactions of direct ownership equity securities in the
public-market by officers and directors (exclusive of officers and directors of subsidiaries or insiders) filed over the last 60 days. The chart line shows insider
sentiment trends by connecting the historic indicator daily readings going back one year. See our market report for commentary on indicator readings.
Report Tutorial Video : http://www.inkresearch.com/pdf_tutorial/morning.html
English
Overview: Sentiment and Stocks
Today we revisit diversified management and holding company Power Corporation of Canada (POW), last featured here on
March 30th of last year. In the time since that report, the stock has about doubled. Power has core holdings in insurance,
retirement, wealth management and investment businesses, and alternative asset investment platforms. Its larger holdings
include (as of Q2) a 66.7% interest in Great-West Lifeco (Mostly Sunny; GWO), 61.9% of IGM Financial (Mostly Sunny;
IGM), and 14.1% of GBL (GBLB on Euronext).
As of Q2 end, Power also had a 55.9% undiluted equity interest in the online investment management platform
WealthSimple. Until last week, WealthSimple was the only cryptocurrency trading platform registered with the Ontario
Securities Commission, but it now has competition as the OSC has granted registration to Coinberry. It is shaping up to be a
David versus Goliath story. At this point, WealthSimple is not a large part of Power's business. However, given the growth in
cryptocurrencies, the stakes are high. Coinberry is looking to go public via a qualifying transaction with Venture-listed
capital pool Cinaport Acquisition Corp. III (CAC) which is currently halted. However, cryptocurrencies are not the only
growth area for Power. They also are the largest shareholder (with a 35.7% interest) in zero-emission vehicle manufacturer
Lion Electric (LEV). In fact, LEV-related investment gains were a contributing factor to Power's Q2 net earnings which came
in at $1.47 per share, up 48% from the same quarter a year ago. We have seen a mix of insider selling and buying recently
which is not surprising as the stock sets new all-time highs.
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August 26, 2021
Today's Chart
Power Corporation of Canada (POW)
Chart reflects public-market and option-exercise transactions of common shares (unit trusts) by company officers and directors.
USD transactions are converted to Canadian dollars by us using the Bank of Canada noon rate on the transaction date.
From August 10th to August 23rd, Power Corporation of Canada (POW) Vice President, General Counsel, and Secretary
Stephane Lemay acquired a total of 93,708 subordinate voting shares through options exercises at an average exercise price
of $32.01. Over the same period, Mr. Lemay sold a total of 96,813 subordinate voting shares at an average price of $42.38.
In addition, on August 19th, Director Pierre Beaudoin (BBD) bought a total of 12,471 subordinate voting shares at an average
price of $42.13.
Power Corporation of Canada has above median ownership (direct & indirect holdings) by Officers and Directors compared
to other large-cap stocks in the Financials sector according to SEDI filings as of August 24th, 2021.
Power Corporation of Canada currently holds a mostly sunny INK Edge outlook on the equally weighted V.I.P. criteria of
valuations, insider commitment and price momentum which places it in the top 30% of all stocks ranked. INK outlook
categories are designed to identify groups of stocks that have the potential to out or underperform the market. However, any
individual stock could surprise on the up or downside. As such, outlook categories are not meant to be stock-specific
recommendations. For background on our INK Edge outlook, please visit our FAQ #5 at inkresearch.com.
Follow @INKResearch on Twitter for live video previews of our morning reports every evening at 7 pm Pacific Time
Sunday to Thursday. Our video summaries are also available on INK Ultra Money. During the COVID-19 crisis, we are
making a number of these videos available for free on canadianinsider.com/ultramoney.
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August 26, 2021
Top-10 Tables: Yesterday's Activities
Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the exercise of
options by company officers and directors filed on or after August 25, 2021. Transactions filed on Saturday and Sunday are aggregated into
Friday's number. INK may adjust certain filings for common filing errors on a reasonable efforts basis.
M - Public market transaction O - Exercise of options
Top 10 Net "CO2" Buying Top 10 Net "CO2" Selling
(By dollar amount, 000's) (By dollar amount, 000's)
M Absolute Software (ABT) $134.5 M O TFI International (TFII) $-4,120.5
M Rubicon Organics (ROMJ) $44.8
O Sparton Resources (SRI) $25.0
M Rokmaster Resources (RKR) $22.5
M Great Panther Mining (GPR) $11.8
M Aurelius Minerals (AUL) $11.2
M Exro Technologies (EXRO) $9.7
M Galway Metals (GWM) $6.6
M Ackroo (AKR) $4.1
M Supernova Metals (SUPR) $1.4
"CO2" may included Board chairs, CEOs, Presidents, CFOs, Treasurers, and Controllers of companies. See data description above.
Top 10 Net Insider Buying Top 10 Net Insider Selling
(By dollar amount, 000's) (By dollar amount, 000's)
M Absolute Software (ABT) $134.5 M O TFI International (TFII) $-4,120.5
M Sylogist (SYZ) $62.4 M Keyera (KEY) $-2,116.9
M Pembina Pipeline (PPL) $54.8 M Nuvei (NVEI) $-1,920.1
M Rubicon Organics (ROMJ) $44.8 M Cdn Natural Resource Ltd (CNQ) $-501.1
M Generation Mining (GENM) $42.1 M Great Canadian Gaming (GC) $-170.2
M Osisko Metals (OM) $39.9 M Silvercorp Metals (SVM) $-132.5
M Millennial Precious Metal (MPM) $38.0 M O Open Text (OTEX) $-124.8
M Filo Mining (FIL) $34.6 M O Vecima Networks (VCM) $-84.4
M Acreage Holdings (ACRG) $30.5 M O Peyto Exploration & Devel (PEY) $-8.3
M Journey Energy (JOY) $28.0 M Yellow Pages (Y) $-8.3
Top 10 Net Insider Buying Top 10 Net Insider Selling
(By volume, 000's) (By volume, 000's)
O Sparton Resources (SRI) 500.0 M Keyera (KEY) -70.0
O Thinkific Labs (THNC) 375.0 M Silvercorp Metals (SVM) -25.0
M Rio Silver (RYO) 249.0 M Makara Mining (MAKA) -20.0
M Osisko Metals (OM) 100.0 M Nuvei (NVEI) -15.0
M Millennial Precious Metal (MPM) 100.0 M Cdn Natural Resource Ltd (CNQ) -12.2
M Spyder Cannabis (SPDR) 100.0 M Ximen Mining (XIM) -10.0
M Generation Mining (GENM) 52.0 M Great Canadian Gaming (GC) -3.9
M GR Silver Mining (GRSL) 50.0 M O Vecima Networks (VCM) -3.3
M DeFi Technologies (DEFI) 50.0 M Eldorado Gold (ELD) -0.7
M Rokmaster Resources (RKR) 50.0 M Yellow Pages (Y) -0.6
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August 26, 2021
Top-10 Tables: Yesterday's Activities (cont'd)
Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the
exercise of options by company officers and directors filed on or after August 25, 2021. Transactions filed on Saturday and Sunday are
aggregated into Friday's number. INK may adjust certain filings for common filing errors on a best efforts basis.
M - Public market transaction O - Exercise of options
I - Information that has been adjusted or estimated by INK A - Amended filing
- CEO Buy - CFO Buy - Officer Buy - Director Buy
- CEO Sell - CFO Sell - Officer Sell - Director Sell
Yesterday's Top 10 Individual Buy Filings
(By volume)
Company Name Insider Name Security Unit/Share Price
Sparton Resources (SRI) CEO
Barker, Alan Lee O Common Shares 500,000 0.05
Thinkific Labs (THNC) Officer
Lievers, Miranda O Subordinate Voting Shares 375,000 0.05
Rio Silver (RYO) Director
Mazur, Richard M Common Shares I 249,000 0.05
Spyder Cannabis (SPDR) Officer
Pelchovitz, Mark M Common Shares 100,000 0.06
Millennial Precious Metal (MPM) Officer
Banducci, Jason M Common Shares 100,000 0.38
Osisko Metals (OM) Officer
Hussey, Joseph Jeffrey M Common Shares 76,000 0.40
Generation Mining (GENM) Director
Reford, Stephen William M Common Shares 52,000 0.81
GR Silver Mining (GRSL) Director
Zaunscherb, Eric Frederic M Common Shares I 50,000 0.38
Rokmaster Resources (RKR) CEO
Mirko, John Martin M Common Shares A 50,000 0.45
East West Petroleum (EW) Director
Haney, Kevin M Common Shares 38,000 0.06
Yesterday's Top 10 Individual Sell Filings
(By volume)
Company Name Insider Name Security Unit/Share Price
Keyera (KEY) Officer
Bertram, James Vance M Common Shares -45,000 30.00
TFI International (TFII) CEO
Bédard, Alain M Common Shares -35,356 141.47
Silvercorp Metals (SVM) Officer
Shaver, Lon Eric M Common Shares without par valu -25,000 5.30
Makara Mining (MAKA) Officer
Von Kursell, Andrew M Common Shares -20,000 0.10
Nuvei (NVEI) Officer
Katz, Shemer M Subordinate Voting Shares -15,000 128.01
Cdn Natural Resource Ltd (CNQ) Director
Tuer, David M Common Shares -12,233 40.96
Keyera (KEY) Officer
Bertram, James Vance M Common Shares -10,000 30.75
Keyera (KEY) Officer
Bertram, James Vance M Common Shares -10,000 30.63
Ximen Mining (XIM) Director
Warthe-anderson, Wesley M Common Shares -10,000 0.26
Open Text (OTEX) Officer
Duggan, Paul Michael M Common Shares OTEX Common -9,940 56.24
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