In The News
Difference Capital Announces Normal Course Issuer Bid for Common Shares
TORONTO, ONTARIO – (Marketwired - September 13, 2016) – Difference Capital Financial Inc. (“DCF”) (TSX:DCF) (TSX:DCF.DB) today announced that the Toronto Stock Exchange (“TSX”) has accepted DCF’s notice of intention to proceed with a normal course issuer bid (“NCIB”) through the facilities of the TSX.
DCF intends to purchase for cancellation up to 1,555,661 of its common shares by way of a normal course issuer bid through the facilities of the TSX or alternative Canadian trading systems. The 1,555,661 common shares represent 10% of the Company’s public float as of September 1, 2016. Pursuant...
Difference Capital Reports First Quarter 2016 Results
Difference Capital Reports First Quarter 2016 Results
TORONTO, CANADA – May 12, 2016 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB), today reported its financial results for first quarter ended March 31, 2016.
Q1 2016 Highlights
Net asset value per share decreased to $1.88 from $2.01 at December 31, 2015.
Net loss on investments and marketable securities of $2.1 million during the quarter, due in large part from unrealized foreign exchange loss on U.S. investments.
Cash on hand at the end of March 31, 2016 was $10.4 million.
(figures are in...
TouchBistro One of Many Stars That Shined at Canadian Fintech Summit
by Hana Shafi yesterday | News, Technology
Leaders in financial tech gathered at MaRS Discovery District for the Canadian Fintech Summit 2016 this Monday.
The summit saw over 300 attendants and 28 speakers, including Bhavin Shah, the Chief Technology Officer of TouchBistro, a food and drink FinTech app based out of Toronto and New York City. The app offers a POS solution for restaurants to manage their finances and save time: everything from taking orders, to splitting bills, to organizing floor layouts and inventory.
“The best experiences are always those where the consumer applications are integrated with the point of sale...
Difference Capital Shareholder Update – March 2016
Difference Capital Shareholder Update
Private Portfolio performance in a tough environment
We reported our full year 2015 results recently. For those of you who don’t have time to pour over the detailed documents, here’s a few things we’d like to highlight for you:
Portfolio Returned 12% - Our portfolio of mostly private late-stage positions provided a gross return of 11.7% in 2015. This compares favourably to a TSX decline of 11% during the same period. We believe this performance supports the difficult restructuring we did in 2014 and indicates the stability in the portfolio post this...
Difference Capital Reports Fiscal Fourth Quarter and Full Year 2015 Results
TORONTO, CANADA – March 9, 2016 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB), today reports its financial results for the three months and year ended December 31, 2015.
Full Year 2015 Financial Highlights
Net gain from investments and marketable securities of $12.9 million compared to net loss of $38.8 million in 2014;
Net income of $2.1 million or $0.06 per share compared to a net loss of $48.1 million or $1.24 per share in 2014;
Net asset value1 per share increased 16% to $2.01 from $1.73 at...
Difference Capital Announces Results of Substantial Issuer Bid
TORONTO, CANADA – December 30, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) today announced the results of its Dutch auction substantial issuer bid to repurchase up to $7 million worth of its common shares (the “Offer”), which expired at 4:00 pm (Toronto time) on December 29, 2015. These are preliminary results based on the report of Computershare Investor Services Inc., the depositary for the Offer, and on the assumption that all deliveries of common shares will be duly completed.
DCF will accept for purchase and cancellation 6,578,950 of its common shares...
Difference Capital Announces Substantial Issuer Bid for up to $7 million of its Common Shares
TORONTO, CANADA – November 20, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces today that its board of directors has approved the commencement of a substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase for cancellation from shareholders up to $7,000,000 of its outstanding common shares (the “Shares”).
Evans & Evans, Inc. (“Evans”) was engaged by DCF as the independent valuator to prepare a formal valuation of the Shares in accordance with applicable Canadian securities laws. The final valuation report contains Evans’ opinion that, based on the...
Difference Capital Reports Third Quarter 2015 Financial Results
TORONTO, CANADA – November 10, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB), today reports its unaudited financial results for the quarter ended September 30, 2015.
Third Quarter Highlights:
Net gain from investments and marketable securities of $7.4 million compared to net loss of $9.6 million in the same quarter last year;
Net income of $3.8 million or $0.11 per share compared to a net loss of $12.0 million or $0.31 per share in Q3 2014;
Net asset value per share increased to $1.83 from $1.72...
Difference Capital Announces Completion of its $12m Substantial Issuer Bid for its Outstanding Convertible Debentures
TORONTO, CANADA – October 16, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces today the final results of its previously announced substantial issuer bid (the “Offer”) to purchase for cancellation from holders (the “Debentureholders”) of the outstanding 8.0% convertible unsecured subordinated debentures of the Company due July 31, 2018 (the “Debentures”) up to $12,000,000 aggregate principal amount of the issued and outstanding Debentures at a purchase price of $880 per $1,000 principal amount of Debentures.
The Offer expired in accordance with its terms at 4:00 p.m. (Toronto time...
Difference Capital Announces a Price Increase and Extension to its Substantial Issuer Bid for up to $12m Outstanding Convertible Debentures, and Enters into a Lock-Up Agreement
Difference Capital Announces a Price Increase and Extension to its Substantial Issuer Bid for up to $12 million of its Outstanding Convertible Debentures, and Enters into a Lock-Up Agreement
TORONTO, CANADA – September 28, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces today that in relation to its substantial issuer bid (the “Offer”), the Company has amended the purchase price of the Offer as described in Section 1 of the offer to purchase.
As previously announced on August 19, 2015, the Company has offered to purchase for cancellation from holders (the “Debentureholders”) of...
Difference Capital Announces Nipro Corporation Has Signed a Definitive Agreement to Acquire Infraredx, Inc.
TORONTO, CANADA – September 24, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces that Nipro Corporation (TYO:8086) has signed a definitive agreement to acquire Infraredx, Inc., a DCF portfolio company. Infraredx, Inc. is an intravascular imaging company committed to advancing the diagnosis and management of coronary artery disease globally.
DCF had invested US$5.0 million in convertible debentures of Infraredx, Inc. and expects to receive approximately that amount from the transaction, subject to certain conditions being met.
About Difference Capital Financial Inc.
Difference Capital Financial Inc. invests in and advises growth companies...
Difference Capital Announces the Sale of WorldGaming to Cineplex Entertainment
TORONTO, CANADA – September 17, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces today that its majority-owned investment, WG Ltd. (operating as “WorldGaming”, and formerly as “Virgin Gaming”), a leading online gaming platform that facilitates tournaments, leagues and gaming ladders for the competitive gaming community, has sold its operational assets to Cineplex Entertainment (“Cineplex”). As part of the deal, Cineplex will invest US$10 million to acquire the assets in exchange for 80% ownership of the new company, as well as invest an additional US$5 million to expand the business model.
Difference Capital Announces Substantial Issuer Bid for up to $12 million of its Outstanding Convertible Debentures
TORONTO, CANADA – August 19, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) announces today that its board of directors has approved the commencement of a substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase for cancellation from holders (the “Debentureholders”) of the outstanding 8.0% convertible unsecured subordinated debentures of the Company due July 31, 2018 (the “Debentures”) up to $12,000,000 aggregate principal amount of the issued and outstanding Debentures at a purchase price of $850 per $1,000 principal amount of Debentures (the “Purchase Price”). On...
Difference Capital Reports Second Quarter 2015 Results
TORONTO, CANADA – August 11, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF) (TSX:DCF.DB), today reports its unaudited financial results for the quarter ended June 30, 2015.
Q2 2015 Key Comments
The Company completed the acquisition (the “Internalization Acquisition”) of Difference Capital Inc. (“DCI”) and terminated its management agreement with Difference Capital Management Inc. (“DCM”). All DCI and DCM employees have become employed directly by DCF.
Net asset value per share decreased to $1.72 from $1.86 at March 31, 2015, based on a loss of $5.2 million for the quarter, including a one...
Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide
Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, it was announced today. Following new agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015 onwards.
This service, which requires a Vodafone NFC SIM, will be supported on a wide range of Android smartphones. To use the service, customers will:
input their bank cards to the Vodafone Wallet app, where an alias of each card is stored securely in...
Difference Capital Announces Changes to its Board of Directors, Manager Update and Disposition of BENEV Investment
TORONTO, ONTARIO – (July 17, 2014) – Difference Capital Financial Inc. (“DCF” or the “Corporation”) (TSX:DCF)(TSX:DCF.DB) today announced that effective immediately, Wes Hall, Ivan Fecan, and Paul Sparkes have resigned from the Corporation's Board of Directors. The Board thanks Messrs. Hall, Fecan and Sparkes for their service to DCF and wishes them the best in their future endeavours.
Henry Kneis, Chief Financial Officer of DCF, has been appointed to the Board. Michael Wekerle has assumed responsibilities as Chairman of the Board, and John Albright will serve as the Corporation’s lead independent director. The Board now consists...
SHOP.CA Launches Bad Boy Furniture Store
Toronto, ON May 6th, 2014 - Today, SHOP.CA announced the launch of Lastman’s Bad Boy Superstore, within the SHOP.CA marketplace. The addition of Bad Boy to SHOP.CA underscores the focus SHOP.CA places on building a community of Canadian merchant partners that create the best value possible for Canadians, while seamlessly connecting merchants looking to transact online. To show their own commitment to Canadian ecommerce, Bad Boy will feature Free Shipping on all orders over $448. At the time of this statement, this is Canada’s best online shipping offer in the furniture and appliance category. The...
SHOP.CA Closes $31 Million in Series B Funding
TORONTO, May 01, 2014 (BUSINESS WIRE) – SHOP.CA , Canada’s leading online shopping destination, known for its daily sales events, millions of products, top brands, personalized customer service and free shipping and returns, today announced it has raised $31 million in Series B funding.
New investors in this round of funding include Shaw Ventures, an affiliate of Shaw Communications Inc., alongside a select group of large North American financial institutions. SHOP.CA ’s existing investors, including Torstar Corporation, Slaight Communications, Difference Capital and a host of SHOP.CA team members also participated in this financing.
“We are extremely pleased with...
Aeroplan Announces Exclusive Online Marketplace Partnership with SHOP.CA
May 1, 2014 - Aeroplan today announced it has entered into a multi-year agreement with SHOP.CA, Canada’s largest online marketplace shopping destination. This strategic alliance between the companies will enable Aeroplan Members to earn Aeroplan Miles on every purchase they make, with free shipping and returns across 27 product categories including electronics, sporting equipment, home furnishings and more. Members will be able to shop online and earn 1 Aeroplan Mile for every $1 spent and Distinction members will earn 2 Aeroplan Miles for every $1 spent on all purchases made at SHOP.CA.
In celebration of the partnership...
DCR Strategies-TruCash Launches Multi Use Mobile Wallet with NFC
MISSISSAUGA, ONTARIO–(Marketwired – Apr 8, 2014) - Today, DCR Strategies Inc. is introducing the TruCash Mobile Wallet with full NFC support, launching this week and will be available in Europe, Canada, USA and Latin America. With the TruCash NFC Mobile Wallet app, card members using an NFC enabled Android device can make tap and go NFC payments, send money on the move, save money through loyalty integration and view detailed transaction history. The TruCash Mobile Wallet application works with all Android, IOS, and Blackberry smartphones, however NFC capabilities are limited to Android and Blackberry.
Simple and Easy to Use
Amazon expansion could be just what Canada’s e-commerce sector needs
There’s little question that Canadians have been underserved when it comes to homegrown e-commerce options, and many are hoping that Amazon’s recent expansion of its product offerings in Canada will light a fire under consumers and retailers here.
“They entered some of our categories in the early half of 2013, and we certainly felt the impact. But we view their presence as a good thing in the sense that Canadians lag Americans and many European countries,” says Erin Young, chief marketing officer at Well.ca, an online retailer of health, baby and beauty products that started as...
iPowow to Showcase Gamified Participation TV With Sprockit at NAB 2014
Las Vegas, Nevada (PRWEB) April 07, 2014 – iPowow, the driving force behind Participation TV, is excited to announce they will be showcasing their latest innovations in TV gamification at NAB 2014.
Taking multi-screen audience participation to the next level, iPowow has designed an interactive platform that holds the key to unlocking the secrets behind higher viewership, rating and engagement rates. The company will be showcasing these compelling new functions live for the first time, after being selected as one of Sprockit’s elite innovators.
A company on the leading edge of the global shift towards Participation TV, iPowow is...
GuestLogix Secures 3 Year Deal with Priority Travel Group, The World’s Leading Provider of Airport Lounge Access
Toronto, ON —April 7, 2014 – GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced a 3-year agreement with the world’s largest independent provider of airport lounge access, Priority Travel Group. Following an extensive trial, the Company’s onboard retailing technology, including PCI-compliant handheld POS devices and GuestPass™ platform, will be deployed across Priority Travel Group’s lounge network, to authenticate and manage lounge member access for all its membership programs, including the industry leader, Priority Pass. This agreement allows Priority Travel Group...
Canada’s tech stars poised to lead new IPO boom for sector as investors more and more ‘hungry’ for growth
Gerrit De Vynck, Bloomberg News (March 13, 2014) - Social media and online-education startups are poised to lead a resurgence in technology initial public offerings in Canada as investors burned by a slump in the commodity industry turn to more lucrative markets.
Hootsuite Media Inc., Desire2Learn Inc. and Vision Critical Communications Inc. are among technology companies that will be ready to go public within two years, according to John Ruffolo, who has invested in all three through the venture capital arm of the Ontario Municipal Employees Retirement System pension fund. Canaccord Genuity Group Inc. forecasts that more than US$400...
Carta Worldwide piles into Host Card Emulation
Next-generation transaction technology provider Carta Worldwide announced today the launch of its end-to-end Host Card Emulation (HCE) solution for Near-Field-Communication (NFC) mobile transaction applications.
The solution cuts through the complexity associated with mobile payment deployments. It simplifies and enables EMV secure proximity transactions compatible with existing contactless POS acceptance systems without the need for traditional integration and system upgrade costs.
Carta’s comprehensive HCE service provides full lifecycle support for cardholder credentials and transactions in credit ,prepaid or debit programs. It also includes EMV data preparation, personalization, provisioning and credential management via a secure cloud...
National Bank analyst sees opportunity in Wek’s new merchant bank
Financial Post – February 18, 2014
A newly formed merchant bank run by Mike Wekerle, the former star trader and a co-founder of Griffiths McBurney & Partners, has won a rave from analysts at National Bank Financial.
National Bank initiated coverage of Mr. Wekerle’s Difference Capital Financial Inc. on Monday with an “outperform” rating, suggesting that shares of the publicly traded firm could rise to $3.40 from $2.22 in the next 12 months.
While the shares are given a “speculative” risk rating, National Bank analyst Kris Thompson says Difference Capital provides a “rare opportunity to invest in...
BrainScope® Receives GE NFL Head Health Challenge I Award
BETHESDA, Md.–(BUSINESS WIRE)–BrainScope Company, Inc. today announced that it has received an award from GE and the National Football League (NFL) to further enhance its portable concussion assessment system by combining imaging biomarkers with its brainwave technology. In 2013, GE and the NFL created the $10 million Head Health Challenge I competition to award entrants for proposals focusing on “identifying breakthrough technologies and approaches that will improve the diagnosis and prognosis of mild traumatic brain injury (TBI).” The sixteen recipients of the award, including BrainScope, were announced today in New York.
Under this Head Health Challenge Award, BrainScope...
Mike Wekerle’s remarkable speech at the Cantech Investment Conference
Cantech Letter – January 21, 2014 By Nick Waddell
“I tell people I’m a one trick pony, but it’s a good trick”.
Mike Wekerle spoke at the Cantech Investment Conference on Thursday, January 16th and packed the house with a speech called “Why Tech is Back and What we are Doing About it.”
Wekerle, who formed publicly traded merchant bank Difference Capital to take advantage of what he believes will be a significant rotation back to the innovation sectors, joined keynotes Sir Terry Matthews and Colonel Chris Hadfield at the inaugural Cantech conference, and stacked up well against them...
Looking To Amazon, BuildDirect Raises $30M To Take On Home Improvement Giants
FORBES – January 21, 2014 – While Home Depot HD -0.95%, Loews L -0.38% and Menards battle it out to be the preferred destination for home improvement shoppers in the United States, a challenger in Canada has taken on some serious cash to take that spending online. BuildDirect announced today it raised $30 million CAD, or about $27 million in U.S. dollars, in a Series B round to amp up the pressure on the brick-and-mortar establishment.
There’s a Canadian flavor to the whole deal, with the fourteen-year-old company still based out of Vancouver and...
BuildDirect secures another $30-million in funding
Globe and Mail – BOYD ERMAN
The Canadian online home-improvement retailer posted 100 per cent revenue growth in 2013
BuildDirect, a Canadian company with the goal of becoming the Amazon.com of building products such as flooring and siding, has secured $30-million of venture capital funding to pursue its growth plans.
The Vancouver-based company’s lead investor in the series B round is Mohr Davidow Ventures, a new backer from Silicon Valley. BDC Venture Capital, one of the company’s existing investors, also contributed to the round. Earlier backers of BuildDirect include OMERS Ventures, which invested $16-million...
Vision Critical adds Wekerle’s Difference as shareholder
Globe and Mail – BOYD ERMAN
Firm is putting $3.5-million into Vision Critical in return for preferred shares
Vision Critical, a private technology company focused on customer relations, has added another name to its shareholder roster: merchant bank Difference Capital Financial Inc.
Vision Critical is a fast-growing company, with revenues close to $100-million and a goal of getting to $1-billion in four to six years, its new chief revenue officer told Streetwise in an exclusive interview1 published earlier on Tuesday. Difference is a firm specializing in technology that was founded by former GMP trader Michael Wekerle...
GuestLogix Signs Multi-Year Partnership Agreement With Toronto-Based Carrier, Porter Airlines
TORONTO, ONTARIO, Dec 20, 2013 (Marketwired via COMTEX) — GuestLogix Inc. CA:GXI -3.70% , the leading global provider of payment technology solutions to airlines and the passenger travel industry, today announced a three-year partnership agreement with Porter Airlines, a regional carrier headquartered in Toronto, Canada, for the use of the Company’s latest retail technology offerings at Billy Bishop Toronto City Airport and other destinations within the carrier’s network. Porter’s Toronto facility will become the Company’s flagship demo location, providing Porter with access to GuestLogix’ existing and emerging solutions, as well as pre-released solutions, and...
CRAiLAR and IKEA Complete General Supply Agreement and CA$3.2 Million of Financing
PORTLAND, OR, Dec. 19, 2013 /CNW/ - CRAiLAR Technologies Inc. (TSXV: CL) (OTCQB: CRLRF), which produces and markets CRAiLAR® Flax fiber The Friendliest Fiber On The Planet™, today announced that it has completed a General Supply Agreement and CA$3.2 million of financing with Ikea. IKEA has extended the Company a €2.2 million (CA$3.2 million), 30 month, 1.9% fixed rate loan (“Loan”) designated for the installation of equipment to support and expand CRAiLAR’s European production facility and working capital for IKEA orders. The Loan is to be secured by assets purchased with the proceeds as...
CRAiLAR Receives CAD$2.0 Million Private Placement from Hydra Ventures B.V.
PORTLAND, OR, Dec. 19, 2013 /CNW/ – CRAiLAR Technologies Inc. (TSXV: CL) (OTCQB: CRLRF), which produces and markets CRAiLAR® Flax fiber The Friendliest Fiber On The Planet™, today announced that it has finalized negotiations to enter into a proposed CAD$2.0 million private placement investment (the “Private Placement”) with Hydra Ventures B.V., the corporate venture arm of the adidas Group (FRA: ADS).
In conjunction with the proposed Private Placement, Hydra Ventures has agreed to subscribe for up to 3,333,333 units of the Company (each a “Unit”), at a proposed subscription price of CAD$0.60 per Unit...
BNN: Wekerle Sees Opportunity in Tech
BNN gets insight from Michael Wekerle, Executive Chairman, Difference Capital on whether U.S. market equity strength will continue and where he is seeing opportunities in private and public markets in Canada and abroad. Mr. Wekerle is very positive on Canadian technology.
Click Here to Watch: Wekerle Sees Opportunity in Tech...
Expert Investing Advice From Tom Astle, Head Of Investment Strategy at Difference Capital
SMALLCAPPOWER.COM In Association with the Financial Post
There are some blue-chip tech names that are still trading at low double-digit multiples that are quite attractive,” says Tom Astle, Head of Investment Strategy at Difference Capital Financial Inc., in an interview with Smallcappower.com. Mr. Astle discusses why he likes the technology and media sectors, why investors should avoid the resource space, and the factors he considers when choosing an investment.
Q: Can you briefly describe Difference Capital, what the company does, and how it distinguishes itself from other companies operating in your space?
A: Sure. Difference Capital...
Fem Med Formulas Announces an Exclusive
femMED health supplements for women will now be available in the Middle East, Turkey and Caspian Regions
Women in several other parts of the world will soon have access to femMED products, a Canadian-based line of natural women’s health supplements for a wide variety of important health concerns from breast and bone health to symptoms of menopause and premenstrual syndrome, among others. The news comes as parent company Fem Med Formulas enters into an agreement with NewBridge Pharmaceuticals, a specialty therapeutics company commercializing pharmaceuticals, biologics, diagnostics and medical devices across the AfMET region.
The exclusive license and supply...
Deloitte Awards GuestLogix in the 2013 Technology Fast 50(TM) and Fast 500(TM)
TORONTO, ONTARIO–(Marketwired – Nov 13, 2013) – GuestLogix Inc. (GXI.TO), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced that it has been recognized as one of Canada’s fastest growing technology companies in the 16th annual Deloitte Technology Fast 50™ awards. GuestLogix also ranked among the 500 fastest growing technology companies in North America in the Deloitte Technology Fast 500™. These awards are granted for technological innovation, entrepreneurship, rapid growth and leadership based on the percentage of revenue growth over five years.
“Being recognized for our continued growth...
Can iPowow bring distracted viewers back to network television?
What will television look like a year from now? Probably much as it does right now.
But what about five years from now? Ten years from now? Change is coming, incrementally but inevitably, to the medium that most people spend the lion’s share of their time with.
Whatever happens, screen-based entertainment will likely not be the pure spectator sport it now resembles. Social TV pioneers iPowow are betting that viewer engagement can be fueled by the gamification of the medium.
For advertisers, the primary challenge is to engage the viewer. While the trend towards “second screen” would seem...
The Oracle of Bay Street: Michael Wekerle
When a video game player loads NBA 2K13, say, or Madden NFL on his Xbox, he’s invited to join a social media platform where he can play online against other gamers for money and prizes. The platform, which was developed by the Toronto company Virgin Gaming, is poised to become the Facebook of the gaming world. But, until recently, chances were good that Virgin would go the way of many promising Canadian tech companies and get scooped up by foreign multinationals, decamp for the U.S. or simply die due to a lack of financing.
Luckily, Rob Segal, Virgin...
The Best Stocks of the Post-Lehman Era
The Globe and Mail (Tim Shufelt – Investment Reporter, September 19, 2013)
The bookends to the post-Lehman Brothers era were remarkably level.
From the time the investment bank filed for the largest bankruptcy in U.S. history to the five-year anniversary of the collapse this past Sunday, the S&P/TSX composite index was more or less flat.
In between, however, a bunch of stuff happened – the greatest financial crisis since the Depression, the violent upheaval of stock markets, trillions in wealth vaporized.
With extraordinary market volatility came a great shakeup of corporate fates. There were big winners...
Thunderbird Films Announces Cast & Start of Live Studio Audience Production for Original Comedy Series, Some Assembly Required
VANCOUVER (August 29, 2013) Corus Entertainment’s YTV and Thunderbird Films announced today that production on the new original multi-camera comedy Some Assembly Required has begun. Shooting in front of a live studio audience in Burnaby, British Columbia, the 26-episode, half-hour series will be produced by Thunderbird Films and the creative team behind the international teen hit Mr. Young. Some Assembly Required creators Dan Signer (A.N.T. Farm, Mr. Young) and Howard Nemetz (Mr. Young, The Suite Life of Zack & Cody) are back in the studio. Full broadcast details to be announced at a later...
Difference Capital dream-team adds decorated analyst Tom Liston
Cantech Letter – Nick Waddell – (July 31, 2013) We knew Difference Capital (TSXV:DCF) was putting together their own version of a dream team, we just didn’t know they were aiming to be Bay Street’s answer to the 1927 Yankees.
This morning, the publicly listed merchant bank announced it had coaxed decorated technology analyst Tom Liston away from Cantor Fitzgerald Canada, where he had been Head of Research after that firm assumed the operations of boutique Versant Partners last summer.
The move follows the April arrival of another top analyst, Tom Astle, who left his gig as Byron Capital...
Wekerle’s Difference Capital Adds New Managing Partner
The Globe and Mail (Wednesday, Jul. 31 2013) – Difference Capital Financial Inc. has picked up another team member with experience in technology.
The tech-focused merchant bank started by GMP Capital co-founder Mike Wekerle has been blazing the acquisition trail this year, hiring high-profile board members and bankers.
Tom Liston is joining the team as a managing partner. Mr. Liston was formerly a top-ranking technology sector analyst at investment dealer Versant Partners Inc., which was acquired by Cantor Fitzgerald LP last summer. At that time he became director of Canadian research, and covered the technology sector.
Expert Interview with Tom Astle, Head of Investment Strategy at Difference Capital
smallcappower – Financial Post (July 19, 2013) - We are pleased to feature this exclusive interview with Tom Astle, Head of Research, Difference Capital, a Toronto, Canada based Merchant Bank.
In this Smallcappower.com exclusive, Mr. Astle talks about his approach to finding high potential technology companies for investment. Furthermore, he talks about the major sectors within the broad technology sector that could do well in the near future. He also shares his insights about the stock markets in general and his investment outlook.
Q: Can you tell us about Difference Capital and your role there?
A: Sure. So Difference Capital is...
Michael Wekerle, Executive Chairman, joins Market Sense
June 18, 2013
Michael Wekerle, Executive Chairman at Difference Capital joins Market Sense.
Click Here to Watch...
Can tech stocks save the TSX?
Financial Post – 13/06/14 – Neil Johnson wants to help resurrect investment in Canada’s technology industry. If it comes to fruition, the chief executive of Difference Capital Funding Inc., a publicly-listed merchant bank in Toronto, and his colleagues will be a happy bunch because of the increased business they will have received from companies looking for funding.
But Canadian investors, who are suffering from the lack of diversification on the country’s equity markets, will benefit as well. They have already started plowing into the technology sector in an attempt to escape moribund resource stocks, pushing the S...
GuestLogix Named #2 Canadian Mobile Technology Company by Branham300
TORONTO, ONTARIO–(Marketwired – April 24, 2013) - GuestLogix Inc. (GXI.TO), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, has been named the number two Canadian Mobile Technology Company on the 2013 Branham300 list. As the runner-up mobile technology company in Canada, GuestLogix is recognized for its revenue growth, as well as its technology innovations and contribution to the economy both nationally and provincially.
In its 20th year, the Branham300 highlights the top Canadian and multinational information and communication technology (ICT) companies, awarding the top current and up and coming...
More than “Wek”: Cantech Letter interviews Difference Capital
June 10, 2013 By Nick Waddell
Getting the old band back together. The management team of Difference Capital. Left to right; Henry Kneis, Chief Operating Officer & Chief Financial Officer, Michael Wekerle, Executive Chairman, Paul Sparkes, Executive Vice-Chairman, Neil Johnson, CEO. Not pictured: Tom Astle; (Head of Investment Strategy), Jeff Kehoe, Managing Partner & General Counsel.
The TSX is undergoing a sea-change. Throwing a dart at a board lined with resource sector tickers hasn’t worked for a while, and likely won’t again for some time.
And despite a recent lift, the same can probably be said...
Michael Green in Negotiations to Rewrite Blade Runner Sequel – Thunderbird
Source: Alcon Entertainment
May 31, 2013
Writer Michael Green is in negotiations to do a rewrite of Alcon Entertainment’s Blade Runner sequel penned by Hampton Fancher (Blade Runner, The Minus Man, The Mighty Quinn) and to be directed by Ridley Scott. Fancher’s original story/screenplay is set some years after the first film concluded.
Alcon co-founders and co-Chief Executive Officers Broderick Johnson and Andrew Kosove will produce with Bud Yorkin and Cynthia Sikes Yorkin, along with Ridley Scott. Frank Giustra and Tim Gamble, CEO’s of Thunderbird Films, will serve as executive producers.
Green recently completed...
Succeeding Through Diversity
Financial Press: May 30, 2013 – South of the border, major energy service providers such as Halliburton, Key Energy Services, Unit Corp., Newpark Resources and Nabors Industries have had a rough start to the year. Reports of overselling of stock, coupled with demand issues have made a ripple into a wave in the US sector. However on the Canadian side of the border, things are a little rosier, especially for energy service companies diversified beyond solely serving the oil and gas sector. For one Canadian company in particular, the beginning of 2013 shattered company profitability records, and opened up new doors...
iPowow Nominated for 6 Awards at The Sports Social TV Summit and Awards Ceremony
On May 29, 2013, The Sports Social TV Summit and Awards Ceremony will be hosted in Los Angeles at the Bel-Air Country Club. The 7th Social Summit will focus on how sports leagues, teams, players, broadcast & cable networks, and social TV solution providers, are taking advantage of live programming and sports fans usage of social TV platforms.
Keynote speakers include Randy Freer, Co-President and COO of Fox Sports Media Group, Melissa Brenner, Senior Vice President, Marketing of NBA.
iPowow, a leader in ‘Participation TV’, has been nominated for 6 awards at The Sports Social TV Summit and...
Appetite for emerging tech companies grows stronger
Investors have driven the TSX tech component ahead by nearly 27 per cent year to date.
Michael Lewis Business Reporter, Published on Thu May 23 2013
Cooling commodity prices are helping fuel investor interest in emerging tech companies, with Vancouver’s SoMedia planning an initial stock offering that is says would be the first Canadian Internet technology debut on the junior TSX Venture Exchange since 2001.
“Our timing is just phenomenal,” said SoMedia founder and CEO George Fleming, who is meeting with investors to drum up interest in advance of a final IPO prospectus before an initial listing planned by...
Mike Wekerle’s Dream Team Is Positioning Itself For A Big Score In Tech
May 17, 2013 – ceo.ca - “Technology has changed financial services. The young people who understand that and embrace the change are going to be the next generation of winners in the industry.”
Difference Capital CEO Neil Johnson thinks Canada’s capital markets are changing. “From a compliance and regulatory standpoint, the costs have never been greater,” he told me last Friday. “From a trading and revenue perspective, commissions have been reduced to almost nothing.”
Add these challenges to the recent resource bull market bust, and you can see how the market is transitioning. Venture firms are becoming wealth managers, independent...
Katya Andresen to Join ePals as New CEO
Social Networking Veteran Assumes Leadership Role at Leading Global Learning Network
WASHINGTON, DC, May 16, 2013 (Marketwired via COMTEX) — ePals Corporation (“ePals” or “the Company”), an education media company and the world’s leading global learning network, is pleased to announce that Katya Andresen will succeed Miles Gilburne as the Company’s Chief Executive Officer, effective January 1, 2014 and will report directly to Miles Gilburne, who will transition from his role as CEO over the next six months while continuing to serve as Chairman. During the transition, Ms. Andresen will serve as President and Chief Operating Officer. Current President...
President Clinton, Frank Giustra, and Marco A. Slim visit Clinton Giustra Enterprise Partnership Projects to Foster Growth in Latin America
Difference Capital is proud to share the news of our partner, Frank Giustra, and the initiative to create jobs in Colombia and alleviate poverty.
Clinton Foundation signs agreement with Peru Ministry of Foreign Trade & Tourism, launches project with Nestlé and Procter & Gamble, and participates in inauguration of two new ventures that will create jobs in Colombia
New York, NY— On May 13th-15th, President Bill Clinton, philanthropist Frank Giustra, and Marco A. Slim traveled to Peru and Colombia, where they visited projects of the Clinton Giustra Enterprise Partnership, an initiative of the Clinton Foundation previously known as the...
Stock to watch: Amaya a bet on online gaming
Amaya Gaming Group Inc. -The Globe and Mail, May 8, 2013
Wednesday’s close: $6.62, down 7 cents, or 1.0 per cent
52-week trading range: $3.20 to $6.75 a share
Annual dividend: none
Analysts’ ratings: There are 5 buys, no holds and no sells, according to Bloomberg data. Target prices ranged from $9 a share as estimated by analysts at Cantor Fitzgerald and Canaccord Genuity to $10 a share by Global Maxfin Capital analyst Ralph Garcea.
Recent history: Investors have sent Amaya shares surging 65 per cent over the past year, betting it will benefit...
- Difference Capital Announces Normal Course Issuer Bid for Common Shares